Browse listings

7A/7B Pembina, Rainbow Lake

$249,900

About this property

THE INVESTMENT YOU HAVE BEEN LOOKING FOR, JUST BECAME AVAILABLE!! 3 Bdms, 2 full baths in EACH side just for starters. Now lets talk about this in more detail. The Great Room design of this home, offers the full benefits of being able to spend time with your family and friends with out that irritating wall, blocking your sight of them. The kitchen island not only adds additional prep space but offers a great eat up breakfast bar, allowing you to have additional guests for dinner. The large picture window overlooks the quiet street allowing sunshine to fill the main floor. 2 bedrooms & FULL BATH complete the main floor. The lower level features a very large, fantastic family room, where you are sure to enjoy many hours of family fun or just relaxing, watching a move. A full bath, bedroom & laundry area complete the lower level. A short walk to shopping & schools, makes this a perfect family home. At the end of the day, you have the luxury of going for a relaxing walk through nature as there is nothing but nature behind you or,,,, you can relax in the fenced yard with your family and friends. FOR YOUR PEACE OF MIND? SHINGLES WERE REPLACED LAST YEAR, SOME NEW FLOORING WAS JUST BEEN INSTALLED AND..... RECENTLY REPAINTED. IT'S TRUILY A MAGNIFICENT PROPERTY, IN AMAZING CONDITION. If you're a first time home owner, why not let someone else pay your mortgage? You live in one side and rent the other.

Essential information

MLS® number
A2191174
Status
Active
Price
$249,900
Property type
Multi-Family
Type
Full Duplex
Transaction
For Sale
Restrictions
None Known
Living area
1,150 sq ft
Year built
2000
Structure
Duplex
Style
Attached-Side by Side, Bi-Level
Listing brokerage
Century 21 Prime Realty (2002) Ltd.
Source
Pillar 9™ MLS® System

Interior

Heating
Forced Air, Natural Gas
Flooring
Carpet, Linoleum
Appliances
Electric Range, Refrigerator, Washer/Dryer
Features
Breakfast Bar, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Sump Pump(s), Vinyl Windows

Exterior and construction

Features
Rain Gutters
Construction
Vinyl Siding, Wood Frame
Roof
Asphalt Shingle
Foundation
Poured Concrete
Zoning
Residential

Parking

Total parking
4
Features
Gravel Driveway, Parking Pad

Community

City
Rainbow Lake
Province
AB
Postal code
T0H 2N0

Where it is

Loading map…

Approximate location, plotted from the listing’s own coordinates.

Investment calculator

Cap rate, cash flow and the coverage ratio a commercial lender will look at first.

Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.

The purchase

$
%
%
%
yrs

The building

$
%
$
Cap rate—
Cash on cash—
Net operating income
—
Mortgage payment monthly
—
Annual debt service
—
Cash flow monthly, before tax
—
Cash in the deal
—
Loan amount
—
Debt service coverage —

—

An estimate from the numbers above, not an appraisal and not financial advice. Operating costs, vacancy and lending terms all move it. Nothing typed here is sent anywhere or saved.

Tell me when another one comes up

Leave your details and Satyam will let you know as soon as a new listing in multi-family buildings in Rainbow Lake reaches the market — often before it is advertised anywhere else.

We’ll email you once to confirm. No account, nothing to log in to, and the listings stay open to everyone either way.

✓

You are on the list.

You will hear the moment a new listing in multi-family buildings comes up.

Similar properties to MLS® #A2191174

MLS® data last updated Nov 8, 2026, 1:00 a.m. (Mountain Time).

Call WhatsApp Email Instagram