4908 54 Avenue

1 / 35

$599,900

4908 54 Avenue

High Prairie · MLS® A2287491

1,779 sq ft · 566 m² lot · House · Multi-family · built 1993 · 242 days on market

listed by Simon D. Hunt, RE/MAX House of Real Estate

realtor's description

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!!!

property details

type: House, Multi-family
living area: 1,779 sq ft
lot: 566 m²
parking: 8
year built: 1993
property tax: $3,816 / yr
days on market: 242
MLS®: A2287491

features

Back lane
PVC window
Level
Washer
Refrigerator
Stove

monthly cost

$2,932/mo

Mortgage $2,614 · Tax $318

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$2,614/ monthly

loan $479,920

25-year amortization

down payment20% · $119,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $304,192
land title fees: $1,180; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $121,160; down + land title fees
total paid: $784,112

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

High PrairieGoogle Maps ↗

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4908 54 Avenue

1 / 35

$599,900

4908 54 Avenue

High Prairie · MLS® A2287491

1,779 sq ft · 566 m² lot · House · Multi-family · built 1993 · 242 days on market

listed by Simon D. Hunt, RE/MAX House of Real Estate

realtor's description

property details

type: House, Multi-family
living area: 1,779 sq ft
lot: 566 m²
parking: 8
year built: 1993
property tax: $3,816 / yr
days on market: 242
MLS®: A2287491

features

Back lane
PVC window
Level
Washer
Refrigerator
Stove

property tax

about $7,761 a year

The asking price times High Prairie's 2026 residential rate of 12.94 per $1,000 (municipal and education).

The listing shows $3,816 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.

monthly cost

$2,932/mo

Mortgage $2,614 · Tax $318

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$2,614/ monthly

loan $479,920

25-year amortization

total interest: $304,192
land title fees: $1,180; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $121,160; down + land title fees
total paid: $784,112

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.