For Sale: 4904 51 Avenue, Eckville, AB - REW
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$549,777
0 bd • ba • 2120 sf • Fourplex
4904 51 Avenue
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$549,777
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4904 51st AvenueEckville, AB, T0M 0X0

  • 0 Bed
  • Bath
  • 2120 Sqft
  • Fourplex

About this home

Investor Alert: Turnkey Cash-Flow Monster with a 15% 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.
Listed by: Penny Kander, Realty Executives Alberta Elite

Home facts and features

Price details
List Price
$549,777
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Home facts
Bedrooms
0
Full Bathrooms
Parking Spaces
1
Property Type
Fourplex
Lot Size
6099 ft²
Year Built
Built in 1979 (47 yrs old)
Heating Type
Hot Water,Natural Gas
Features
Back Yard, City Lot, Corner Lot, In Unit, Landscaped, Lawn
Agent details
Primary Agent
Primary Broker
Realty Executives Alberta Elite
Secondary Agent
Secondary Broker
Realty Executives Alberta Elite
Listing details
Days on REW
1 Day
MLS® Number
A2317971
Source
Pillar 9
Board
Central Alberta REALTORS® Association
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Eckville Junior Senior High School
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Eckville Elementary School
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Condor Elementary School
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David Thompson School
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Leslieville Elementary School
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Sylvan Meadow Adventist School
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Mother Teresa
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École Fox Run School
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Beacon Hill Elementary School
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École H.J. Cody High School
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Call Agent
Penny Kander
Phone:
(403) 342-4455
Office:
403-342-4455
Bryce Kander
Phone:
(403) 342-4455
Office:
403-342-4455
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