4718 College AVE Lacombe, AB T4L 1Z1
3,527 SqFt
UPDATED:
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
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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