4718 College Avenue,Lacombe, AB T4L1Z1
Lacombe, AB T4L1Z1
Description
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:13843)
Details
| MLS # | A2213994 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1971 |
| Days On Site | 535 |
| Listing Provided By | RE/MAX real estate central alberta | Tammy Polley |
Features
| SQ Feet | 3,527 |
|---|---|
| Garage | 5 |
| Basement | Y |
| Zoning | R4 |
Interior
| Heating | Forced air, Other, Hot Water |
|---|---|
| Appliances | Refrigerator, Stove, Garage door opener, Washer & Dryer |
| Fireplace Yes / No | Yes |
| Fireplaces Total | 1 |
Exterior
| Foundation Details | Poured Concrete |
|---|
Parking
| Parking Features | Attached Garage, Detached Garage, RV |
|---|---|
| Parking Total | 5 |
Taxes
| Tax Annual Amount | 5877 |
|---|---|
| Tax Block | 1 |
| Tax Lot | 10 |
| Tax Year | 2024 |
Area Information
| Province | AB |
|---|---|
| City | Lacombe |
| Postal Code | T4L1Z1 |
| Community Name | College Heights |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | AB |
|---|---|
| City | Lacombe |
| Postal Code | T4L1Z1 |
| Community Name | College Heights |