4718 College Avenue
Lacombe T4L 1Z1
MLS® Number: A2213994
$ 750,000
0
BEDROOMS
0 + 0
BATHROOMS
3,527
SQUARE FEET
1971
YEAR BUILT
This exceptional and fully tenanted 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 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.
COMMUNITY | College Heights |
PROPERTY TYPE | 4 plex |
BUILDING TYPE | Four Plex |
STYLE | 2 Storey |
YEAR BUILT | 1971 |
SQUARE FOOTAGE | 3,527 |
BEDROOMS | 0 |
BATHROOMS | 0 |
BASEMENT | Partial |
AMENITIES | |
APPLIANCES | Garage Control(s), Refrigerator, Stove(s), Washer/Dryer |
COOLING | |
FIREPLACE | Gas, Living Room |
FLOORING | Carpet, Linoleum, Tile |
HEATING | Forced Air, Hot Water, Varies by Unit |
LAUNDRY | |
LOT FEATURES | Landscaped |
PARKING | Double Garage Detached, RV Garage, Single Garage Attached |
RESTRICTIONS | None Known |
ROOF | Asphalt Shingle |
TITLE | Fee Simple |
BROKER | RE/MAX real estate central alberta |
ROOMS | DIMENSIONS (m) | LEVEL |
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