4908 54 Avenue
High Prairie, Alberta
MLS® A2287491
$599,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- A2287491
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1993
1 / 35Listing description
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 VINYL FLOORING + Tiled flooring throughout, NEWER Windows + Doors, NEWER Vanities, + EXTERIOR IMPROVEMENTS Include New SIDING on the FRONT + a FRESHLY Painted Deck.
MAJOR MECHANICAL UPDATES for peace of mind: FURNACES (2026 and 2022 Years Old) + Hot Water Tanks (2022 + 2023) + APPLIANCE UPDATES: Stoves (2018 +2025), Fridges (2016 + 2019 + 2024). STRONG INCOME. BIG LOT.
IMPRESSIVE RETURNS. Add this CASH-FLOWING asset to your portfolio TODAY!!!
Property summary
- MLS® number
- A2287491
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 1,779 sq ft
- Title
- Freehold
- Land size
- 566 square meters
- Built in
- 1993
- Annual property taxes
- $3,816.44
- Parking
- 8 spaces · Other, Street, Shared
- Days on market
- 203 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
- Basement
- Finished, Full
- Flooring
- Tile, Laminate, Vinyl Plank
- Appliances
- Washer, Refrigerator, Stove, Dryer, Hood Fan
- Exterior features
- Vinyl siding
- Lot features
- Back lane, PVC window, Level
- Architectural style
- Bi-level
What would this home cost you?
Based on the $599,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX House of Real Estate, CALGARY.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.