For Sale · Multifamily

5131 & 5133 52 Street, Lacombe

5131 & 5133 52 Street, Lacombe, AB T4L1H9

$879,900 total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

88%

Year Built

2026

Lot Size

0.14026446280991736 ac

About this property

Incredible Investment Opportunity – Brand-New Full Duplex! Discover the perfect blend of modern living and outstanding investment potential with this brand-new full duplex, built in 2026! Offering over 1,000 sq. ft. of developed living space on each side, this impressive property is an exceptional opportunity for investors, first-time buyers, or anyone looking to live in one unit while generating rental income from the other. Each side of this beautifully constructed duplex features a bright, open-concept layout with a stylish white kitchen, stainless steel appliances, two bedrooms, two full bathrooms, and the convenience of main-floor laundry. Modern finishes and a welcoming design create comfortable, functional living spaces that are sure to impress. The basement is a blank canvas with endless possibilities! Whether you're looking to expand your living space, add bedrooms, or create additional income potential, the options are yours to explore. The builder can complete the basement development within 30 days of possession, allowing you to customize the space to suit your needs. Quality construction and peace of mind are built into this package, featuring a durable ICF foundation, 30-year asphalt shingles, HIGH EFFICIENCY FURNACE, COMMERCIAL GRADE HOT WATER TANK and a 10-year new home warranty. Situated on a quiet street, the property also offers a detached garage at the rear. 2 parking pads for each side and plenty of off-street parking — adding convenience and value for homeowners and tenants alike. With Wolowski Development bringing over 20 years of industry experience and a strong commitment to quality workmanship, you can feel confident in the craftsmanship behind this impressive property. Available for immediate possession! Whether you're expanding your investment portfolio, looking for a smart house-hacking opportunity, or planning for future rental income, this full duplex offers incredible flexibility and potential. Live in one side. Rent out the other. Bu ild your future with this exceptional investment opportunity! A must-see property with modern style, quality construction, and income-generating potential. Don't miss your chance to make it yours! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$880K
Down payment30% · $264K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$33K

Annual cash flow

$-16K

Cash-on-cash

-5.90%

DSCR

0.68

Going-in cap

3.77%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

140,593

Households

57,555

Median income

$120,000

Median age

35.8

Daytime population

153,697

5-yr growth

2.6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 5131 & 5133 52 Street, Lacombe.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.