Investor ALERT in High Prairie!! Featuring an INCREDIBLE 11.3% Cap Rate + STRONG Cash Flow + SOLID UPGRADES throughout!!
This WELL-MAINTAINED Bi-level 4-Plex sits on a LARGE 6,092 Sq Ft lot and offers 3,558 Sq Ft of Total Developed LIVING SPACE. Designed for CONSISTENT Rental Demand and EASE of Management, this TURN-KEY opportunity delivers both excellent upside and LONG-TERM stability.
The property features 4 RENTED units generating a total MONTHLY INCOME of $4,825. The 2 top-floor units each offer 756 Sq Ft, while the 2 lower units each provide 646 Sq Ft — a FUNCITONAL layout that supports STRONG OCCUPANCY and STEADY CASH FLOW!!!
This property has had LOTS OF WORK put into it - w/SIGNIFICANT Updates + MAJOR Improvements already completed, making it a STRONG, LOW-MAINTENANCE investment opportunity!!! Shingles Replaced 2013, NEWER Engineered Hardwood + Tiled flooring throughout, NEWER Windows + Doors, NEWER Vanities, + EXTERIOR IMPROVEMENTS booked for April!!
MAJOR MECHANICAL UPDATES for peace of mind: FURNACES (15 and 4 Years Old) + Hot Water Tanks (2022 + 2023) + New Board (2024)
APPLIANCE UPDATES: Stoves (2018 +2025), Fridges (2016 + 2019 + 2024).
STRONG INCOME. BIG LOT. IMPRESSIVE RETURNS.
Add this CASH-FLOWING asset to your portfolio TODAY!!
Address
4908 54 Avenue
List Price
$599,900
Property Type
Multi-Family
Type of Dwelling
4 plex
Transaction Type
Sale
Area
High Prairie
Sub-Area
Other
Floor Area
1,779 Sq. Ft.
Lot Size
6092 Sq. Ft.
Year Built
1993
MLS® Number
A2287491
Listing Brokerage
RE/MAX House of Real Estate
Basement Area
Full
Postal Code
T0G 1E0
Zoning
R3
Site Influences
Back Lane, Few Trees, Front Yard, Lawn, Low Maintenance Landscape, Level, Schools Nearby, Shopping Nearby, Near Shopping Center, Park, Playground, Rectangular Lot, Sidewalks, Street Lights