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
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Sheldons Xa

Sheldons Xa

+1(587) 832-1826
$ 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.

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agent-avatar

As a real estate agent, Sheldons brings a strong passion and incredible dedication to ensuring real estate buyers and sellers achieve their goals in a smooth and fulfilling process. Growing up in a family of Real Estate Professionals, Property Managers, and Real Estate Investors, Sheldons gained valuable knowledge about real estate transactions. He nurtured a deep love for the industry from a young age. Given his background, he always desired to venture into the industry to give his clients a positive, rewarding, and financially satisfying real estate experience.


Determined to help his client navigate the complex and competitive market with ease, Sheldons seeks to guide, advise, and educate clients, in order to empower them to make wise and well-informed choices. He strives to go over and beyond to help buyers find their perfect homes and assist sellers in marketing their properties for top dollar. For Sheldons, there is nothing more fulfilling than seeing the smile and the look of satisfaction on his client’s face after a successful closing.


When you entrust Sheldons with your real estate dreams, you can be confident that he won’t rest until he turns them into reality.

 

+1(587) 832-1826

sxa@twentyrealty.ca

1816 Crowchild Trail NW # 700, Calgary, T2M, 3Y7, Canada

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5316 Lansdown AVE