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Investment signal

$549,900

4510 8A Avenue

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Beds

Baths

Sqft

Year

1966

Type

Multi-family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Edson. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Profitable four plex located in a desirable family-friendly neighbourhood. Each unit features a galley style kitchen, dining area, spacious living room, 2 2-bedroom units, 2 3-bedroom units, 4-pc bathroom, storage room, private fenced yard/patio area, and designated parking for one vehicle. The building also has a shared hallway leading to a common storage room and washer dryer for added convenience. Recent upgrades include siding, windows, paint, flooring, sewer line to the building, and hot water tanks, ensuring low maintenance costs for the new owner. This property generates a steady income of $5100 per month in gross revenue, making it a great investment opportunity. Located within walking distance to schools, public trails, parks, and shopping, this four Plex is perfect for tenants looking for a convenient and comfortable living space. Don't miss out on this fantastic opportunity to own a profitable income property in a prime location. (id:65958)

Subtype
Multi-family
Structure
Multi-Family
Community
Edson
Common interest
Freehold
Living area
3,518 square feet
Lot size
8,826 square feet
Lot dimensions
8826.00
Parking
4 total
Stories
2
On market
Apr 22, 2026
Status changed
May 2, 2026
Annual tax
$5,389.94 (2025)
Zoning
R2 - General Residential
Photos
50
MLS#
A2304038
Area
EDSON

Features and systems

Parking

Other

Basement

None

Appliances

RefrigeratorStoveHood FanWindow CoveringsWasher & Dryer

Heating

Natural gas

Exterior

Vinyl siding

Construction

Wood frame

Flooring

LaminateCarpetedLinoleum

Foundation

Poured ConcreteSlab

Community

Golf Course DevelopmentLake PrivilegesFishing
Negative cash flow ~$636/mo at these assumptions

Cash on cash

-6.94%

Cap rate

3.48%

GRM

16.7

Break-even rent

$3,419

Financing

Down payment$109,980
Loan amount$439,920
Mortgage$2,229/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$252
Insurance$80
Maintenance$458
CapEx reserve$229
Vacancy loss$138

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Edson. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $2,229/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 2, 2026.

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