Located at 4718 College Avenue in Lacombe, this well-maintained and fully tenanted 4-plex presents an excellent investment opportunity in a great location, just steps from the university. With a solid rental history and thoughtful updates throughout, this property is ideal for both seasoned investors and newcomers seeking strong cash flow.
Unit 1 is a spacious 3-bedroom, 2.5-bathroom unit with an attached single garage, gas fireplace, large laundry room with sink, and updated carpet. Units 2, 3, and 4 offer a variety of layouts including loft-style bedrooms and open floorplans, each with 1–2 bedrooms and shared access to a laundry room and large storage area. Unit 2 includes updated windows and bathroom finishes, while Unit 4 features an attached single garage, updated bathroom, and forced-air heating. Units 1–3 are heated with hot water baseboards.
The property also includes a detached, heated double garage—split between units 2 and 3—and a separately rented motorhome garage, providing additional revenue potential. Electrical in the detached garage was updated just two years ago, and the entire building received new shingles and siding approximately seven years ago, reducing future maintenance concerns.
Each unit is currently rented, minimizing vacancy risk and ensuring immediate income for the new owner. With functional updates, strong tenant appeal, and extra rental components, this 4-plex is a rare find in a growing community. Don't miss this opportunity to add a high-performing asset to your portfolio.More details
This stunning bungalow has so much to offer and has plenty of custom upgrades that you will appreciate. You are welcomed by the large tiled entry way that leads to the open concept main living area. The kitchen offers granite counter tops, extra undermount lighting on the top & bottom of cupboards, & bar seating at the counter. High 12' ceilings help bring in the natural light and the large picture window looks out to views of Henner's pond and the green space in the back yard. The gas fireplace and reclaimed wood mantle add extra warmth to the living room. A door leading to the oversized composite deck extends the living area to the outside. The main floor primary bedroom creates an oasis with a walk-in closet, double doors providing access to the deck, and a five piece ensuite with air jet tub, double vanity with cupboard towers, and extra lighting. Completing the main floor is the office/den by the front entry with custom closet shelving, a two piece bath with granite countertops & upgraded fixtures, and laundry room with granite countertops, sink, and extra storage with floor to ceiling cabinets. The walk-out basement will continue to impress with a wet bar with dishwasher & full size fridge and doorway to the oversized aggregate patio. The media room/family room provides additional space for evenings and home and underfloor heat makes the basement even cozier. There are two more bedrooms in the basement, a four piece bath, storage room, & large utility room completing the basement. The double attached garage offers additional storage space and an extended landing deck. A true gem of this property is the views to Henner's Pond from both upstairs & downstairs and the oversized deck & patio in which to enjoy the outdoors without all the yard work.More details
This 4 bedroom/4 bath fully finished 2 storey condo is an ideal choice for first-time homebuyers or investors. The unit comes with TWO assigned parking stalls. You will appreciate the functional floor plan of this beautiful home. A 2-piece bath is conveniently located near the front entry, along with a private office perfect for reading or working. The kitchen/dining area is designed to be a favorite spot any time of day, especially in the morning when the sun shines in, creating an inviting atmosphere to enjoy morning coffee inside or outside on the back deck. The basement offers an additional spacious bedroom and a 3-piece washroom.More details
This 3bedroom/3 bath fully finished bi-level condo could be the perfect place for first home buyer or investor. This unit comes with TWO assigned parking stalls. You'll love the floor plan of this gorgeous home. There is a 2 pc bath conveniently located just off the front entry, and also an office to sit , read or do your business in private. . Kitchen/Dining area will be a favorite spot any time of day but especially in the morning coffee inside or out on the back decks. The basement is unfinish .More details
Data was last updated June 30, 2025 at 04:05 PM (UTC)
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