Diane Richardson

Office Location:
703 64 Ave SE #130,
Calgary, AB T2H 2C3,

Diane Richardson

Cell: 403.397.3706

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BLACKFALDS HOMES FOR SALE
HOUSE FOR SALE IN BLACKFALDS, ALBERTA, BLACKFALDS REAL ESTATE LISTINGS, BLACKFALDS, ALBERTA REAL ESTATE

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Diane Richardson @ 403.397.3706

BLACKFALDS REAL ESTATE

Blackfalds - OtherBlackfaldsOther

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5316 Lansdowne Avenue: Blackfalds 4 plex for sale : MLS®# A2192425
5316 Lansdowne Avenue Blackfalds Blackfalds T0M 0J0

5316 Lansdowne Avenue Blackfalds T0M 0J0 Blackfalds

$675,000

Multi-Family

Status:

Active

MLS® Num:

A2192425

Floor Area:

2,234 sq. ft.208 m2

. 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. More details

Listed by Maxwell Real Estate Solutions Ltd.

LISTING DETAILS
- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email

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Data was last updated June 12, 2025 at 12:05 PM (UTC)

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.