Homes for sale - 5316 Lansdown AVE, Blackfalds, AB T0M 0J0

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Sam Pond

sam@sampond.ca +1(403) 889-0913

$675,000

Est. payment - /mo

2,234 SqFt

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Key Details

Property Type Multi-Family

Sub Type 4 plex

Listing Status Active

Purchase Type For Sale

Square Footage 2,234 sqft

Price per Sqft $302

Subdivision Blackfalds - Other

MLS® Listing ID A2192425

Style Bi-Level

Year Built 1978

Property Sub-Type 4 plex

Property Description

. This attractive 4-plex in Blackfalds is listed at $675,000 and generates a gross rental income of $57,600 per year. With tenants covering all gas and electric costs via individual meters, the owner is responsible for water, sewer, and garbage services at approximately $350 per month (around $4,200 annually). Each unit features 2 bedrooms, with a 4-piece bathroom in the basement and a 2-piece bathroom on the main floor. Additional annual expenses include property taxes of $5,656, insurance of $4,934 (as reported last year), and minimal maintenance costs—about $1,000 in miscellaneous expenses in 2024. Management fees are set at 8.5% of the gross income, which comes to roughly $4,896 per year, and the property has enjoyed no vacancies in recent years. With these expenses, the net operating income comes to approximately $36,914, resulting in a cap rate of roughly 5.5%. Located beside both the Eagle Hockey Area and the Blackfalds Library, this property presents a compelling investment opportunity in a prime location.

Location

Province AB

County Lacombe County

Zoning R2

Rooms

Basement Finished

Interior

Heating Forced Air, Natural Gas

Inclusions 4 Stoves, 4 Fridges, 4 Washers, 4 Dryers, 1 Garden Shed

Exterior

Total Parking Spaces 4

Building

Dwelling Type Four Plex

Architectural Style Bi-Level

Others

Restrictions None Known

Tax ID 92248410

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Listed by Maxwell Real Estate Solutions Ltd.

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+1(403) 889-0913

sam@sampond.ca

Calgary, AB, CAN

5316 Lansdown AVE Blackfalds, AB T0M 0J0