CAABLacombeCollege Heights4718 College Avenue

4718 College Avenue, Lacombe, AB

House

For Sale

Listed price in listed location currency (CAD).

$665,000

005

MLS® A2213994

Overview

Key Facts

Type Quadruplex

Levels Residential Income

Size 3527 sqft

Garage Yes

Taxes

Days Active 476

Lot Size

Approx. Age 1971

Avg. Price Per Sqft $188

MLS® Number A2213994

Property Address: 4718 College Avenue, Lacombe, AB, T4L1Z1

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® NumberA2213994

Laundry Level

Central VacNo

FireplaceYes

Acreage

Exterior

GarageYes

Approx. Age1971

BasementPartial

DrivewayDouble Garage Detached, RV Garage, Single Garage Attached

Garage Spaces

HeatForced Air, Hot Water, Varies by Unit

A/C

Extras

Refrigerator (x4), Stive (x4), Washer (x2), Dryer (x2), Garage Controls (x3) Garage Remotes (x4), Shed

Map

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