$624,900
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5402 54 Avenue, Ponoka, AB T4J1L9

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- Beds
0 Baths
2,082 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. (id:58753)

Listing By: Larry Matira - eXp Realty cncrea2 Realty.com
  • MLS® A2283104
  • Date Listed07/12/2026
  • Days on Realty 2 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Subdivision Lucas Heights
  • Year Built 1976
  • Square Feet 2,082 sq. ft
  • Price Per Sq. Ft $300.14

Interior Features

  • Flooring Laminate, Vinyl Plank
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • 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.

Walkability in AB / T4J1L9

Source: Walk Score

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 multi family listed at $624,900. Highlights include 2,082 sq. ft., built in 1976, $300 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 Sun July 12, 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
Listing agent: Larry Matira

This content last refreshed on 2026-07-14 22:56:13. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.