5139 48th Street | Innisfail, Alberta, T4G1M2
This exceptional BRAND NEW 4-plex offers a rare chance to own a turnkey multi-family property in the heart of Innisfail. With a total of 3,968 sq. ft. above grade and an additional 1,736 sq. ft. below grade, the property combines style and functionality throughout. Each of the four units provides 1,426 sq. ft. of finished living space with a bright open-concept main floor featuring custom cabinetry, a large center island, granite countertops, and a convenient two-piece bathroom. Upstairs, both bedrooms are generously sized and include their own private four-piece ensuites, while the fully finished basement adds even more living space with a family room, an additional bedroom, laundry complete with washer and dryer and a full bathroom. In total, every unit offers three bedrooms and three and a half bathrooms, designed to meet the needs of modern living. The property is centrally located close to downtown and only one block from the town’s schools, making it highly desirable for families and long-term tenants. The exterior is landscaped and includes parking pads for each unit, creating a low-maintenance and well-planned development. With 5,704 sq. ft. of total finished living space across all four units, this brand new build with Certified New Home Warranty is an outstanding opportunity for investors or owner-occupiers in one of Alberta’s growing communities. Based on a market rent of $2000 per month (per unit) your gross cap rate would be 7.4% and combined with a 10 year new home warranty make for a worry free investment. (id:59084)Property Details
- Full Address:
- 5139 48th Street, Innisfail, Alberta
- Price:
- $ 1,299,000
- MLS Number:
- A2265569
- List Date:
- October 24th, 2025
- Neighbourhood:
- Central Innisfail
- Year Built:
- 2025
- Taxes:
- $ 766
- Listing Tax Year:
- 2025
Interior Features
- Flooring:
- Carpeted, Vinyl Plank
- Air Conditioning:
- None
- Heating:
- Forced air, Natural gas
- Basement:
- Finished, Full
Building Features
- Storeys:
- 2
- Foundation:
- Poured Concrete
- Exterior:
- Concrete, Stone, Vinyl siding
- Garage:
- Parking Pad, Other
- Garage Spaces:
- 4
- Ownership Type:
- Freehold
- Legal Description:
- 15
- Taxes:
- $ 766
Floors
- Finished Area:
- 3968 sq.ft.
- Main Floor:
- 3968 sq.ft.
Land
Neighbourhood Features
Ratings
Commercial Info
Location
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