5410 55 Street Ponoka, AB T4J1L8

$479,000
3
Beds
1
Baths
0.14
Acres
1,952
SQFT
245
$/SQFT
$479,000
3
Beds
1
Baths
1,952   sf
$245 / sf
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active
1/20
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EXPERIENCE this investment opportunity in this full duplex converted into an illegal fourplex, offering potential cash flow and solid long-term potential! This fully occupied property is currently generating $4300/M in gross rental income. With operating expenses, covering property management, utilities (boiler gas, water/sewer) garbage removal and yard maintenance. All the units have heat included because it's a boiler system, and there is only 1 water meter. The tenants each pay their own electricity and Wi-Fi/cable if desired. Suite Breakdown: Three 3-bedroom units and One 2-bedroom unit. Each suite is self-contained with its own washer, dryer, fridge and stove, making them highly desirable for tenants. Additional features include rear lane access and 4 dedicated parking stalls, providing convenience and functionality. Tenants appreciate the property's prime location near schools and amenities. Photos and room measurements provided in the listing are of Unit 3. This is a turnkey revenue property and investor opportunity to add to any real estate portfolio.

EXPERIENCE this investment opportunity in this full duplex converted into an illegal fourplex, offering potential cash flow and solid long-term potential! This fully occupied property is currently generating $4300/M in gross rental income. With operating expenses, covering property management, utilities (boiler gas, water/sewer) garbage removal and yard maintenance. All the units have heat included because it's a boiler system, and there is only 1 water meter. The tenants each pay their own electricity and Wi-Fi/cable if desired. Suite Breakdown: Three 3-bedroom units and One 2-bedroom unit. Each suite is self-contained with its own washer, dryer, fridge and stove, making them highly desirable for tenants. Additional features include rear lane access and 4 dedicated parking stalls, providing convenience and functionality. Tenants appreciate the property's prime location near schools and amenities. Photos and room measurements provided in the listing are of Unit 3. This is a turnkey revenue property and investor opportunity to add to any real estate portfolio.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Ponoka County
  • Status
    Active
  • Listing #
    A2208374
  • Built
    1973
  • Lot Size
    0.14
  • Listed on site
    12 days
  • Listing Brokerage
    Realty Experts Group Ltd

Listed by:

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Last updated: 2025-05-06 13:22:42
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Property details

Community Features

  • No HOA

Property Features

  • InLaw Suite

Exterior features

  • No Pool

Interior Features

  • Basement Finished
  • Basement Full

Style

  • One Story
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