4908 54 Avenue
High Prairie
T0G 1E0
$599,900
Multi-Family
1,779 sq. ft.
built: 1993
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- A2287491
- Year Built:
- 1993
- Photos (32)
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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 Engineered Hardwood + Tiled flooring throughout, NEWER Windows + Doors, NEWER Vanities, + EXTERIOR IMPROVEMENTS booked for April!!
MAJOR MECHANICAL UPDATES for peace of mind: FURNACES (15 and 4 Years Old) + Hot Water Tanks (2022 + 2023) + New Board (2024)
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 Type:
- Multi-Family
- Property Sub Type:
- 4 plex
- Transaction Type:
- For Sale
- Home Style:
- Attached-Up/Down, Bi-Level
- Total Living Area:
- 1,779.38 sq. ft.
- Main Level Finished Area:
- 1,779.38 sq. ft.
- Below Grade Finished Area:
- 1,602.4 sq. ft.
- Lot Area:
- 6,092 sq. ft.
- Lot Frontage:
- 49'10½"
- Levels:
- Bi-Level
- Year built:
- 1993 (Age: 33)
- Bathrooms:
- - (Full:-, Half:-)
- Plan:
- 4267TR
- Heating:
- Forced Air, Natural Gas
- Basement:
- Full, Finished, None
- Foundation:
- Poured Concrete
- Furnished:
- Unfurnished
- Construction Material:
- Vinyl Siding, Wood Frame
- Structure Type:
- Four Plex
- Roof:
- Asphalt Shingle
- Ensuite:
- No
- Flooring:
- Hardwood, Tile
- Cooling:
- None
- Fireplaces:
- 0
- Utilities:
- Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
- Garage:
- No
- Parking:
- Alley Access, Common, Off Street, On Street, Outside, Parking Lot, Unpaved
- Parking Places:
- 8
- Parking Total/Covered:
- 8 / -
- Laundry Features:
- Common Area, Electric Dryer Hookup, In Hall, Multiple Locations, Washer Hookup
- Dryer, Electric Stove, Range Hood, Refrigerator, Washer
- 4 Electric Stoves, 4 Refrigerators, 4 Hood Fans, 1 Ceiling Fan, 2 Washers, 2 Dryers
- None Known
- Title to Land:
- Fee Simple
- Community Features:
- Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
- Interior Features:
- Ceiling Fan(s), Laminate Counters, Soaking Tub, Vinyl Windows
- Exterior Features:
- Rain Gutters
- Patio And Porch Features:
- Rear Porch
- Lot Features:
- Back Lane, Few Trees, Front Yard, Lawn, Level, Low Maintenance Landscape, Near Shopping Center, Rectangular Lot
- Num. of Parcels:
- 0
- Fencing:
- None
- Region:
- Big Lakes County
- Zoning:
- R3
- Listed Date:
- Feb 25, 2026
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Listed by RE/MAX House of Real Estate
Data was last updated March 2, 2026 at 06:05 AM (UTC)
- MEL STAR
- RE/MAX HOUSE OF REAL ESTATE
- 1 (403) 8619944
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