4718 College Avenue, Lacombe
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. (id:1945)
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Property details for 4718 College Avenue, Lacombe
- Type
- Multi-family
- Living Area
- 3,527 square feet
- Basement
- Partial
- Parking
- Attached Garage, Detached Garage, RV
- Heating
- Forced air, Other, Hot Water
- Exterior
- Vinyl siding
- Ownership
- Freehold
- Annual Taxes
- $5,877 (2024)
Nearby Listings Stat
Estimated price and comparable properties near 4718 College Avenue
Active Listings
62
Min Price
$140,000
Max Price
$1,750,000
Avg Price
$358,474
Days on Market
563
days
Sold Listings
14
Min Sold Price
$255,000
Max Sold Price
$559,900
Avg Sold Price
$423,257
Days until Sold
59
days
Price History
Listed
May 9, 2025
by RE/MAX real estate central alberta
Current Price
$660,000
-0.8% from last change
Type
Multi-family
For Sale
Price Changes
2
| Date | Price | Change |
|---|---|---|
| Current | $660,000 | $5,000 (-0.8%) |
| Aug 31, 2026 | $665,000 | $4,000 (-0.6%) |
| Jun 5, 2026 | $669,000 | Listed |
