A2213994 - 4718 College Avenue , Lacombe, Alberta T4L 1Z1




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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.





DOWNLOAD Feature sheet

ESSENTIAL
MLS®:A2213994
Price:669,000.00
Type:Multi-Family
Sub Type:4 plex
Style:2 Storey
Total Sqft:3527 Sqft.
RestrictionsNone Known
DOM131
INTERIOR SNAPSHOT   
Flooring:Carpet, Linoleum, Tile
Heating:Forced Air, Hot Water, Varies by Unit
Basement:Partial


COMMUNITY DETAILS
Address:4718 College Avenue , Lacombe, Alberta T4L 1Z1
City:Lacombe
Subdivision:College Heights
County:Lacombe
Province:Alberta
Postal Code:T4L 1Z1
School: Schools
Housing:Housing Market
Statistics:Real Estate Statistics
EXTERIOR
Year Built:1971
Structure Type:Four Plex
Foundation:Poured Concrete
Roof:Asphalt Shingle
Zoning:R4
Construction:Vinyl Siding
Parking Total:5
ROOM DIMENSIONS


Community Features: Playground, Schools Nearby, Street Lights, Walking/Bike Paths
Inclusions: Refrigerator (x4), Stive (x4), Washer (x2), Dryer (x2), Garage Controls (x3) Garage Remotes (x4), Shed
Lot Features: Landscaped
Parking Features: Double Garage Detached, RV Garage, Single Garage Attached



Courtesy: RE/MAX real estate central alberta








Sean Gillis - RE/MAX Grande Prairie

A2213994 4718 College Avenue
Agent reviews Cell: 780.897.3520
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Recent Customer Reviews
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It was a great experience to have Sean as our realtors. He moves fast, lots of communication of feedbacks during our showings.
Kassandra Lajeunesse - Buy/Sell

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Sean conducts his business in a transparent and honest way. He is available at any hour of the day. He always has a back up plan ready if the first plan falls through. This foresight / contingency is extremely valuable when working on tight timelines. Would recommend Sean to anyone who is need of Real Estate Agent services.
Riley Arguin - Buy


College Heights Housing Trends


September 17th 4:20pm

Agent reviews Cell: 780.897.3520

(89 Reviews)
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FAQs about 4718 College Avenue , Lacombe, Alberta, T4L 1Z1

4718 College Avenue MLS® A2213994 has an approximate size of 3,527 Sq. Ft. located in College Heights.

Nearby secondary schools include Schools & resources

There are 0 bedrooms and 0 bathrooms in this Multi-Family listing at 4718 College Avenue , MLS® A2213994.

This Multi-Family is priced at $669,000.

This property is located at 4718 College Avenue , Lacombe, Alberta, T4L 1Z1 in the College Heights community. View location on Google maps.

You can find new community resources, emergency phone numbers, crime statistics, and local news, similar homes & real estate information on our College Heights community resources page.