Turn-key purpose-built 4-plex offering stable cash flow and major capital updates. This property features three 2-bedroom units and one 1-bedroom unit, each with private storage and energized parking stalls. Shared coin-operated laundry provides additional income potential.
Separate power meters for each unit. Tenants pay electricity, while the owner pays water and gas, creating a simple and predictable operating structure.
Significant improvements include new windows (2025), shingles (2017), and boiler & hot water tank (2019). Flooring has been updated over time, bathrooms partially refreshed in three units, and appliances replaced as needed. Well maintained with documented financials available.
Situated on a 9,000+ sq.ft. lot with alley access in an established neighbourhood, this is a clean, stabilized multi-family asset ideal for both new and seasoned investors.
Essential information
MLS® number
A2338022
Status
Active
Price
$589,900
Property type
Multi-Family
Type
4 plex
Transaction
For Sale
Restrictions
See Remarks
Living area
1,736 sq ft
Year built
1967
Structure
Four Plex
Style
Bi-Level
Levels
One
Listing brokerage
RE/MAX OF LLOYDMINSTER
Source
Pillar 9™ MLS® System
Interior
Heating
Forced Air, Natural Gas
Flooring
Carpet, Laminate, Linoleum, Vinyl Plank
Appliances
Dryer, Range Hood, Refrigerator, Stove(s), Washer
Basement
Full
Basement development
Finished
Exterior and construction
Construction
Stucco, Wood Frame, Wood Siding
Roof
Asphalt Shingle
Foundation
Wood
Frontage
23.77M 78`0"
Zoning
MDR
Parking
Total parking
4
Features
Stall
Community
Subdivision
LLMWEST
City
Lloydminster
Province
AB
Postal code
T9V 0E6
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Investment calculator
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19 photos$599,9004805 52 Street, Olds
