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Diane Richardson 

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4718 College Avenue
College Heights (Lacombe) Lacombe T4L 1Z1

$669,000
Multi-Family 3,527 sq. ft. built: 1971

Main Photo: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 1: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 2: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 3: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 4: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 5: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
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Photo 8: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
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Photo 10: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
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Photo 12: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 13: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 14: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 15: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
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Photo 17: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
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Photo 22: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 23: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 24: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 25: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
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Photo 34: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
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Photo 41: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 42: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 43: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 44: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 45: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 46: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 47: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 48: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 49: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Photo 50: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2213994
Year Built:
1971
This exceptional and fully tenanted 4-plex is ideally located just steps from the university in one of Lacombe’s most desirable neighborhoods. With a solid rental history, thoughtful updates, and a unique layout, this property offers incredible flexibility—whether you’re a seasoned investor looking for strong cash flow or a young family hoping to offset homeownership costs with rental income. Unit 1, the standout of the complex, is a spacious 3-bedroom, 2.5-bathroom home featuring an attached single garage, gas fireplace, large mud/laundry room with sink, jacuzzi tub, and updated carpet. Perfect for an owner-occupier, this unit provides the comfort and amenities of a single-family home with the added bonus of rental income from the three additional suites. Units 2, 3, and 4 offer a mix of functional layouts, including loft-style bedrooms and open floorplans, with shared access to a laundry area and large storage room. Updates include newer windows, modernized bathrooms, and forced-air or hot water baseboard heating. Unit 4 also includes its own attached garage and units 2 and 3 share the double car detached garage. Additional revenue comes from a separately rented motorhome garage. The building has been well cared for, with new siding and shingles completed approx. 7 years ago and updated electrical in the detached garage just two years ago. With all units currently rented, this property is a rare opportunity to own a high-performing asset with lifestyle flexibility. Whether you’re investing or looking to live in your investment—this 4-plex delivers.
Property Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Home Style:
2 Storey
Total Living Area:
3,527 sq. ft.
Year built:
1971 (Age: 54)
Bathrooms:
- (Full:-, Half:-)
Plan:
0022895
Heating:
Forced Air, Hot Water, Varies by Unit
Basement:
Partial
Foundation:
Poured Concrete
Construction Material:
Vinyl Siding
Structure Type:
Four Plex
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Linoleum, Tile
Fireplaces:
1
Fireplace Details:
Gas, Living Room
Garage:
Yes
Garage Spaces:
5
Parking:
Double Garage Detached, RV Garage, Single Garage Attached
Parking Places:
5
Parking Total/Covered:
5 / -
College Heights (Lacombe)
Garage Control(s), Refrigerator, Stove(s), Washer/Dryer
Refrigerator (x4), Stive (x4), Washer (x2), Dryer (x2), Garage Controls (x3) Garage Remotes (x4), Shed
None Known
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Street Lights, Walking/Bike Paths
Interior Features:
Ceiling Fan(s), Storage
Lot Features:
Landscaped
Num. of Parcels:
0
Region:
Lacombe
Zoning:
R4
Listed Date:
May 09, 2025
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  • Photo 3: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 1 Foyer
  • Photo 4: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 1 Living Room
  • Photo 5: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 1
  • Photo 6: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 1
  • Photo 7: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 1 Dining Room
  • Photo 8: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 1 Kitchen
  • Photo 9: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 1 Kitchen & Breakfast Nook
  • Photo 10: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 1
  • Photo 11: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 1 Primary Bedroom
  • Photo 12: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 1 Primary Bedroom & Ensuite Bathroom
  • Photo 13: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 1 Primary Bedroom
  • Photo 14: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 1 Primary Bedroom & Ensuite
  • Photo 15: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 1 Laundry Room
  • Photo 16: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 1 3 Pc Bathroom
  • Photo 17: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 1 Bedroom
  • Photo 18: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 1 Office
  • Photo 19: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 2 Living/Dining Area
  • Photo 20: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 2 Open Concept
  • Photo 21: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 2
  • Photo 22: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 2
  • Photo 23: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 2 Bedroom
  • Photo 24: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 2 Bathroom
  • Photo 25: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 3 Living Room
  • Photo 26: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 3 Open Concept
  • Photo 27: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 3 Bedroom
  • Photo 28: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 3 Loft Style Bedroom
  • Photo 29: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 3 Loft Style Bedroom
  • Photo 30: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 3 Bathroom
  • Photo 31: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 4
  • Photo 32: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 4 Living Room
  • Photo 33: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 4 Den
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  • Photo 35: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 4 Kitchen
  • Photo 36: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 4 Primary Bedroom
  • Photo 37: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 4 Bathroom
  • Photo 38: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Unit 4 Second Bedroom
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  • Photo 41: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Units 2, 3 &4 Shared Laundry
  • Photo 42: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Tall RV Garage Rented Separate
  • Photo 43: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    Shorter Side of Garage For Tenants
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  • Photo 45: 4718 College Avenue: Lacombe 4 plex for sale : MLS®# A2213994
    2 Car Garage Shared Between Units 2&3
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Data was last updated October 8, 2025 at 10:05 AM (UTC)
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Contact Diane Richardson at 403.397.3706 for any further inquiries.

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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™.
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