Real estate on your terms®
$665,000
active
4718 College Avenue
Lacombe
,
AB
T4L1Z1
Key Details
- MLS® Number:
- A2213994
- Community:
- College Heights
- Building Type:
- Multi-Family
- Interior Size:
- 3527 square feet
- Parking:
- 5
- Parking Features:
- Attached Garage, Detached Garage, RV
- Attached:
- Yes
Property Description
This exceptional 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 3 has new carpet in living room and primary bedroom. 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.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:53430)
Building
- Property Type:
- Multi-Family
- Building Type:
- Multi-Family
- Year Built:
- 1971
- Basement:
- Partial
Finished Areas
- Interior Size (Total):
- 3527 square feet
- Above Grade:
- 3527 square feet
Interior
- Flooring:
- Tile, Carpeted, Linoleum
- Appliances:
- Refrigerator, Stove, Garage door opener, Washer & Dryer
Parking
- Spaces:
- 5
- Features:
- Attached Garage, Detached Garage, RV
Exterior
- Exterior Features:
- Vinyl siding
- Foundation:
- Poured Concrete
Utilities & Mechanical
- Heating:
- Forced air, Other, Hot Water
Comfort & Security
- Fireplace(s):
- 1
Fees & Dates
- Property Taxes:
- $5,877
- Tax Year:
- 2024
- Last Modified:
- 08/14/2026 02:35:00 PM
- Status Change:
- 08/14/2026 02:26:19 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.
