$399,000

About this home

A rare 4 Plex on 4 acres just minutes north of Three Hills, Alberta, this 4-acre country residential property offers an opportunity to own a four-plex on acreage within walking distance to downtown amenities, schools, and services. Originally built in 1947 and later converted to a four-unit dwelling, this property blends rural space with small-town convenience in a vibrant, growing community. It is priced below appraisal with repositioning potential. Use the extra land for added income such as RV storage, horse or livestock boarding. The building is configured as a four-plex consisting of two main-floor units, one upper-level unit, and one basement unit, each with its own unique layout and character. All units are currently rented on one-year leases, generating steady income, with the seller preferring to sell with tenants in place. Possession is flexible and may be fast, subject to tenancy.Utilities are combined for the building and currently included in rent, making this property attractive for buyers seeking a simplified management setup. Heating is provided by three natural gas furnaces, with town water supplied by Kneehill County, and a tank & open-discharge septic system that is regularly maintained and pumped annually. There are no active wells on the property.The property includes shared laundry facilities in the basement (1 washer & 1 dryer) (id:65958)

Subtype

Single Family

Architectural style

Multi-level

Structure

Apartment

Common interest

Freehold

Living area

3,369 square feet

Lot size

4 acres

Lot dimensions

4.00

Bedrooms

5 above grade, 2 below grade

On market

Jan 14, 2026

Status changed

Apr 30, 2026

Annual tax

$2,636.23 (2025)

Zoning

CR

Photos

50

MLS#

A2278728

Area

RURAL_KNEEHILL_COUNTY

Features and systems

Mortgage estimate