$599,900
4908 54 AvenueHigh Prairie, AB T0G 1E0
- 1,779 sq ft
- 4 plex
Listing courtesy of RE/MAX House of Real Estate · MLS® A2287491
About this home
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 VINYL FLOORING + Tiled flooring throughout, NEWER Windows + Doors, NEWER Vanities, + EXTERIOR IMPROVEMENTS Include New SIDING on the FRONT + a FRESHLY Painted Deck.
MAJOR MECHANICAL UPDATES for peace of mind: FURNACES (2026 and 2022 Years Old) + Hot Water Tanks (2022 + 2023) +
APPLIANCE UPDATES: Stoves (2018 +2025), Fridges (2016 + 2019 + 2024).
STRONG INCOME. BIG LOT. IMPRESSIVE RETURNS.
Add this CASH-FLOWING asset to your portfolio TODAY!!!
Key facts
- Type
- 4 plex
- Style
- Attached-Up/Down, Bi-Level
- Year built
- 1993
- Living area
- 1,779 sq ft
- Lot
- 6,092 sq ft
- Basement
- Full, Finished
- Parking
- Alley Access, 8 spaces total
- Price per sq ft
- $337
- Days on market
- 238
- Listed
- February 25, 2026
- Municipality
- Big Lakes County
Features
Interior
- Features
- Ceiling Fan(s), Laminate Counters, Soaking Tub, Vinyl Windows
- Appliances
- Dryer, Electric Stove, Range Hood, Refrigerator, Washer
- Flooring
- Laminate, Tile, Vinyl Plank
- Heating
- Forced Air, Natural Gas
- Laundry
- Common Area, Electric Dryer Hookup, In Hall, Multiple Locations, Washer Hookup
- Included
- 4 Electric Stoves, 4 Refrigerators, 4 Hood Fans, 1 Ceiling Fan, 2 Washers, 2 Dryers
Building
- Structure
- Four Plex
- Levels
- Bi-Level
- Construction
- Vinyl Siding, Wood Frame
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
Exterior & lot
- Exterior
- Rain Gutters
- Lot
- Back Lane, Few Trees, Front Yard, Lawn, Level, Low Maintenance Landscape, Near Shopping Center, Rectangular Lot
- Patio / porch
- Rear Porch
- Lot size
- 6,092 sq ft
- Zoning
- R3
Parking
- Total parking
- 8
- Details
- Alley Access, Common, Off Street, On Street, Outside, Parking Lot, Unpaved
Condo / HOA
- Restrictions
- None Known
- Furnished
- Unfurnished
Utilities
- Utilities
- Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Land & rural
- Legal land description
- SE-26-74-17-W5
- Title
- Fee Simple
Community
- Features
- Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Location
Monthly cost estimate
- Mortgage $2,816
An estimate, not a quote: excludes property tax, home insurance and utilities. Starting rates are the best advertised 5-year fixed rates on October 8, 2026 (nesto.ca, best 5-year fixed); your rate depends on your lender and situation. Minimum down payment under Canadian rules is $34,990.
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Listing data disclaimer
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Listing last updated: Oct 3, 2026, 12:15 a.m.