For sale

$599,900

Est. $2,845/mo —

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•

— ba

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1,779

sq ft

4908 54 Ave, High Prairie, AB T0G 1E0

About this home

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!!! (id:51075)

Multi-familyProperty Type

1993Year Built

6,092 sq ftLot Size

$337Price/Sq.Ft.

8 spacesParking

Listed by Simon D. Hunt • RE/MAX House of Real Estate

Listing updated: Aug 15, 2026 at 06:22am

Redfin checked: 11 minutes ago

•Source:CREA #A2287491

Open houses

No upcoming open houses.

Around this home

Schools
Places
Transit

Choice and nearby schools may not serve this home. Please check the school district website to see all schools serving this home.

0.3km

Hillview School

Public, N/A • Nearby

0.5km

Prairie River Junior High School

Public, N/A • Nearby

0.3km

St. Francis Holistic Learning Centre

Public, N/A • Nearby

Provided by Local Logic

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior

Kitchen

Bathroom

Interior features
Laminate flooring
Tile flooring

Flooring
Laminate
Tile

Heating & cooling
Natural gas heating
Has cooling

Sale and tax history for 4908 54 Ave

Sale History
Tax History

This is a new listing, so no sales records exist yet. As the MLS and public records start to fill up, we'll list the details here.

Public record

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Total Sq. Ft.

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Style

Single Family Residential

Region

Parking Spaces

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Last updated by owner on Aug 8, 2023.

Contact listing agent

Simon D. Hunt

RE/MAX House of Real Estate

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