Dale Devereaux, Realtor®, Century 21 Advantage Call us: 403.506.2121 info@reddeersfinesthomes.com
 

38 Wildrose Street, Lacombe

679900

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Published
CA0158157

MLS #

1900

SQFT

4

Bathrooms

10

Bedrooms

679900
38 Wildrose Street, Lacombe

How to make money in Real Estate. Find a great property, in excellent condition, with a solid return (5% CAP Rate) and buy it! Hold on to it and eventually you can run for US President…. This 4 plex is the first part of the equation. Steel framed building originally built by the Canadian Armed forces, moved to this location in the early 1960’s. It’s been totally renovated, is rock solid and impeccable. 2 – 3 Bedroom units and 2 – 2 Bedroom units, all with newer kitchens and baths, flooring, paint, siding, shingles, basement windows and more. Central hot water heating with a modern boiler, 2 new hot water tanks, septic field installed in 2011 and water well drilled in 2017 (370 feet deep bailed at 50 igpm). Located just south of Burman University. Owner currently occupies unit 3. RMS dimensions are as follows… Unit 1: 3 bedroom Upper East side is 1100 ft2. Unit 2: 2 bedroom Upper West side is 800 ft2. Unit 3: 3 bedroom Lower East side is 871 ft2. Unit 4: 2 bedroom Lower West side is 679 ft2. Utility room (lower level) is 286 ft2. Shop/Office building is 710 ft2. Shed is 10×20 and powered.
There is gravel parking available for at least 8 units. The Shop/Office is a 3 season building, heated all year. It is a unique but awesome place to have a hobby, run a small enterprise or just get away from it all. Current rent is Unit 1: $1150, Unit 2: $1050, Unit 4: $950. Main floor has 11 foot ceilings. This is a strong business opportunity combined with a meticulously maintained, immaculate place to live or rent. Owner occupiers may be able to get in with 5% down on the first $500K and 10% down on balance…and use up to 100% of rental income to qualify. Return on investment is staggering!

Property Overview

38 Wildrose Street, Lacombe, AB, T4L 1Y4
CA0158157
679900
10
4

Property Specifications

1960
2019-02-26T16:53:54.950
1713.79
254.00
1900
75.00
Standard

Interior Features

Dishwasher - Built-In, Microwave - Built-in, Refrigerator - 1, Stove

Carpet, Cork, Laminate, Linoleum

Building Features

Concrete, Fully Finished
254.00
Natural Gas - Baseboard heaters, Boiler, Hot Water
See Remarks
Field, Septic Tank
Bungalow

Contact Us

Agent Info

Agent: Richard Pochylko
Office: Century 21 Advantage

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