For Sale: 5012 54th Avenue, High Prairie, AB - REW
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$249,900
0 bd • ba • 1840 sf • Fourplex
5012 54th Avenue
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$249,900
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5012 54th AvenueHigh Prairie, AB, T0G 1E0

  • 0 Bed
  • Bath
  • 1840 Sqft
  • Fourplex

About this home

Presenting a turnkey, four-unit multifamily investment property ideally suited for investors seeking immediate, stable cash flow. This well-maintained 4-plex, built in 1970, features four spacious 460-square-foot one-bedroom units, offering an efficient and desirable floor plan for tenants. The property's strongest selling point is its impeccable occupancy and tenant stability: it is currently 100% leased, with a proven track record of long-term tenancy that significantly minimizes turnover costs and income disruption. Two of the units (Units 3 and 4) have been reliably rented by the same tenants since 2018, demonstrating both the property's desirability and the area's strong rental demand. Complementing this exceptional stability are the remaining units; Unit 1 has been occupied by a steady tenant for over two years, while Unit 2 rounds out the portfolio with a one-year tenancy. This diversified lease-up history means no short-term vacancies to worry about and no expensive marketing or renovation costs on the immediate horizon. The property's vintage 1970 construction speaks to its solid, durable build, and with all units currently generating consistent rental income, this offering provides an investor with a truly hassle-free acquisition. Whether you are expanding your portfolio or acquiring your first multifamily asset, this 4-plex delivers the rare combination of immediate returns, low risk, and long-term appreciation potential. Schedule your private showing today—a property with this level of tenant stability will not last long on the market.
Listed by: Misty Gaudet, Grassroots Realty Group - High Prairie

Home facts and features

Price details
List Price
$249,900
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Home facts
Bedrooms
0
Full Bathrooms
Property Type
Fourplex
Year Built
Built in 1960 (66 yrs old)
Appliances
Refrigerator, Stove
Agent details
Primary Agent
Primary Broker
Grassroots Realty Group - High Prairie
Listing details
Days on REW
4 Days
MLS® Number
A2327775
Source
Pillar 9
Board
Grande Prairie & Area Association of REALTORS®
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Property Insights

Prairie River Junior High School
  • n/a
  • -
E. W. Pratt High School
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Hillview School
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St. Francis Holistic Learning Centre
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High Prairie Elementary School
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Prairie View Outreach School
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St. Andrew's School
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Call Agent
Misty Gaudet
Phone:
(780) 523-0186
Office:
780-523-0186
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