AB > Blackfalds > Blackfalds - Other
Blackfalds, AB T0M 0J0,5316 Lansdown AVE
Blackfalds, AB T0M 0J0,5316 Lansdown AVE
Blackfalds, AB T0M 0J0,5316 Lansdown AVE
Blackfalds, AB T0M 0J0,5316 Lansdown AVE
Blackfalds, AB T0M 0J0,5316 Lansdown AVE
Blackfalds, AB T0M 0J0,5316 Lansdown AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
11
Apr
Sat
12
Apr
Sun
13
Apr
Ruth Alexander

Ruth Alexander

+1(403) 969-0109
$ 675,000
Est. payment | /mo

2,234 SqFt

Save Virtual Tour
$ 675,000
Est. payment | /mo
Save Virtual Tour

2,234 SqFt

Key Details

Property Type Multi-Family

Sub Type 4 plex

Listing Status Active

Purchase Type For Sale

Square Footage 2,234 sqft

Price per Sqft $302

Subdivision Blackfalds - Other

MLS® Listing ID A2192425

Style Bi-Level

Originating Board Central Alberta

Year Built 1978

Annual Tax Amount $5,656

Tax Year 2024

Property Sub-Type 4 plex

Property Description

. 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.

Location

Province AB

County Lacombe County

Zoning R2

Rooms

Basement Finished

Interior

Heating Forced Air, Natural Gas

Inclusions 4 Stoves, 4 Fridges, 4 Washers, 4 Dryers, 1 Garden Shed

Exterior

Total Parking Spaces 4

Building

Architectural Style Bi-Level

Others

Restrictions None Known

Tax ID 92248410

Ownership Private

Virtual Tour https://unbranded.youriguide.com/5316_lansdowne_ave_blackfalds_ab/

Listed by Maxwell Real Estate Solutions Ltd.
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(403) 969-0109

info@raregroup.ca

700 1816 Crowchild Trail NW Calgary AB T2M 3Y7

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Ruth Alexander, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

5316 Lansdown AVE