4718 College Ave

For Sale 152 Days
$669,000
beds
baths
3,527 Sqft

4718 College Ave

For Sale 152 Days
$669,000
beds
baths
3,527 Sqft

Highlights

Key insights

Description

  • Home value ($/Sqft)
    $190/Sqft
  • Time on Houseful
    152 days
  • Property type
    Multi-family
  • Median school Score
  • Year built
    1971
  • Garage spaces
    3
  • Mortgage payment

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. (id:63267)

Tammy Polley of RE/MAX real estate central alberta,
#A2213994
updated 9 hours ago.
Houseful checked MLS® for data 9 hours ago.

Home overview

Amenities / Utilities
  • Heat type
    Forced air, hot water, other
Exterior
  • # garage spaces
    3
  • # parking spaces
    5
  • Has garage (y/n)
    Yes
Interior
  • Flooring
    Carpeted, linoleum, tile
  • Has fireplace (y/n)
    Yes
Location
  • Subdivision
    College heights
  • Directions
    2160209
Lot/ Land Details
  • Lot desc
    Landscaped
Overview
  • Lot size (acres)
    0.0
  • Building size
    3527
  • Listing #
    A2213994
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28287032/4718-college-avenue-lacombe-college-heights
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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