5410 55 Street Ponoka, AB T4J1L8

$349,900
3
Beds
1
Baths
0.14
Acres
1,952
SQFT
179
$/SQFT
$349,900
3
Beds
1
Baths
1,952   sf
$179 / sf
Favorite

active
1/39
Street View

EXPERIENCE this investment opportunity in this full duplex converted into a fourplex, offering potential cash flow and solid long-term potential! When all 4-units were fully occupied, this property was generating $4800/M in gross rental income. With operating expenses, covering property management, utilities (boiler gas, water/sewer) garbage removal and yard maintenance. All the units have heat included because it's a boiler system, and there is only 1 water meter. The tenants each pay their own electricity and Wi-Fi/cable if desired. Suite Breakdown: Three 3-bedroom units and One 2-bedroom unit. Each suite is self-contained with its own washer, dryer, fridge and stove, making them highly desirable for tenants. Additional features include rear lane access and 4 dedicated parking stalls, providing convenience and functionality. Tenants appreciate the property's prime location near schools and amenities. Photos and room measurements provided in the listing are of Unit 3. This is a turnkey revenue property and investor opportunity to add to any real estate portfolio.

EXPERIENCE this investment opportunity in this full duplex converted into a fourplex, offering potential cash flow and solid long-term potential! When all 4-units were fully occupied, this property was generating $4800/M in gross rental income. With operating expenses, covering property management, utilities (boiler gas, water/sewer) garbage removal and yard maintenance. All the units have heat included because it's a boiler system, and there is only 1 water meter. The tenants each pay their own electricity and Wi-Fi/cable if desired. Suite Breakdown: Three 3-bedroom units and One 2-bedroom unit. Each suite is self-contained with its own washer, dryer, fridge and stove, making them highly desirable for tenants. Additional features include rear lane access and 4 dedicated parking stalls, providing convenience and functionality. Tenants appreciate the property's prime location near schools and amenities. Photos and room measurements provided in the listing are of Unit 3. This is a turnkey revenue property and investor opportunity to add to any real estate portfolio.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Ponoka County
  • Status
    Active
  • Listing #
    A2257225
  • Built
    1973
  • Lot Size
    0.14
  • Listed on site
    50 days
  • Listing Brokerage
    Realty Experts Group Ltd

Listed by:

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Last updated: 2025-11-01 03:23:42
Click for Map
Smart Commute Planner
Add a destination

Property details

Community Features

  • No HOA

Property Features

  • InLaw Suite

Exterior features

  • No Pool

Interior Features

  • Basement Finished
  • Basement Full

Style

  • One Story

Property History

DateDays AgoEventNew Price
Oct 6, 202530 days agoPrice decreased50,000 (13%)$349,900
Sep 15, 20252 mos agoNew on market$399,900
Favorite

Tour This Home

Wed
05Nov
Thu
06Nov
Fri
07Nov
Sat
08Nov
Sun
09Nov
Mon
10Nov
Tue
11Nov
Wed
12Nov
Thu
13Nov
Fri
14Nov
Sat
15Nov
Sun
16Nov
Mon
17Nov
Tue
18Nov
in Person
via Video Call