Property Details

5139 48th Street
Innisfail (A2265569)

$1,299,000
3,968 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

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.

Property details

Basic Info

MLS® #
A2265569
Property Type:
Multi-Family
Subtype:
4 plex
Subdivision:
Central Innisfail
Price
$1,299,000
Sale/Lease:
For Sale
Size:
3,968 sq.ft.
Year Built:
2025 (0 years old)

Building Info

New Construction:
Yes
Builder:
LAWRENCE DEVELOPMENTS LTD.
Structure Type:
Four Plex
Building Style:
2 Storey
Garage:
No
Parking:
Off Street, Parking Pad
Fence:
Basement:
Full
Features:
Closet Organizers, Granite Counters, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Vinyl Windows
Inclusions:
Fridge x 4, Stove x4, Dishwasher x 4, Over Range Microwave x 4, Washer and Dryer x 4
Exterior Features:
None

Lot / Land Info

Zoning:
R-3

Materials & Systems

Roof:
Asphalt Shingle
Exterior:
Concrete,Manufactured Floor Joist,Stone,Vinyl Siding,Wood Frame
Floors:
Carpet, Vinyl Plank
Foundation:
Poured Concrete
Heating:
High Efficiency, Forced Air, Natural Gas
Cooling:
None

Listing Info

Possession:
Immediate,Upon Completion
Days on Market:
5
Your Agent
  • Donna Wilson

    Sutton Group - Grande Prairie Professionals
    780-228-2224

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