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- 4 plex, Blackfalds, 675,000$, 0 Beds, 0 Baths – 98103262
4 plex for Sale at 5316 Lansdown, Blackfalds, Alberta T0m 0j0, Blackfalds
Address
5316 Lansdown, Blackfalds, Alberta T0m 0j0
Blackfalds
Property Type
4 plex
Price
675,000 $
Property Overview
MLS#
98103262
Property Type
4 plex
City
Blackfalds
Postal Code
T0M 0J0
Sqr Footage
2234
Bedrooms
0
Price
675,000 $
Status
Pending
Year Built
1978
Last Modified
2025-07-09T13:50:06Z
Property Description
. This attractive 4-plex in Blackfalds is listed at $675,000 and generates a gross rental income of $57,600 per year. With tenants covering all gas and electric costs via individual meters, the owner is responsible for water, sewer, and garbage services at approximately $350 per month (around $4,200 annually). Each unit features 2 bedrooms, with a 4-piece bathroom in the basement and a 2-piece bathroom on the main floor. Additional annual expenses include property taxes of $5,656, insurance of $4,934 (as reported last year), and minimal maintenance costs—about $1,000 in miscellaneous expenses in 2024. Management fees are set at 8.5% of the gross income, which comes to roughly $4,896 per year, and the property has enjoyed no vacancies in recent years. With these expenses, the net operating income comes to approximately $36,914, resulting in a cap rate of roughly 5.5%. Located beside both the Eagle Hockey Area and the Blackfalds Library, this property presents a compelling investment opportunity in a prime location.
Cordell Nielsen
Maxwell Real Estate Solutions Ltd.
Listed By
Maxwell Real Estate Solutions Ltd.
Walk Score ®
62
Somewhat Walkable
Bike Score ®
36
Somewhat Bikeable
Transit Score ®
N/A
