$665,000
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4718 College Avenue, Lacombe, AB T4L1Z1

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- Beds
0 Baths
3,527 Sq Ft

This exceptional 4-plex is ideally located just steps from the university in one of Lacombes most desirable neighborhoods. With a solid rental history, thoughtful updates, and a unique layout, this property offers incredible flexibilitywhether youre 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 youre investing or looking to live in your investmentthis 4-plex delivers. (id:58753)

Listing By: Tammy Polley - RE/MAX real estate central alberta cncrea2 Realty.com
  • MLS® A2213994
  • Date Listed05/09/2025
  • Days on Realty 393 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Subdivision College Heights
  • Year Built 1971
  • Square Feet 3,527 sq. ft
  • Price Per Sq. Ft $188.55

Interior Features

  • Appliances Refrigerator, Stove, Garage door opener, Washer & Dryer
  • Flooring Tile, Carpeted, Linoleum
  • Heating Forced air, Other, Hot Water

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T4L1Z1

Discover key demographics, population statistics, and environmental insights for the Lacombe, AB area.

Walkability in AB / T4L1Z1

Source: Walk Score

30/100

Car-Dependent

Walk Score ®

0/100

Minimal Transit

Transit Score ®

41/100

Bikable

Bike Score ®

Overview

Most errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 22/100, Transit Score: 0/100, Bike Score: 36/100.

Points of Interest near 4718 College Avenue, Lacombe, AB T4L1Z1

Frequently Asked Questions for 4718 College Avenue

Source: Realty.com

4718 College Avenue, Lacombe, AB T4L1Z1 in College Heights, Lacombe, AB T4L1Z1 is a multi family listed at $665,000. Highlights include 3,527 sq. ft., built in 1971, $189 per sq. ft.. Realty.ca has 50 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 50 photos of 4718 College Avenue.

Our records indicate that 4718 College Avenue was built in 1971.

The full address for this home is 4718 College Avenue, Lacombe, AB T4L1Z1.

4718 College Avenue has been listed on Realty.com since Fri May 09, 2025

Most errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 22/100, Transit Score: 0/100, Bike Score: 36/100.

Listing provided courtesy of: RE/MAX real estate central alberta
Listing agent: Tammy Polley

This content last refreshed on 2026-06-06 20:53:21. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.