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$ 549,777
Est. payment | /mo
2,120 SqFt
$ 549,777
Est. payment | /mo
2,120 SqFt
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2120.0
Square Footage 2,120 sqft
Price per Sqft $259
MLS Listing ID A2317971
Year Built 1979
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50 x 125 ft
Property Sub-Type 4 plex
Property Description
Investor Alert: Turnkey Cash-Flow Monster with a 19.8% Cash-on-Cash Return!
Smart investors know that true wealth is built on low vacancy,strong yields,and massive tenant retention,and this exceptional Eckville fourplex delivers on all three. Boasting a jaw-dropping 15% cash-on-cash return,this rock-solid building features an ideal revenue-generating mix of three massive 3-bedroom suites and one spacious 2-bedroom unit. Unlike cramped modern builds,this property offers incredible square footage and tons of "elbow room" that keeps tenants happy and staying long-term. In fact,two previous tenants loved living here so much they stayed for over 19 years,proving the ultimate stability of this asset.
Situated on a massive,prime corner lot,the property offers abundant off-street and street parking,plus a detached single-car garage that provides an easy opportunity for extra monthly revenue or landlord storage. The heavy lifting has already been done for you,8 brand-new appliances installed just this week,alongside a highly efficient boiler system and hot water tanks that have been consistently upgraded over the years.
Location is everything for a stress-free rental,and Eckville boasts an incredibly tight,near-zero vacancy rate hovering around 1%. Tenants will love being within walking distance to local shopping and restaurants,while commuters enjoy effortless highway access—just a quick 20-minute drive to the booming lakeside community of Sylvan Lake,30 minutes to Rocky Mountain House,and an easy 40 minutes into Red Deer. If you are looking for an affordable,high-yielding addition to your portfolio where the numbers actually make sense from day one,this is the pride-of-ownership building you've been waiting for.
Smart investors know that true wealth is built on low vacancy,strong yields,and massive tenant retention,and this exceptional Eckville fourplex delivers on all three. Boasting a jaw-dropping 15% cash-on-cash return,this rock-solid building features an ideal revenue-generating mix of three massive 3-bedroom suites and one spacious 2-bedroom unit. Unlike cramped modern builds,this property offers incredible square footage and tons of "elbow room" that keeps tenants happy and staying long-term. In fact,two previous tenants loved living here so much they stayed for over 19 years,proving the ultimate stability of this asset.
Situated on a massive,prime corner lot,the property offers abundant off-street and street parking,plus a detached single-car garage that provides an easy opportunity for extra monthly revenue or landlord storage. The heavy lifting has already been done for you,8 brand-new appliances installed just this week,alongside a highly efficient boiler system and hot water tanks that have been consistently upgraded over the years.
Location is everything for a stress-free rental,and Eckville boasts an incredibly tight,near-zero vacancy rate hovering around 1%. Tenants will love being within walking distance to local shopping and restaurants,while commuters enjoy effortless highway access—just a quick 20-minute drive to the booming lakeside community of Sylvan Lake,30 minutes to Rocky Mountain House,and an easy 40 minutes into Red Deer. If you are looking for an affordable,high-yielding addition to your portfolio where the numbers actually make sense from day one,this is the pride-of-ownership building you've been waiting for.
Location
Province AB
County 0195
Zoning R2
Interior
Heating Hot Water, Natural Gas
Inclusions 4 refrigerators; 4 stoves; 1 dishwasher; 3 washers; 3 dryers
Furnishings Unfurnished
Fireplace No
Laundry In Unit
Exterior
Parking Features Off Street, Single Garage Detached
Garage Spaces 1.0
Fence None
Total Parking Spaces 4
Garage Yes
Building
Lot Description Back Yard, City Lot, Corner Lot, Landscaped, Lawn
Dwelling Type Four Plex
Others
Restrictions None Known
Listed by Realty Executives Alberta Elite
LOCATION AND OTHER NEARBY PROPERTIES
REVIEWS
Shuvolaxmi Dutta
Highly recommend! An absolute pleasure to work with.
We recently purchased our beautiful new home in Calgary with the help of Viren and we couldn’t be happier with the entire experience. From the very beginning, he truly listened to our specific needs, likes, and dislikes. He understood exactly what we were looking for in a family home and didn’t recommend us to see anything that didn’t align with our vision.
He was very respectful of our budget and helped us find excellent options within our range without ever making us feel pressured. He never rushed us — even when we took time to think things through, he was patient and supportive every step of the way.
What really stood out was how he went above and beyond during the final walkthrough. He took care of a few issues that came up and made sure everything was properly addressed before closing. It gave us so much peace of mind.
Most importantly, working with him felt like searching for a home with a close family friend. His warmth, honesty, and genuine care made, what could have been a stressful process, truly enjoyable. We are so grateful for his help in finding our perfect family home and would recommend him to anyone without hesitation!
Thank you again Viren!
Stallone Dias
We recently worked with Viren to purchase a rental property, and the experience was excellent from start to finish.
Buying a home can be stressful, but Viren made the entire process smooth and straightforward. He was knowledgeable, responsive, and always available to answer our questions. We never felt pressured and always felt that he had our best interests in mind.
His guidance throughout the search, negotiations, and closing process was invaluable, and thanks to his hard work, we found the perfect property.
I would highly recommend Viren to anyone looking to buy or sell a home. Thank you for making what could have been a stressful experience such a positive one! - We will definitely be in-touch when we're in the market for another property.
Michael Rand
I am a Alberta certified home inspector for a top home inspection company and have had the pleasure to work with Virin on a few occasions, his professional attitude and knowledge of the space is exceptional and should be a bar set by all realtors to match. It was a pleasure and I look forward to a long professional relationship with him and his company in the future. Thanks for being so professional and prompt with all requests.
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