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) +
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® number
A2287491
Status
Active
Price
$599,900
Property type
Multi-Family
Type
4 plex
Transaction
For Sale
Restrictions
None Known
Living area
1,779 sq ft
Lot size
6,092 sq ft
Year built
1993
Structure
Four Plex
Style
Attached-Up/Down, Bi-Level
Levels
Bi-Level
Listing brokerage
RE/MAX House of Real Estate
Source
Pillar 9™ MLS® System
Interior
Heating
Forced Air, Natural Gas
Flooring
Laminate, Tile, Vinyl Plank
Appliances
Dryer, Electric Stove, Range Hood, Refrigerator, Washer
Features
Ceiling Fan(s), Laminate Counters, Soaking Tub, Vinyl Windows
Fireplaces
0
Laundry
Common Area, Electric Dryer Hookup, In Hall, Multiple Locations, Washer Hookup
Back Lane, Few Trees, Front Yard, Lawn, Level, Low Maintenance Landscape, Near Shopping Center, Rectangular Lot
Frontage
15.20M 49`10"
Zoning
R3
Parking
Total parking
8
Features
Alley Access, Common, Off Street, On Street, Outside, Parking Lot, Unpaved
Services
Utilities
Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Community
City
High Prairie
Province
AB
Postal code
T0G 1E0
Features
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Where it is
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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.
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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.
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19 photos$599,9004805 52 Street, Olds
