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smartPRO RealtyRajesh Babunaidu, REALTOR®
  • 4718 College Avenue, photo 1 of 50
  • 4718 College Avenue, photo 2 of 50
  • Unit 1 Foyer
  • Unit 1 Living Room
  • Unit 1
  • Unit 1
  • Unit 1 Dining Room
  • Unit 1 Kitchen
  • Unit 1 Kitchen & Breakfast Nook
  • Unit 1
  • Unit 1 Primary Bedroom
  • Unit 1 Primary Bedroom & Ensuite Bathroom
  • Unit 1 Primary Bedroom
  • Unit 1 Primary Bedroom & Ensuite
  • Unit 1 Laundry Room
  • Unit 1 3 Pc Bathroom
  • Unit 1 Bedroom
  • Unit 1 Office
  • Unit 2 Living/Dining Area
  • Unit 2 Open Concept
  • Unit 2
  • Unit 2
  • Unit 2 Bedroom
  • Unit 2 Bathroom
  • Unit 3 Living Room
  • Unit 3 Open Concept Living, Dining and Kitchen
  • Unit 3 Bedroom 1
  • Unit 3 Bedroom 2 Loft Style
  • Unit 3 Bedroom
  • Unit 3 Bathroom
  • Unit 4
  • Unit 4 Living Room
  • Unit 4 Den
  • 4718 College Avenue, photo 34 of 50
  • Unit 4 Kitchen
  • Unit 4 Primary Bedroom
  • Unit 4 Bathroom
  • Unit 4 Second Bedroom
  • Shared Laundry Units 2,3,4
  • 4718 College Avenue, photo 40 of 50
  • 4718 College Avenue, photo 41 of 50
  • Tall RV Garage Rented Separate
  • Shorter Side of Garage For Tenants
  • 4718 College Avenue, photo 44 of 50
  • Detached Double Garage
  • 4718 College Avenue, photo 46 of 50
  • 4718 College Avenue, photo 47 of 50
  • 4718 College Avenue, photo 48 of 50
  • 4718 College Avenue, photo 49 of 50
  • 4718 College Avenue, photo 50 of 50

$660,000

4718 College Avenue

College Heights, Lacombe

  • 3,527 sq ft

About this home

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:67770)

Facts

Living area
3,527 sq ft
Home type
Multi-Family
Year built
1971
Parking
5
Property taxes
$5,877 (2024)
MLS® number
A2213994

Features

Heating
Forced air, Other, Hot Water
Basement
Partial
Flooring
Tile, Carpeted, Linoleum
Appliances
Refrigerator, Stove, Garage door opener, Washer & Dryer
Parking
Attached Garage, Detached Garage, RV
Exterior Features
Vinyl siding

Location

Listed by RE/MAX real estate central alberta

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Listing data is supplied by the CREA Data Distribution Facility (DDF®). It is deemed reliable but not guaranteed and should be independently verified. It is provided for consumers’ personal, non-commercial use to identify properties they may be interested in purchasing.