5139 48th Street new Save Request In-Person Tour Request Virtual Tour
Innisfail,AB T4G 1M2
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3968.0
Square Footage 3,968 sqft
Price per Sqft $327
Subdivision Central Innisfail
MLS Listing ID A2265569
Style 2 Storey
Year Built 2025
Property Sub-Type 4 plex
Property Description
This exceptional BRAND NEW 4-plex offers a rare chance to own a turnkey multi-family property in the heart of Innisfail. With a total of 3,968 sq. ft. above grade and an additional 1,736 sq. ft. below grade, the property combines style and functionality throughout. Each of the four units provides 1,426 sq. ft. of finished living space with a bright open-concept main floor featuring custom cabinetry, a large center island, granite countertops, and a convenient two-piece bathroom. Upstairs, both bedrooms are generously sized and include their own private four-piece ensuites, while the fully finished basement adds even more living space with a family room, an additional bedroom, laundry complete with washer and dryer and a full bathroom. In total, every unit offers three bedrooms and three and a half bathrooms, designed to meet the needs of modern living. The property is centrally located close to downtown and only one block from the town's schools, making it highly desirable for families and long-term tenants. The exterior is landscaped and includes parking pads for each unit, creating a low-maintenance and well-planned development. With 5,704 sq. ft. of total finished living space across all four units, this brand new build with Certified New Home Warranty is an outstanding opportunity for investors or owner-occupiers in one of Alberta's growing communities. Based on a market rent of $2000 per month (per unit) your gross cap rate would be 7.4% and combined with a 10 year new home warranty make for a worry free investment.
Location
Province AB
Zoning R-3
Rooms
Basement Full
Interior
Interior Features Closet Organizers,Granite Counters,Kitchen Island,No Animal Home,No Smoking Home,Open Floorplan,Pantry,Vinyl Windows
Heating High Efficiency,Forced Air,Natural Gas
Cooling None
Flooring Carpet,Vinyl Plank
Inclusions Fridge x 4, Stove x4, Dishwasher x 4, Over Range Microwave x 4, Washer and Dryer x 4
Fireplace No
Exterior
Exterior Feature None
Parking Features Off Street,Parking Pad
Roof Type Asphalt Shingle
Total Parking Spaces 4
Garage No
Building
Dwelling Type Four Plex
Story Two
Foundation Poured Concrete
Builder Name LAWRENCE DEVELOPMENTS LTD.
Architectural Style 2 Storey
Level or Stories Two
New Construction Yes
Others
Restrictions None Known