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- 4 plex, Lacombe, 725,000$, 0 Beds, 0 Baths – 100054714
4 plex for Sale at 4718 College Avenue, Lacombe, Alberta T4L 1Z1, Lacombe
Address
4718 College Avenue, Lacombe, Alberta T4L 1Z1
Lacombe
Property Type
4 plex
Price
725,000 $
Property Overview
MLS#
100054714
Property Type
4 plex
City
Lacombe
Postal Code
T4L 1Z1
Sqr Footage
3527
Bedrooms
0
Price
725,000 $
Status
Active
Year Built
1971
Last Modified
2025-07-16T20:25:04Z
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.
Tammy Polley
RE/MAX real estate central alberta
Listed By
RE/MAX real estate central alberta
Walk Score ®
30
Car-Dependent
Bike Score ®
42
Somewhat Bikeable
Transit Score ®
N/A
