4718 College AVE Active Save Request In-Person Tour Request Virtual Tour
Lacombe,AB T4L 1Z1
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Square Footage 3,527 sqft
Price per Sqft $212
Subdivision College Heights
MLS Listing ID A2213994
Style 2 Storey
Year Built 1971
Annual Tax Amount $5,877
Tax Year 2024
Property Sub-Type 4 plex
Source Central Alberta
Property Description
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.
Location
Province AB
County Lacombe
Zoning R4
Rooms
Basement Partial
Interior
Interior Features Ceiling Fan(s),Storage
Heating Forced Air,Hot Water,Varies by Unit
Flooring Carpet,Linoleum,Tile
Fireplaces Number 1
Fireplaces Type Gas,Living Room
Inclusions Refrigerator (x4), Stive (x4), Washer (x2), Dryer (x2), Garage Controls (x3) Garage Remotes (x4), Shed
Appliance Garage Control(s),Refrigerator,Stove(s),Washer/Dryer
Exterior
Parking Features Double Garage Detached,RV Garage,Single Garage Attached
Garage Spaces 5.0
Garage Description Double Garage Detached,RV Garage,Single Garage Attached
Community Features Playground,Schools Nearby,Street Lights,Walking/Bike Paths
Roof Type Asphalt Shingle
Total Parking Spaces 5
Building
Lot Description Landscaped
Foundation Poured Concrete
Architectural Style 2 Storey
Structure Type Vinyl Siding
Others
Restrictions None Known
Tax ID 93812139
Ownership Private
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