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Royal LePage
Royal LePage
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$1,299,000

Innisfail AB, T4G 1M2

MLS® # A2265569

Property Information:

This exceptional BRAND NEW 4-plex offers a rare chance to own a turnkey multi-family property in the heart of Innisfail. With a total of 3,968 sq. ft. above grade and an additional 1,736 sq. ft. below grade, the property combines style and functionality throughout. Each of the four units provides 1,426 sq. ft. of finished living space with a bright open-concept main floor featuring custom cabinetry, a large center island, granite countertops, and a convenient two-piece bathroom. Upstairs, both bedrooms are generously sized and include their own private four-piece ensuites, while the fully finished basement adds even more living space with a family room, an additional bedroom, laundry complete with washer and dryer and a full bathroom. In total, every unit offers three bedrooms and three and a half bathrooms, designed to meet the needs of modern living. The property is centrally located close to downtown and only one block from the town’s schools, making it highly desirable for families and long-term tenants. The exterior is landscaped and includes parking pads for each unit, creating a low-maintenance and well-planned development. With 5,704 sq. ft. of total finished living space across all four units, this brand new build with Certified New Home Warranty is an outstanding opportunity for investors or owner-occupiers in one of Alberta’s growing communities. Based on a market rent of $2000 per month (per unit) your gross cap rate would be 7.4% and combined with a 10 year new home warranty make for a worry free investment.

Inclusions: Fridge x 4, Stove x4, Dishwasher x 4, Over Range Microwave x 4, Washer and Dryer x 4

Building Features:

  • Total Finished Area: 3968.00

Property Features:

  • Architectural Style: 2 Storey
  • Built in: 2025
  • Construction Materials: Concrete, Manufactured Floor Joist, Stone, Vinyl Siding, Wood Frame
  • Cooling: None
  • Exterior Features: None
  • Floor Space (approx): 3968.00 Square Feet
  • Flooring: Carpet
  • Foundation Details: Poured Concrete
  • Heating: High Efficiency, Forced Air, Natural Gas
  • Interior Features: Closet Organizers, Granite Counters, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry
  • Levels: Two
  • Parking Features: Off Street, Parking Pad
  • Roof: Asphalt Shingle
  • Zoning: R-3
  • No. of Parking Spaces: 4

Courtesy of: RE/MAX real estate central alberta

Data provided by: Central Alberta REALTORS® Association 4922 45 St., Red Deer, Alberta T4N 1K6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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⚠ Potential Investment Performance

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Location of 5139 48th Street, Innisfail, AB, T4G 1M2

Demographic Information of 5139 48th Street, Innisfail, AB, T4G 1M2

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$98,222.76

Average Number of Children

1.78

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.95 %

High school certificate or equivalent

34.34 %

Apprenticeship trade certificate/diploma

11.59 %

College/non-university certificate

24.06 %

University Degree

6.06 %

Commuter

Travel To Work

By Car

89.02 %

By Public Transit

0.0 %

By Walking

6.88 %

By Bicycle

0.0 %

By Other Methods

4.1 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

15.2 %

Houses

84.8 %

Own Vs. Rent

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