Property Information:

Calling All Investors! Don't miss this exceptional opportunity to own a well-maintained & updated 4-plex in a prime location near downtown Cold Lake. Four fully developed 3-bedroom units, this income-generating property is truly rental revenue ready. Each unit comes complete with appliances, in-suite laundry & a private deck with convenient under-deck storage. Recent renovations in three of the units include flooring, paint, kitchens, 4-piece bathrooms, light fixtures & more. Building improvements completed over the past 12 years include windows, sliding patio doors, shingles & vinyl siding. Tenants will appreciate the added convenience of south-side parking accessible from the back alley, along with the property's proximity to Main Street amenities, including shopping, restaurants, banking & everyday services. Rented and generating steady income with a cap rate of nearly 8%, this turnkey investment property is an excellent addition to any portfolio. Take advantage of this profitable opportunity today!

Building Features:

Floor Space: 204.29

Property Features:

Bedrooms: 4+6
Bathrooms: 4
Amenities Features: Off Street Parking, Deck
Appliances: Dishwasher-Built-In, Dryer, Microwave Hood Fan, Refrigerator, Stove-Electric, Washer
Architectural Style: Bi-Level
Basement: Full, Finished
Basement Development: Fully Finished
Basement Type: Full
Building Type: Fourplex
Built in: 1977
Community Features: Off Street Parking, Deck
Exterior Features: Back Lane, Landscaped, Shopping Nearby
Floor Space (approx): 204.29 Square Metres
Flooring: Ceramic Tile, Linoleum, Vinyl Plank
Foundation Details: Concrete Perimeter
Heating: Forced Air-1, Natural Gas
Lot Shape: Rectangular
Parking Features: No Garage, See Remarks
Road Access: Paved
Roof: Asphalt Shingles
Site Influences: Back Lane, Landscaped, Shopping Nearby
Zoning: Zone 60

Courtesy of: RE/MAX Bonnyville Realty

Data was last updated 2026-06-15 at 07:39

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the REALTORS® Association of Edmonton. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data on this website is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Information deemed reliable but not guaranteed.

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Demographic Information of 4537 50 Avenue, Cold Lake, AB, T9M 1Y8

Life Stage

Growing Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$116,300.16

Average Number of Children

1.89

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

21.87 %

High school certificate or equivalent

35.1 %

Apprenticeship trade certificate/diploma

12.4 %

College/non-university certificate

19.15 %

University certificate (below bachelor)

0.12 %

University Degree

11.35 %

Commuter

Travel To Work

By Car

86.7 %

By Public Transit

0.14 %

By Walking

10.4 %

By Bicycle

1.98 %

By Other Methods

0.78 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

14.84 %

Houses

85.16 %

4537 50 Avenue, Cold Lake, AB, T9M 1Y8