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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 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.


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
DOM179
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


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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 schools include read Schools & resources

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

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

This property is located at 4718 College Avenue , Lacombe, Alberta, T4L 1Z1 in the College Heights community on the market for 179 days. 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.