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4537 50 Avenue
Cold Lake
T9M 1Y8
$719,900
Single Family
beds: 10
baths: 4.0
2,199 sq. ft.
built: 1977
- Status:
- Active
- Prop. Type:
- Single Family
- MLS® Num:
- E4491256
- Bedrooms:
- 10
- Bathrooms:
- 4
- Year Built:
- 1977
* Sold date and price are as reported on the RAE’s MLS® system
- Photos (36)
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Calling All Investors! Don't miss this exceptional opportunity to own a well-maintained & updated 4-plex in a prime location near downtown Cold Lake. Four fully developed 3-bedroom units, this income-generating property is truly rental revenue ready. Each unit comes complete with appliances, in-suite laundry & a private deck with convenient under-deck storage. Recent renovations in three of the units include flooring, paint, kitchens, 4-piece bathrooms, light fixtures & more. Building improvements completed over the past 12 years include windows, sliding patio doors, shingles & vinyl siding. Tenants will appreciate the added convenience of south-side parking accessible from the back alley, along with the property's proximity to Main Street amenities, including shopping, restaurants, banking & everyday services. Rented and generating steady income with a cap rate of nearly 8%, this turnkey investment property is an excellent addition to any portfolio. Take advantage of this profitable opportunity today!
- Property Type:
- Single Family
- Dwelling Type:
- Quadruplex
- Home Style:
- Bi-Level
- Total Floor Area:
- 2,198.98 sq. ft.
- Price Per SqFt:
- $327.38
- Total area above grade.:
- 2,199 sq. ft.
- Secondary Suite:
- No
- Taxes:
- Signup
- Grade Level Entry:
- No
- Levels:
- 2
- Exposure / Faces:
- North
- Year built:
- 1977 (Age: 49)
- Bedrooms:
- 10 (Above Grd: 4)
- Bathrooms:
- 4.0 (Full:4/Half:0)
- Total Rooms Above Grade:
- 4
- Plan:
- 7722608
- Building Type:
- 4PLEX
- Construction:
- Wood, Stucco, Vinyl
- Foundation:
- Concrete Perimeter
- Basement:
- Full, Finished
- Basement Development:
- Fully Finished
- Roof:
- Asphalt Shingles
- Floor Finish:
- Ceramic Tile, Linoleum, Vinyl Plank
- Heating:
- Forced Air-1, Natural Gas
- Parking:
- No Garage, See Remarks
- Garage:
- No
- Ensuite:
- No
- Off Street Parking, Deck
- Cold Lake South
- Back Lane, Landscaped, Shopping Nearby
- Off Street Parking, Deck
- Back Lane, Landscaped, Shopping Nearby
- Dishwasher-Built-In, Dryer, Microwave Hood Fan, Refrigerator, Stove-Electric, Washer
- Phone Listing Broker
- Private
- Floor
- Ensuite
- Pieces
- Other
- Basement
- No
- 4
- Basement
- No
- 4
- Basement
- No
- 4
- Basement
- No
- 4
- Zone:
- Zone 60
- Zoning:
- Zone 60
- Title to Land:
- Fee Simple
- Legal Lot:
- 1
- Road Access:
- Paved
- LINC Number:
- 0014056808
- Days On Website:
- 123 day(s)
-
Rear facade featuring a light green textured exterior, two elevated wood decks with railings and blue-grey siding, multiple windows, and a dark shingled roof -
Multi-unit residence featuring a light green textured exterior and a dark shingle roof
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Multi-unit structure featuring light green textured siding and a dark roof
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Exterior featuring two wood-railed balconies with corrugated metal skirtings
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Exterior featuring light green textured stucco siding, a wooden deck with railing, gray horizontal vinyl siding on the lower level, a white exterior door, and multiple windows
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Staircase featuring wood-finish treads and risers, with an adjacent paneled door and light wall paint
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Spacious room with wood-finish flooring, neutral-toned walls, and a window with blinds
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Wood-finish flooring throughout, neutral painted walls, and a sliding glass door leading to an outdoor deck
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Galley-style kitchen with white cabinetry, stainless steel sink, and light-colored backsplash
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U-shaped kitchen featuring white cabinetry, a built-in microwave, a tile backsplash, durable laminate countertops, and a double-basin stainless steel sink
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Wide window with white frame and blinds, textured ceiling, light neutral-toned walls, and durable tiled flooring
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Wood-finish flooring, neutral wall tones, window with blinds, and bi-fold closet doors
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Integrated bathtub and shower combination with white surround
-
Wood-finish flooring, neutral wall paint, overhead lighting, and a window with blinds
-
Additional content
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Laundry area featuring a washer and dryer, wall-mounted shelving, and tiled flooring
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Dedicated laundry area with a washer and dryer, featuring overhead shelving and tiled flooring
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Neutral-toned walls complement the patterned floor tiles
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Staircase with carpeted treads and tile risers, leading to an entryway with tile flooring
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Spacious room featuring neutral tone walls, tile flooring, and a decorative chandelier
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Sliding glass door leading to an outdoor deck
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Sliding glass doors opening to an exterior wood-deck, large window with blinds, and tiled flooring
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Neutral tone wall paint, window with white blinds, white trim, and patterned tile flooring
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Recessed lighting, patterned floor tiles, neutral wall tones, and a window with blinds
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Neutral wall tones with tiled flooring, featuring a kitchen area with dark cabinetry and a white refrigerator
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Dark cabinetry with silver hardware, dual basin stainless steel sink, patterned tile backsplash, and light-toned countertops
-
Neutral-toned walls complement the patterned flooring
-
Neutral tone walls, patterned tile flooring, and white bi-fold closet doors
-
Wood-finish flooring, neutral wall tones, and a window with blinds
-
Wood-finish flooring, light-colored wall paint, and white bi-fold closet doors
-
Built-in shelving with clothing rod, textured gray carpeting, and light-toned wall paint
-
Integrated vanity with dark wood-finish cabinetry, a single basin sink, and a light-toned countertop
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Room featuring wood-finish flooring, a window with blinds, and a bi-fold closet
-
Laundry area featuring a washer and dryer, wall-mounted shelving, and patterned tile flooring
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Laundry area with shelving and tile flooring
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Aerial view showcasing a residential property with a brown-shingled roof, a green lawn, and distinct concrete pathways
Courtesy of Natalie C Kelly of RE/MAX Bonnyville Realty
Data was last updated September 29, 2026 at 11:30 PM (UTC)
Area Statistics
- Listings on market:
- 127
- Avg list price:
- $339,000
- Min list price:
- $50,000
- Max list price:
- $1,600,000
- Avg days in system:
- 123
- Min days in system:
- 5
- Max days in system:
- 907
- Avg price per sq.ft.:
- $308.57
These statistics are generated based on the current listing's property type
and located in
Cold Lake. Average values are
derived using median calculations. This data is not produced by
The Association's MLS® System.
- SALLY MUNRO
- CENTURY 21 MASTERS
- 1 (780) 4415457
- sally@sallymunro.com
Location
5954 Gateway BLVD NW
Edmonton, AB, T6H 2H6
5954 Gateway BLVD NW
Edmonton, AB, T6H 2H6