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$665,000
Alberta,Lacombe
For Sale Active
4718 College Avenue, Lacombe, Alberta T4L1Z1
  • 3,527 Sqft
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Basic Details
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:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: A2213994
  • Price: $665,000
  • Square Footage: 3,527 Sqft
  • Year Built: 1971
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 48014
Features & Appliances
Features
  • Heating System: Forced air, Hot Water, Other
  • Basement: Partial
  • Parking: Detached Garage, RV, Attached Garage
  • Exterior Features: Vinyl siding
  • Flooring: Tile, Carpeted, Linoleum
  • Fireplaces Total: 1
Address Map
  • Location: CA, Alberta, Lacombe, College Heights, T4L1Z1
  • Street: College
  • Street Number: 4718
  • Street Suffix: Avenue
  • Longitude: W114° 16' 20''
  • Latitude: N52° 29' 21.9''
Additional Information
  • Foundation Details:
Financial
  • Tax Annual Amount: 5877
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Listing updated: 2026-06-13 19:56:44
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Listing Information
  • List Agent Key: 2077956
  • List Office Key: 48014
  • Modification Timestamp: 2026-06-13T13:35:01Z
  • Originating System Name: Central Alberta REALTORS® Association
  • Status Change Timestamp: 2026-06-13T13:27:43Z
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Listing updated: 2026-06-13 19:56:44
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