50
4718 College Avenue
$725,000 (-3%) Sale
Listed 101 days ago
· 0
· 0
· 5
· 3527
Key Facts
Key facts for 4718 College Avenue
Property Type
Other, 2 Storey
Parking
Double Garage Detached,RV Garage,Single Garage Attached , Double Garage Detached,RV Garage,Single Garage Attached 5 parking
MLS #
A2213994
Size
3527 sqft
Basement
Partial
Listed on
-
Lot size
-
Days on Market
-
Year Built
1971
Maintenance Fee
-
Description
This exceptional and fully tenanted 4-plex is ideally located just steps from the university in one of Lacombe’s most desirable neighborhoods. With a solid rental history, thoughtful updates, and a unique layout, this property offers incredible flexibility—whether you’re a seasoned investor looking ...for strong cash flow or a young family hoping to offset homeownership costs with rental income. Unit 1, the standout of the complex, is a spacious 3-bedroom, 2.5-bathroom home featuring an attached single garage, gas fireplace, large mud/laundry room with sink, jacuzzi tub, and updated carpet. Perfect for an owner-occupier, this unit provides the comfort and amenities of a single-family home with the added bonus of rental income from the three additional suites. Units 2, 3, and 4 offer a mix of functional layouts, including loft-style bedrooms and open floorplans, with shared access to a laundry area and large storage room. Updates include newer windows, modernized bathrooms, and forced-air or hot water baseboard heating. Unit 4 also includes its own attached garage and units 2 and 3 share the double car detached garage. Additional revenue comes from a separately rented motorhome garage. The building has been well cared for, with new siding and shingles completed approx. 7 years ago and updated electrical in the detached garage just two years ago. With all units currently rented, this property is a rare opportunity to own a high-performing asset with lifestyle flexibility. Whether you’re investing or looking to live in your investment—this 4-plex delivers.
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Courtesy of: RE/MAX real estate central alberta
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