4908 54 Avenue High Prairie, Alberta T0G 1E0
$599,900
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) + 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!!! (id:63476)
Property Details
| MLS® Number | A2287491 |
| Property Type | Multi-family |
| Amenities Near By | Park, Playground, Schools, Shopping |
| Features | Back Lane, Pvc Window, Level |
| Parking Space Total | 8 |
| Plan | 4267tr |
| Total Buildings | 1 |
Building
| Appliances | Washer, Refrigerator, Stove, Dryer, Hood Fan |
| Architectural Style | Bi-level |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1993 |
| Construction Material | Wood Frame |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Flooring Type | Laminate, Tile, Vinyl Plank |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 1,779 Sqft |
| Total Finished Area | 1779.38 Sqft |
| Type | Multi-family |
Parking
| Shared | |
| Other | |
| Street |
Land
| Acreage | No |
| Fence Type | Not Fenced |
| Land Amenities | Park, Playground, Schools, Shopping |
| Landscape Features | Lawn |
| Size Depth | 37.2 M |
| Size Frontage | 15.2 M |
| Size Irregular | 566.00 |
| Size Total | 566 M2|4,051 - 7,250 Sqft |
| Size Total Text | 566 M2|4,051 - 7,250 Sqft |
| Zoning Description | R3 |
Utilities
| Electricity | Connected |
| Natural Gas | Connected |
| Telephone | Connected |
| Sewer | Connected |
| Water | Connected |
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June 28 2026 04:50:22
Calgary Real Estate Board
RE/MAX House Of Real Estate