Real estate on your terms®
$599,900
active
4908 54 Avenue
High Prairie
,
AB
T0G1E0
Key Details
- MLS® Number:
- A2287491
- Building Type:
- Multi-Family
- Interior Size:
- 1779 square feet
- Parking:
- 8
- Parking Features:
- Other, Street, Shared
- Lot Size:
- 566.0 square meters
- Attached:
- Yes
Property Description
Investor ALERT in High Prairie!!! Featuring an INCREDIBLE 11.3% Cap Rate + STRONG Cash Flow + SOLID UPGRADES throughout!!!This WELL-MAINTAINED Bi-level 4-Plex sits on a LARGE 6,092 Sq Ft lot and offers 3,558 Sq Ft of Total Developed LIVING SPACE. Designed for CONSISTENT Rental Demand and EASE of Management, this TURN-KEY opportunity delivers both excellent upside and LONG-TERM stability.The property features 4 RENTED units generating a total MONTHLY INCOME of $4,825. The 2 top-floor units each offer 756 Sq Ft, while the 2 lower units each provide 646 Sq Ft — a FUNCITONAL layout that supports STRONG OCCUPANCY and STEADY CASH FLOW!!!This property has had LOTS OF WORK put into it - w/SIGNIFICANT Updates + MAJOR Improvements already completed, making it a STRONG, LOW-MAINTENANCE investment opportunity!!! Shingles Replaced 2013, NEWER VINYL FLOORING + Tiled flooring throughout, NEWER Windows + Doors, NEWER Vanities, + EXTERIOR IMPROVEMENTS Include New SIDING on the FRONT + a FRESHLY Painted Deck.MAJOR MECHANICAL UPDATES for peace of mind: FURNACES (2026 and 2022 Years Old) + Hot Water Tanks (2022 + 2023) + APPLIANCE UPDATES: Stoves (2018 +2025), Fridges (2016 + 2019 + 2024).STRONG INCOME. BIG LOT. IMPRESSIVE RETURNS.Add this CASH-FLOWING asset to your portfolio TODAY!!! (id:53430)
Building
- Property Type:
- Multi-Family
- Building Type:
- Multi-Family
- Style:
- Bi-level
- Year Built:
- 1993
- Basement:
- Finished, Full
Finished Areas
- Interior Size (Total):
- 1779 square feet
- Above Grade:
- 1779 square feet
Interior
- Flooring:
- Tile, Laminate, Vinyl Plank
- Appliances:
- Washer, Refrigerator, Stove, Dryer, Hood Fan
Parking
- Spaces:
- 8
- Features:
- Other, Street, Shared
Lot / Land
- Lot Size:
- 566.0 square meters
- Frontage:
- 15.2 meters
- Lot Features:
- Back lane, PVC window, Level
Exterior
- Exterior Features:
- Vinyl siding
- Construction:
- Wood frame
- Foundation:
- Poured Concrete
- Fencing:
- Not fenced
Utilities & Mechanical
- Heating:
- Forced air, Natural gas
- Cooling:
- None
- Utilities:
- Water, Sewer, Natural Gas, Electricity, Telephone
Comfort & Security
- Security:
- Smoke Detectors
Fees & Dates
- Property Taxes:
- $3,816
- Tax Year:
- 2026
- Last Modified:
- 08/11/2026 05:55:01 PM
- Status Change:
- 08/11/2026 05:48:41 PM
Association / Ownership
- Common Interest:
- Freehold
Location
Data is supplied by Pillar 9 MLS® System. Pillar 9 is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
