01 / Property Detail
DOWNTOWN LACOMBE
5616 53 Avenue , Lacombe, AB
$449,000
Residential · MLS® A22857944Bedrooms
3Bathrooms
1,416Sq Ft
3Garage
1974Year Built
02 / Overview
PROPERTY OVERVIEW
Well-maintained family home ideally located close to both Christian and public schools, situated on a spacious 67’ x 160’ lot with back alley access in the desirable downtown core. Substantially renovated in 2009, updates include new windows, kitchen cabinetry, built-in china cabinet, flooring, countertops, backsplash, interior doors, trim, and hot water tank. The main floor features an open-concept layout connecting the kitchen, dining, and living areas—perfect for everyday living and entertaining. A cozy gas fireplace, installed in 2014, adds...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area1,416 sq ft
Lot Size10,880 sq ft
ZoningR1
HeatingBoiler
CoolingNone
ParkingAttached Carport • Triple Garage Detached
ExteriorNone
BasementFull
Year Built1974
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$688After mortgage & expenses
Cap Rate6.3%Based on market rents
Cash on Cash Return9.2%With 20% down payment
Est. Monthly Rent$2,678Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
DOWNTOWN LACOMBE
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Investment ScoreN/A
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Listed by Brad Hellofs · RE/MAX real estate central alberta