About 1-12, 5326 50 Avenue
No vacancies! Excellent cash flowing 12 suite apartment building with prime location in Lacombe. All units are 2 bedroom, 1 bath with exception of one bachelor suite. Tenants pay power. Owner pays heat, water/sewer and garbage. Ample parking. New roof approx. 6-7 years ago. X2 coin operated washer & dryer, also recently replaced. Brand new motors in boiler. Newer HWT & furnace. Unit 303 was recently completely redone, new flooring, trim, paint, bathroom, etc. Most tenants have been there for 5 or more years. One tenant has been there 24 years. Every tenant in month to month except for one unit that just signed a 1 year lease June 1st. Overall a great building with potential for rent increases as most of the units are currently below market rent.
Features of 1-12, 5326 50 Avenue
| MLS® # | A2231941 |
|---|---|
| Price | $1,575,000 |
| Sold Price | $1,380,000 |
| Bathrooms | 0.00 |
| Square Footage | 11,625 |
| Acres | 0.00 |
| Year Built | 1981 |
| Type | Multi-Family |
| Sub-Type | Apartment |
| Status | Sold |
Community Information
| Address | 1-12, 5326 50 Avenue |
|---|---|
| Subdivision | Downtown Lacombe |
| City | Lacombe |
| County | Lacombe |
| Province | Alberta |
| Postal Code | T4L 1C2 |
Amenities
| Parking Spaces | 18 |
|---|---|
| Parking | Off Street |
| Is Waterfront | No |
Interior
| Appliances | Refrigerator, Stove(s) |
|---|---|
| Heating | Boiler |
| Cooling | None |
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | No |
Exterior
| Exterior Features | None |
|---|---|
| Roof | Tar/Gravel |
| Construction | Brick, Stucco, Wood Siding |
| Foundation | Poured Concrete |
Additional Information
| Date Listed | June 17th, 2025 |
|---|---|
| Date Sold | August 26th, 2025 |
| Days on Market | 68 |
| Zoning | R5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Office | Century 21 Maximum |
|---|