Button CopyPathCircle CloseCircle Left ArrowArrow Down Icon GreyClosecirclecircleBurger
Royal LePage
Royal LePage
Image 1
Image 2
Image 3
$669,000

Lacombe AB, T4L 1Z1

MLS® # A2213994

Property Information:

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 3 has new carpet in living room and primary bedroom. 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.

Inclusions: Refrigerator (x4), Stive (x4), Washer (x2), Dryer (x2), Garage Controls (x3) Garage Remotes (x4), Shed

Building Features:

  • Total Finished Area: 3527.00

Property Features:

  • Architectural Style: 2 Storey
  • Built in: 1971
  • Construction Materials: Vinyl Siding
  • Fireplace Features: Gas, Living Room
  • Floor Space (approx): 3527.00 Square Feet
  • Flooring: Carpet, Linoleum, Tile
  • Foundation Details: Poured Concrete
  • Heating: Forced Air, Hot Water, Varies by Unit
  • Interior Features: Ceiling Fan(s), Storage
  • Parking Features: Double Garage Detached, RV Garage, Single Garage Attached
  • Roof: Asphalt Shingle
  • Zoning: R4
  • No. of Parking Spaces: 5

Courtesy of: RE/MAX real estate central alberta

Data provided by: Central Alberta REALTORS® Association 4922 45 St., Red Deer, Alberta T4N 1K6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

More Detail
Less Detail

⚠ Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 4718 College Avenue, Lacombe, AB, T4L 1Z1

Demographic Information of 4718 College Avenue, Lacombe, AB, T4L 1Z1

Life Stage

Young Families

Employment Type

Mixed

Average Household Income

$144,135.40

Average Number of Children

1.97

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.4 %

High school certificate or equivalent

31.09 %

Apprenticeship trade certificate/diploma

8.13 %

College/non-university certificate

20.35 %

University certificate (below bachelor)

0.75 %

University Degree

27.29 %

Commuter

Travel To Work

By Car

93.23 %

By Public Transit

1.04 %

By Walking

2.15 %

By Bicycle

0.0 %

By Other Methods

3.58 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

8.57 %

Houses

91.43 %

Own Vs. Rent

More Detail
Less Detail