5219 53 Street Eckville, Alberta T0M 0X0
$499,000
FULLY RENTED 4-PLEX | NEW BOILER (2023) ~ Here’s a solid investment opportunity in a quiet, easy-to-rent building—perfect for the savvy investor. This fully tenanted 4-plex features four 2-bedroom, 1-bathroom suites, in-suite laundry hook-ups, coveredentries, separate electric meters, with ample rear and street parking. ~ Capital upgrades include: (2014) New Roof, (2023) New Boiler witha 10-year warranty, (2022) Reframed Foundation Walls & New Sidewalks (over $100K invested). The North, West, and South walls wereexcavated to the footings, rebuilt to modern standards, and wrapped below grade with proper drainage, sump pit, and weeping tile. Therehave been no water issues since the family has owned it, even during major flooding in Eckville in 2011. ~ Currently generating $44,760 ingross annual rental income, this property has a strong rental history and long-term income potential. ~ Whether you're growing yourportfolio or looking for a turnkey addition, this 4-plex delivers cash flow, key upgrades, and peace of mind. (id:63013)
Property Details
| MLS® Number | A2245985 |
| Property Type | Multi-family |
| Parking Space Total | 4 |
| Plan | 1471rs |
Building
| Appliances | See Remarks |
| Constructed Date | 1977 |
| Size Interior | 1,800 Ft2 |
| Total Finished Area | 1800 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| Size Total Text | Unknown |
| Zoning Description | R1a |
https://www.realtor.ca/real-estate/28695676/5219-53-street-eckville
2, 4405 - 52 Avenue
Red Deer, Alberta T4N 6S4
Contact the agent today for more information.
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August 12 2025 03:52:18
Central Alberta REALTORS® Association
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