4718 College AVE new 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 $219
Subdivision College Heights
MLS Listing ID A2213994
Style 2 Storey
Year Built 1971
Property Sub-Type 4 plex
Property Description
Located at 4718 College Avenue in Lacombe, this well-maintained and fully tenanted 4-plex presents an excellent investment opportunity in a great location, just steps from the university. With a solid rental history and thoughtful updates throughout, this property is ideal for both seasoned investors and newcomers seeking strong cash flow.
Unit 1 is a spacious 3-bedroom, 2.5-bathroom unit with an attached single garage, gas fireplace, large laundry room with sink, and updated carpet. Units 2, 3, and 4 offer a variety of layouts including loft-style bedrooms and open floorplans, each with 1–2 bedrooms and shared access to a laundry room and large storage area. Unit 2 includes updated windows and bathroom finishes, while Unit 4 features an attached single garage, updated bathroom, and forced-air heating. Units 1–3 are heated with hot water baseboards.
The property also includes a detached, heated double garage—split between units 2 and 3—and a separately rented motorhome garage, providing additional revenue potential. Electrical in the detached garage was updated just two years ago, and the entire building received new shingles and siding approximately seven years ago, reducing future maintenance concerns.
Each unit is currently rented, minimizing vacancy risk and ensuring immediate income for the new owner. With functional updates, strong tenant appeal, and extra rental components, this 4-plex is a rare find in a growing community. Don't miss this opportunity to add a high-performing asset to your portfolio.
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
Community Features Playground,Schools Nearby,Street Lights,Walking/Bike Paths
Roof Type Asphalt Shingle
Total Parking Spaces 5
Building
Lot Description Landscaped
Dwelling Type Four Plex
Foundation Poured Concrete
Architectural Style 2 Storey
Structure Type Vinyl Siding
Others
Restrictions None Known
Tax ID 93812139
Virtual Tour https://unbranded.youriguide.com/4718_college_ave_lacombe_ab/