Space
Finished area and layout
- Living Area
- 3,527 sqft
- Above Grade
- 3,527 sqft
- Finished Breakdown
- Above 3,527 sqft
+45 more
3,527 sqft
Living Area
1971
Year Built
5
Parking
Property Snapshot
Key details for this listing
MLS #A2213994
Property
Type, style and structure
- Type
- residential
- Style
- multi-family / Multiplex
- Ownership
- Freehold
- Basement
About This Property
This multi-family in Lacombe offers 3,527 sqft of living area. Built in 1971. The home features tile and carpeted and linoleum flooring, forced air, other, hot water heating, a partial basement, a fireplace. Highlights include a 5-car garage.
MLS Remarks
This exceptional 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.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. (id:60351)
Full Listing Details
Address4718 College Avenue
MLS#A2213994
Listing StatusActive
Property TypeResidential
Sub-TypeMulti-family
TransactionSale
Days on Market534
Common InterestFreehold
Annual Tax$5,877 (2024)
Parking5 (5 garage)
Parking TypeAttached Garage, Detached Garage, RV
Structure TypeMulti-Family
AttachedAttached
StyleMultiplex
Year Built1971
Living Area3,527 sqft
Above Grade Area3,527 sqft
CityLacombe
NeighbourhoodCollege Heights
ProvinceAlberta
Postal CodeT4L1Z1
SubdivisionCollege Heights
Zoning DetailsR4
Total Parking5
Garage Spaces5
Parking FeaturesAttached Garage, Detached Garage, RV
HeatingForced air, Other, Hot Water
BasementPartial
FlooringTile, Carpeted, Linoleum
FoundationPoured Concrete
AppliancesRefrigerator, Stove, Garage door opener, Washer & Dryer
ExteriorVinyl siding
FireplaceYes (1)
Annual Tax$5,877 (2024)
Looking for Something Similar?
We can help you find properties matching your criteria, including exclusive listings not yet on the market.
Save favorites, track showings, view sold data & get market alerts — Free account — 100% free
