4718 College Avenue Lacombe, AB T4L 1Z1
Listing Courtesy of: PILLAR 9 - IDX / Listed By: Re/Max Real Estate Central Alberta

  4718 College Avenue Lacombe, AB T4L 1Z1

Active (475 Days)
$665,000 (CAD)

Description

This exceptional 4-plex is ideally located just steps from the university in one of Lacombe’s most desirable neighborhoods. With a solid rental history, thoughtful updates, and a unique layout, this property offers incredible flexibility—whether you’re a seasoned investor looking for strong cash flow or a young family hoping to offset homeownership costs with rental income.


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.



MLS®:
A2213994
Type
Multifamily
Year Built
1971
Style
2 Storey
County
Lacombe County

Listed By

Tammy Polley, Re/Max Real Estate Central Alberta
Source
PILLAR 9 - IDX
Last checked Aug 28 2026 at 5:38 AM EDT
Bathroom Details
Interior Features
  • Appliances : Refrigerator
  • Appliances : Stove(s)
  • Appliances : Garage Control(s)
  • Appliances : Washer/Dryer
  • Ceiling Fan(s)
  • Storage
Subdivision
  • College Heights
Lot Information
  • Landscaped
Property Features
  • Fireplace: Living Room
  • Fireplace: Total Fireplace(s) : 1 Gas
  • Foundation: Poured Concrete
Heating and Cooling
  • Varies by Unit
Basement Information
  • Partial
Flooring
  • Carpet
  • Linoleum
  • Tile
Exterior Features
  • Roof: Asphalt Shingle
Garage
  • Single Garage Attached
Parking
  • Rv Garage
  • Parking Space(s) : 5
Living Area
  • 3,527 sqft

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jun 05, 2026
Price Changed
$665,000
-1%
-$4,000
Aug 26, 2025
Price Changed
$669,000
-8%
-$56,000
Jul 16, 2025
Price Changed
$725,000
-3%
-$25,000
Jun 10, 2025
Price Changed
$750,000
-3%
-$25,000
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Disclaimer: Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.