4908 54 Avenue
High Prairie T0G 1E0
MLS® Number: A2287491
$ 599,900
0
BEDROOMS
0 + 0
BATHROOMS
1,779
SQUARE FEET
1993
YEAR BUILT
Investor ALERT in High Prairie!! Featuring an INCREDIBLE 11.3% Cap Rate + STRONG Cash Flow + SOLID UPGRADES throughout!! This WELL-MAINTAINED Bi-level 4-Plex sits on a LARGE 6,092 Sq Ft lot and offers 3,558 Sq Ft of Total Developed LIVING SPACE. Designed for CONSISTENT Rental Demand and EASE of Management, this TURN-KEY opportunity delivers both excellent upside and LONG-TERM stability. The property features 4 RENTED units generating a total MONTHLY INCOME of $4,825. The 2 top-floor units each offer 756 Sq Ft, while the 2 lower units each provide 646 Sq Ft — a FUNCITONAL layout that supports STRONG OCCUPANCY and STEADY CASH FLOW!!! This property has had LOTS OF WORK put into it - w/SIGNIFICANT Updates + MAJOR Improvements already completed, making it a STRONG, LOW-MAINTENANCE investment opportunity!!! Shingles Replaced 2013, NEWER VINYL FLOORING + Tiled flooring throughout, NEWER Windows + Doors, NEWER Vanities, + EXTERIOR IMPROVEMENTS booked for April!! MAJOR MECHANICAL UPDATES for peace of mind: FURNACES (15 and 4 Years Old) + Hot Water Tanks (2022 + 2023) + New Board (2024) APPLIANCE UPDATES: Stoves (2018 +2025), Fridges (2016 + 2019 + 2024). STRONG INCOME. BIG LOT. IMPRESSIVE RETURNS. Add this CASH-FLOWING asset to your portfolio TODAY!!
| COMMUNITY | |
| PROPERTY TYPE | 4 plex |
| BUILDING TYPE | Four Plex |
| STYLE | Up/Down, Bi-Level |
| YEAR BUILT | 1993 |
| SQUARE FOOTAGE | 1,779 |
| BEDROOMS | 0 |
| BATHROOMS | 0 |
| BASEMENT | Full |
| AMENITIES | |
| APPLIANCES | Dryer, Electric Stove, Range Hood, Refrigerator, Washer |
| COOLING | None |
| FIREPLACE | N/A |
| FLOORING | Laminate, Tile, Vinyl Plank |
| HEATING | Forced Air, Natural Gas |
| LAUNDRY | Common Area, Electric Dryer Hookup, In Hall, Multiple Locations, Washer Hookup |
| LOT FEATURES | Back Lane, Few Trees, Front Yard, Lawn, Level, Low Maintenance Landscape, Near Shopping Center, Rectangular Lot |
| PARKING | Alley Access, Common, Off Street, On Street, Outside, Parking Lot, Unpaved |
| RESTRICTIONS | None Known |
| ROOF | Asphalt Shingle |
| TITLE | Fee Simple |
| BROKER | RE/MAX House of Real Estate |
| ROOMS | DIMENSIONS (m) | LEVEL |
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