0.6 km
Distance
-
Beds
0
Baths
193
Sq Ft
Attention investorsthis income-producing Ponoka fourplex offers four rental suites generating approximately $6, 000 per month and $72, 000 in annual gross rental income. The current suite mix includes two 2-bedroom lower suites rented at $1, 200 per month each, one 3-bedroom main-floor suite rented at $1, 400 per month, and a recently renovated suite rented at $2, 200 per month with utilities included. Three of the four suites are responsible for their own natural gas and electricity, while the owner pays water for the property. The building has benefited from extensive improvements throughout. All suites have received updates including fresh paint, flooring, and electrical and plumbing improvements. Every suite also includes its own washer and dryeran important feature for tenant convenience and long-term rental appeal. Additional upgrades include a repainted exterior, newer eavestrough, roof and some windows completed approximately eight years ago, all hot-water tanks updated within the past five years, and new bathtubs installed in two suites. Each suite offers two exits, while the corner-lot location provides rear parking along with additional street-side parking. The property is conveniently located close to schools, parks, and everyday amenities. At an asking price of $624, 900, this property offers four income-producing units at approximately $156, 225 per suite, with a gross annual income equal to approximately 11.5% of the asking price before operating expenses. Whether you are expanding an existing rental portfolio or looking to enter the multifamily investment market, this is an opportunity to acquire an established income property with strong rental revenue and many major improvements already completed. Current rental amounts, utility responsibilities, leases, and operating expenses are available for qualified buyers to review. Please allow appropriate notice for showings and do not disturb the tenants.
Listing By: Larry Matira - eXp Realty 
- MLS® A2283104
- Date Listed07/11/2026
- Days on Realty 3 Days
- Bedrooms -
- Bathrooms
- Lot Size -
- Subdivision Lucas Heights
- County Ponoka County
- Year Built 1976
- Square Feet 193 sq. ft
- Price Per Sq. Ft $3230.79
Interior Features
- Flooring Laminate, Vinyl Plank
- Heating Forced Air, Natural Gas
Exterior / Lot Features
- Roof Shingle
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features -
Sales & Tax History
Source: Public Records
Local Neighborhood Highlights for T4J1L9
Discover key demographics, population statistics, and environmental insights for the Ponoka, AB area.
78/100
Very Walkable
Walk Score ®
0/100
Minimal Transit
Transit Score ®
57/100
Bikable
Bike Score ®
Overview
Most errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 10/100, Transit Score: 0/100, Bike Score: 25/100.
Points of Interest near 5402 54 Avenue, Ponoka, AB T4J1L9
Frequently Asked Questions for 5402 54 Avenue
Source: Realty.com
5402 54 Avenue, Ponoka, AB T4J1L9 in Lucas Heights, Ponoka, AB T4J1L9 is a quadruplex listed at $624,900. Highlights include 193 sq. ft., built in 1976, $3,231 per sq. ft.. Realty.ca has 27 photos, sales history, school insights, and mortgage tools for this listing.
Realty.com has 27 photos of 5402 54 Avenue.
Our records indicate that 5402 54 Avenue was built in 1976.
The full address for this home is 5402 54 Avenue, Ponoka, AB T4J1L9.
5402 54 Avenue has been listed on Realty.com since Sat July 11, 2026
Most errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 10/100, Transit Score: 0/100, Bike Score: 25/100.
Listing provided courtesy of:
eXp Realty
(tel: 403-262-7653)
Listing agent:
Larry Matira
(tel: 403-785-6838)
This content last refreshed on 2026-07-14 17:29:41. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.