JN REAL ESTATE GROUP

NONE

LIST PRICE

$549,777

4904 51 Avenue , Eckville · T0M 0X0

2,120 SQFT · BUILT 1979

MLS A2317971 · 49 DAYS ON MARKET

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RE/MAX Complete Realty · Calgary

What this home — and yours — is really worth right now.

ABOUT THIS HOME

Investor Alert: Turnkey Cash-Flow Monster with a 19.8% Cash-on-Cash Return! Smart investors know that true wealth is built on low vacancy, strong yields, and massive tenant retention, and this exceptional Eckville fourplex delivers on all three. Boasting a jaw-dropping 15% cash-on-cash return, this rock-solid building features an ideal revenue-generating mix of three massive 3-bedroom suites and one spacious 2-bedroom unit. Unlike cramped modern builds, this property offers incredible square footage and tons of "elbow room" that keeps tenants happy and staying long-term. In fact, two previous tenants loved living here so much they stayed for over 19 years, proving the ultimate stability of this asset. Situated on a massive, prime corner lot, the property offers abundant off-street and street parking, plus a detached single-car garage that provides an easy opportunity for extra monthly revenue or landlord storage. The heavy lifting has already been done for you, 8 brand-new appliances installed just this week, alongside a highly efficient boiler system and hot water tanks that have been consistently upgraded over the years. Location is everything for a stress-free rental, and Eckville boasts an incredibly tight, near-zero vacancy rate hovering around 1%. Tenants will love being within walking distance to local shopping and restaurants, while commuters enjoy effortless highway access—just a quick 20-minute drive to the booming lakeside community of Sylvan Lake, 30 minutes to Rocky Mountain House, and an easy 40 minutes into Red Deer. If you are looking for an affordable, high-yielding addition to your portfolio where the numbers actually make sense from day one, this is the pride-of-ownership building you’ve been waiting for.

DETAILS

INTERIOR

LIVING AREA (SQFT)
2,120

BUILDING

TYPE
4 plex
YEAR BUILT
1979

PARKING

GARAGE SPACES
1
TOTAL PARKING
4
PARKING
Off Street · Single Garage Detached

LOT & EXTERIOR

LOT SIZE (SQFT)
6,243
LOT SIZE (ACRES)
0.14
LOT
Back Yard · City Lot · Corner Lot · Landscaped · Lawn
FENCING
None

COMMUNITY

COMMUNITY
NONE
ZONING
R2
POSTAL CODE
T0M 0X0

UTILITIES & COSTS

HEATING
Hot Water · Natural Gas
ANNUAL TAXES
$4,290

LISTING COURTESY OF PENNY KANDER · REALTY EXECUTIVES ALBERTA ELITE

DATA PROVIDED BY PILLAR 9. DISPLAYED BY JN REAL ESTATE GROUP · RE/MAX COMPLETE REALTY.