4908 54 Avenue , High Prairie

$599,900

0 Beds
0 Baths
1,779 Sqft
.14 Acres
0 Garages

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!!

Essential Information
MLS® #A2287491
Price$599,900
Square Footage1,779
Acres0.14
Year Built1993
TypeMulti-Family
Sub-Type4 plex
StyleAttached-Up/Down, Bi-Level
StatusActive
Community Information
Address4908 54 Avenue
SubdivisionNONE
CityHigh Prairie
CountyBig Lakes County
ProvinceAlberta
Postal CodeT0G 1E0
Amenities
Parking Spaces8
Utilities

Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Parking

Alley Access, Common, Off Street, On Street, Outside, Parking Lot, Unpaved

Interior
HeatingForced Air, Natural Gas
CoolingNone
Has BasementYes
BasementFull
Interior Features

Ceiling Fan(s), Laminate Counters, Soaking Tub, Vinyl Windows

Appliances

Dryer, Electric Stove, Range Hood, Refrigerator, Washer

Exterior
Exterior FeaturesRain Gutters
RoofAsphalt Shingle
ConstructionVinyl Siding, Wood Frame
FoundationPoured Concrete
Lot Description

Back Lane, Few Trees, Front Yard, Lawn, Level, Low Maintenance Landscape, Near Shopping Center, Rectangular Lot

Additional Information
ZoningR3
Listing Details
OfficeRE/MAX House of Real Estate
LISTING MAP

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.