4718 College Avenue, Lacombe

Living area: 3527 square feet
Added: 3 months ago
Updated: 1 day ago
Last Checked: 1 day ago
Listed by: RE/MAX real estate central alberta
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Listing description
This Other at 4718 College Avenue Lacombe, AB with the MLS Number a2213994 listed by Tammy Polley - RE/MAX real estate central alberta on the Lacombe market 3 months ago at $669,000.

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. (id:1945)

Property Details Key information about 4718 College Avenue

Heating:
- Forced air
- Other
- Hot Water
Structure Type: Multi-Family
Exterior Features: Vinyl siding

Interior Features Discover the interior design and amenities

Basement: Partial
Appliances:
- Refrigerator
- Stove
- Garage door opener
- Washer & Dryer
Fireplaces Total: 1

Exterior & Lot Features Learn about the exterior and lot specifics of 4718 College Avenue

Parking Features:
- Attached Garage
- Detached Garage
- RV

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Nearby Listings Stat Estimated price and comparable properties near 4718 College Avenue

Active listings

Min Price

$53,000

Max Price

$1,450,000

Avg Price

$382,270

Days on Market

525 days

Sold listings

Min Sold Price

$65,000

Max Sold Price

$1,575,000

Avg Sold Price

$505,814

Days until Sold

40 days

Nearby Places Nearby schools and amenities around 4718 College Avenue

College Heights Christian School (0.4 km)
5201 College Ave, Lacombe

Parkview Adventist Academy (0.5 km)
251 Ave, Lacombe

Canadian University College (0.7 km)
5415 College Ave, Lacombe

Lacombe Junior High School (1.9 km)
5830-50 Street Lacombe, Alberta Canada T4L 1G5

James S McCormick School (2.1 km)
5424 50 St, Lacombe

École Lacombe Composite High School (2.3 km)
5628 56 Ave, Lacombe

Father Lacombe Catholic School (2.3 km)
5114 54 Ave, Lacombe

Central Alberta Christian High School (2.6 km)
22 Eagle Rd, Lacombe

Lacombe Airport (1.1 km)
Lacombe

Lacombe Co-op (1.6 km)
5842 Hwy 2A, Lacombe

Boston Pizza (1.6 km)
5846 Hwy 2A, Lacombe

Joey's Seafood Restaurants Lacombe (1.8 km)
1, 5832 Highway 2a, Lacombe

JP's (2.4 km)
5240 45 St, Lacombe

Eastside Eatery (2.6 km)
5210 Wolf Creek Dr, Lacombe

Salt Restaurant (2.8 km)
5103 49 St, Lacombe

DAIRY QUEEN BRAZIER (2.5 km)
5263 45 St, Lacombe

Lacombe IGA (2.6 km)
5115 48 St, Lacombe

Sobeys (2.6 km)
5115 48 St, Lacombe

Price History

Listed

May 9, 2025

by RE/MAX real estate central alberta

For Sale

$669,000

4718 College Avenue, Lacombe

Listing description This Other at 4718 College Avenue Lacombe, AB with the MLS Number a2213994 listed by Tammy Polley - RE/MAX real estate central alberta on the Lacombe market 3 months ago at $669,000.

Nearby Listings Stat Estimated price and comparable properties near 4718 College Avenue

Nearby Places Nearby schools and amenities around 4718 College Avenue

Price History

Similar Other For Sale

Listing description
This Other at 4718 College Avenue Lacombe, AB with the MLS Number a2213994 listed by Tammy Polley - RE/MAX real estate central alberta on the Lacombe market 3 months ago at $669,000.