4718 College Avenue Lacombe, Alberta T4L 1Z1
$725,000
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:60626)
Property Details
| MLS® Number | A2213994 |
| Property Type | Multi-family |
| Community Name | College Heights |
| Amenities Near By | Playground, Schools |
| Parking Space Total | 5 |
| Plan | 0022895 |
Building
| Appliances | Refrigerator, Stove, Garage Door Opener, Washer & Dryer |
| Basement Type | Partial |
| Constructed Date | 1971 |
| Exterior Finish | Vinyl Siding |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Flooring Type | Carpeted, Linoleum, Tile |
| Foundation Type | Poured Concrete |
| Heating Type | Forced Air, Hot Water, Other |
| Size Interior | 3,527 Ft2 |
| Total Finished Area | 3527 Sqft |
| Type | Multi-family |
Parking
| Detached Garage | 2 |
| R V | |
| Attached Garage | 1 |
Land
| Acreage | No |
| Land Amenities | Playground, Schools |
| Landscape Features | Landscaped |
| Size Total Text | Unknown |
| Zoning Description | R4 |
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July 27 2025 12:07:13
Central Alberta REALTORS® Association
RE/MAX Real Estate Central Alberta
