College Heights
FOR SALE
$660,000
PURCHASE PRICE
4718 College Avenue , Lacombe · T4L 1Z1
4 PLEX · 3,527 SQFT · BUILT 1971
MLS A2213994 · 479 DAYS ON MARKET
Interested in this commercial property?
JN Real Estate Group can clarify the listing, discuss whether the assignment fits and arrange a property visit when appropriate.
RE/MAX Complete Realty · Calgary
ABOUT THIS PROPERTY
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.
DETAILS
TRANSACTION
- TRANSACTION
- For Sale
INTERIOR
- LIVING AREA (SQFT)
- 3,527
- FEATURES
- Ceiling Fan(s) · Storage
- APPLIANCES
- Garage Control(s) · Refrigerator · Stove(s) · Washer/Dryer
- FLOORING
- Carpet · Linoleum · Tile
- FIREPLACE
- Gas · Living Room
- BASEMENT
- Partial
BUILDING
- TYPE
- 4 plex
- STYLE
- 2 Storey
- YEAR BUILT
- 1971
- CONSTRUCTION
- Vinyl Siding
- ROOF
- Asphalt Shingle
- FOUNDATION
- Poured Concrete
PARKING
- GARAGE SPACES
- 5
- TOTAL PARKING
- 5
- PARKING
- Double Garage Detached · RV Garage · Single Garage Attached
LOT & EXTERIOR
- LOT
- Landscaped
COMMUNITY
- COMMUNITY
- College Heights
- COMMUNITY FEATURES
- Playground · Schools Nearby · Street Lights · Walking/Bike Paths
- ZONING
- R4
- POSTAL CODE
- T4L 1Z1
UTILITIES & COSTS
- HEATING
- Forced Air · Hot Water · Varies by Unit
- ANNUAL TAXES
- $5,877