Listing Provided Courtesy Of:
Courtesy of Lyle Melanchuk of 2% Realty Edge AB.
4501 50 Ave Cold Lake, AB
$ 538,000
Property Attributes
  • Listing#E4181837
  • TypeSingle Family
  • CityCold Lake
  • AreaCold Lake
  • NeighbourhoodCold Lake South
  • Postal CodeT9M 1Y7
  • StyleBi-Level
  • Price$ 538,000
  • Bedrooms3
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2213
Listing Provided Courtesy Of:
Courtesy of Lyle Melanchuk of 2% Realty Edge AB.
Property Description

This property is a very good investment. Premium condition and all 4 suites are rented with good tenants. Rent: Each suite is $1250 per month Gross rent is 5000.00 per month ($60,000) per year Utilities: Natural gas $3800.00 Electricity: $6100.00 Water, Sewer, Garbage: is $3625.00 Property Insurance: $3105.00 Taxes: $4551.41 (2019) Total Expenses = $21,117.00 Net operating income is 38,838.00 These figures are based on current rents. This assumes self management Analysis is based on actual prior 12 months Effective Cap rate is 7.1 Documents on file: Real Property Report and Compliance Certificate Each unit boasts approximately 1105 sqft. of living area. ( Inclues lower area.)

General Features

Bathrooms 4
Beds 3
Community Cold Lake South
Flooring Ceramic Tile, Laminate Flooring, Vinyl Plank
Full Baths 4
Listing Area Cold Lake
Ownership Interest Private
Parking Off Street, On Street, See Remarks
Roof Asphalt Shingles
Site Influences Back Lane, Corner Lot, Flat Site, Not Fenced, Schools, Shopping Nearby
Style Bi-Level
Type Single Family
Year Built 1978
Zoning Zone 60

Interior Features

Basement Full
Basement Development Fully Finished
Bedrooms Above Grade 1
Ensuite No
Finished Levels 2
Heating Type Forced Air-1
Rooms Above Grade 4

Exterior Features

Building Type 4PLEX
Construction Type Wood Frame
Exterior Stucco
Foundation Concrete
Front Exposure North
Frontage (metres) 25.87
Garage Y/n No
Lot Shape Irregular
Total Parking 8


  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in T9M 1Y7

Statistics provided by Inside Real Estate

AVG $540K
AVG 33
Year Built
AVG 1978
AVG 51
Data Provided by Walkscore ® not using MLS data

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