For Sale: 4718 College Avenue, Lacombe, AB - REW
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$665,000
0 bd • ba • 3527 sf • Fourplex
4718 College Avenue
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$665,000
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4718 College AvenueLacombe, AB, T4L 1Z1

  • 0 Bed
  • Bath
  • 3527 Sqft
  • Fourplex

About this home

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.
Listed by: Tammy Polley, RE/MAX real estate central alberta

Home facts and features

Price details
List Price
$665,000
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Home facts
Bedrooms
0
Full Bathrooms
Parking Spaces
5
Property Type
Fourplex
Year Built
Built in 1971 (55 yrs old)
Style
2 Storey
Heating Type
Forced Air,Hot Water,Varies by Unit
Basement Details
Partial
Features
Ceiling Fan(s), Gas, Landscaped, Living Room, Schools Nearby, Street Lights, Walking/bike Paths
Amenities
Playground, Storage
Appliances
Garage Control(s), Refrigerator, Stove(s), Washer/Dryer
Agent details
Primary Agent
Primary Broker
RE/MAX real estate central alberta
Secondary Agent
Secondary Broker
RE/MAX real estate central alberta
Listing details
Days on REW
395 Days
Property Views
364
MLS® Number
A2213994
Source
Pillar 9
Board
Central Alberta REALTORS® Association
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Purchase Price
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

College Heights Christian School
  • n/a
  • -
  • In Catchment
Parkview Adventist Academy
  • n/a
  • -
  • In Catchment
École Lacombe Junior High School
  • n/a
  • -
  • In Catchment
Genesis Protestant Reformed School
  • n/a
  • -
  • In Catchment
École James S. McCormick School
  • n/a
  • -
  • In Catchment
Wolf Creek Academy
  • n/a
  • -
  • In Catchment
École Secondaire Lacombe Composite High School
  • n/a
  • -
  • In Catchment
Father Lacombe Catholic School
  • n/a
  • -
  • In Catchment
École Lacombe Upper Elementary School
  • n/a
  • -
  • In Catchment
Central Alberta Christian High School
  • n/a
  • -
  • In Catchment
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Tammy Polley
Phone:
(403) 596-8328
Office:
403-887-2217
Erin Wilkinson
Phone:
403-352-1948
Office:
403-887-2217
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