AB > Lacombe > College Heights
Lacombe, AB T4L 1Z1,4718 College AVE
Lacombe, AB T4L 1Z1,4718 College AVE
Lacombe, AB T4L 1Z1,4718 College AVE
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Ken Rigel

Ken Rigel

+1(403) 207-1748
$669,000
Est. payment /mo
3,527 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 4 plex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3527.0

Square Footage 3,527 sqft

Price per Sqft $189

Subdivision College Heights

MLS Listing ID A2213994

Style 2 Storey

HOA Y/N No

Year Built 1971

Property Sub-Type 4 plex

Property Description

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.

Location

Province AB

County 0194

Community Playground, Schools Nearby, Street Lights, Walking/Bike Paths

Zoning R4

Rooms

Basement Partial

Interior

Interior Features Ceiling Fan(s), Storage

Heating Forced Air, Hot Water, Varies by Unit

Flooring Carpet, Linoleum, Tile

Fireplaces Number 1

Fireplaces Type Gas, Living Room

Inclusions Refrigerator (x4), Stive (x4), Washer (x2), Dryer (x2), Garage Controls (x3) Garage Remotes (x4), Shed

Fireplace Yes

Appliance Garage Control(s), Refrigerator, Stove(s), Washer/Dryer

Exterior

Parking Features Double Garage Detached, RV Garage, Single Garage Attached

Garage Spaces 5.0

Community Features Playground, Schools Nearby, Street Lights, Walking/Bike Paths

Roof Type Asphalt Shingle

Total Parking Spaces 5

Garage Yes

Building

Lot Description Landscaped

Dwelling Type Four Plex

Foundation Poured Concrete

Architectural Style 2 Storey

Others

Restrictions None Known

Virtual Tour https://unbranded.youriguide.com/4718_college_ave_lacombe_ab/

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Listed by RE/MAX real estate central alberta
agent

Ken Rigel

Team Lead

+1(403) 207-1748

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