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5316 Lansdown Avenue
Blackfalds - Other Blackfalds T0M 0J0

$675,000
Multi-Family 2,234 sq. ft. built: 1978

Main Photo: 5316 Lansdown Avenue: Blackfalds 4 plex for sale : MLS®# A2192425
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Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2192425
Year Built:
1978
. 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.
Property Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Possession:
Possession Date:
Home Style:
Bi-Level
Total Living Area:
2,234 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Year built:
1978 (Age: 47)
Bathrooms:
- (Full:-, Half:-)
Plan:
7721734
Heating:
Forced Air, Natural Gas
Basement:
Finished
Structure Type:
Four Plex
Ensuite:
No
Garage:
0
Parking Places:
4
Parking Total/Covered:
4 / -
Blackfalds - Other
4 Stoves, 4 Fridges, 4 Washers, 4 Dryers, 1 Garden Shed
None Known
Title to Land:
Fee Simple
Num. of Parcels:
0
Region:
Lacombe County
Zoning:
R2
Listed Date:
Feb 06, 2025
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by Maxwell Real Estate Solutions Ltd.
Data was last updated May 19, 2025 at 08:04 PM (UTC)
Diane Richardson
Cell: 403-397-3706