


4718 College Avenue Lacombe, AB T4L 1Z1
Description
A2213994
Multifamily
1971
2 Storey
Lacombe County
Listed By
PILLAR 9 - IDX
Last checked Aug 28 2026 at 5:38 AM EDT
- Appliances : Refrigerator
- Appliances : Stove(s)
- Appliances : Garage Control(s)
- Appliances : Washer/Dryer
- Ceiling Fan(s)
- Storage
- College Heights
- Landscaped
- Fireplace: Living Room
- Fireplace: Total Fireplace(s) : 1 Gas
- Foundation: Poured Concrete
- Varies by Unit
- Partial
- Carpet
- Linoleum
- Tile
- Roof: Asphalt Shingle
- Single Garage Attached
- Rv Garage
- Parking Space(s) : 5
- 3,527 sqft
Listing Price History
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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 you’re investing or looking to live in your investment—this 4-plex delivers.