AB > Lacombe > Downtown Lacombe
Lacombe, AB T4L 1C2,5326 50 AVE #1-12
Lacombe, AB T4L 1C2,5326 50 AVE #1-12
Lacombe, AB T4L 1C2,5326 50 AVE #1-12
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$1,575,000
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11,624 SqFt
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5326 50 AVE #1-12 Lacombe, AB T4L 1C2

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Shane Meahan

Shane Meahan

+1(587) 602-0204

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 11,624 sqft

Price per Sqft $135

Subdivision Downtown Lacombe

MLS® Listing ID A2231941

Year Built 1981

Annual Tax Amount $12,619

Tax Year 2025

Property Sub-Type Apartment

Source Central Alberta

Property Description

No vacancies! Excellent cash flowing 12 suite apartment building with prime location in Lacombe. All units are 2 bedroom, 1 bath with exception of one bachelor suite. Tenants pay power. Owner pays heat, water/sewer and garbage. Ample parking. New roof approx. 6-7 years ago. X2 coin operated washer & dryer, also recently replaced. Brand new motors in boiler. Newer HWT & furnace. Unit 303 was recently completely redone, new flooring, trim, paint, bathroom, etc. Most tenants have been there for 5 or more years. One tenant has been there 24 years. Every tenant in month to month except for one unit that just signed a 1 year lease June 1st. Overall a great building with potential for rent increases as most of the units are currently below market rent.

Location

Province AB

County Lacombe

Zoning R5

Interior

Heating Boiler

Cooling None

Flooring Carpet, Linoleum

Inclusions Stove x 12, Refrigerator x 12, Hood fan, 1 shed, Coin operated washer and dryer x 2, alarm system, dumpster bin (on contract with Empringham disposal-can be assumed for cancelled)

Appliance Refrigerator, Stove(s)

Exterior

Parking Features Off Street

Garage Description Off Street

Roof Type Tar/Gravel

Total Parking Spaces 18

Building

Story 3

Foundation Poured Concrete

Structure Type Brick,Stucco,Wood Siding

Others

Restrictions None Known

Tax ID 102647307

Ownership Private

Listed by Century 21 Maximum
agent
Shane Meahan

Agent/Owner | License ID: 399990

+1(587) 602-0204 | shane.meahan@yycproperties.com

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5326 50 AVE #1-12