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Courtesy Of Lyle Melanchuk Of 2% Realty Edge Ab
  • Price$538,000
  • Beds3
  • Baths4
  • Sq. Ft.2,214
  • Built1978

4501 50 Ave, Cold Lake

This property is a very good investment. Premium condition and all 4 suites are rented with good tenants. Rent: Each suite is $1250 per month Gross rent is 5000.00 per month ($60,000) per year Utilities: Natural gas $3800.00 Electricity: $6100.00 Water, Sewer, Garbage: is $3625.00 Property Insurance: $3105.00 Taxes: $4551.41 (2019) Total Expenses = $21,117.00 Net operating income is 38,838.00 These figures are based on current rents. This assumes self management Analysis is based on actual prior 12 months Effective Cap rate is 7.1 Documents on file: Real Property Report and Compliance Certificate Each unit boasts approximately 1105 sqft. of living area. ( Inclues lower area.)

Essential Information

  • MLS® #E4181837
  • Price$538,000
  • Bedrooms3
  • Bathrooms4.00
  • Full Baths4
  • Square Footage2,214
  • Acres0.00
  • Year Built1978
  • TypeSingle Family
  • Sub-Type4PLEX
  • StyleBi-Level
  • StatusACTIVE

Amenities

  • FeaturesDeck, Detectors Smoke
  • Parking Spaces8
  • ParkingOff Street, On Street, See Remarks

Exterior

  • ExteriorStucco
  • Exterior FeaturesBack Lane, Corner, Flat Site, Not Fenced, Schools, Shopping Nearby
  • RoofAsphalt Shingles
  • ConstructionWood Frame
  • FoundationConcrete

Community Information

  • Address4501 50 Ave
  • AreaCold Lake
  • SubdivisionCold Lake South
  • CityCold Lake
  • CountyALBERTA
  • ProvinceAB
  • Postal CodeT9M 1Y7

Interior

  • InteriorCeramic Tile, Laminate Flooring, Vinyl Plank
  • Interior FeaturesDryer, Refrigerator, Stove-Electric, Washer
  • HeatingForced Air-1
  • Has BasementYes
  • BasementFull, Fully Finished
  • # of Stories2
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Listing information last updated on March 29th, 2020 at 12:31am MDT.