4908 54 Avenue

4908 54 Avenue

High Prairie, Alberta T0G1E0
Offered at $599,900
1,779Interior Sq Ft
6,092Lot Sq Ft
1993Built
8Parking
The Residence

Multi-Family in High Prairie

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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!!!

MLS® NumberA2287491
Price$599,900
Property TypeMulti-Family
Living Area1,779 sq ft
Year Built1993
Lot Size566 square meters
Frontage15.2 meters
OwnershipFreehold
ZoningR3
Annual Property Tax$3,816 (2026)
Days on Market261
The Gallery

Interiors & Grounds

Features & Amenities

Every Detail, Considered

Interior & Systems

FlooringTile, Laminate, Vinyl Plank
HeatingForced air, Natural gas
CoolingNone
BasementFinished, Full

Appliances & Features

  • Washer
  • Refrigerator
  • Stove
  • Dryer
  • Hood Fan
  • Smoke Detectors

Construction & Lot

StyleBi-level
FoundationPoured Concrete
ExteriorVinyl siding
ConstructionWood frame
FencingNot fenced
Lot FeaturesBack lane, PVC window, Level

Parking

Total Spaces8
TypeOther, Street, Shared
Map & Location
Address4908 54 Avenue
CityHigh Prairie
ProvinceAlberta
Postal CodeT0G1E0
CountryCanada
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Affordability

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