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Main Photo:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
Photo 1:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
Photo 2:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
Photo 3:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
Photo 4:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
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Photo 10:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
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Photo 14:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
Photo 15:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
Photo 16:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
Photo 17:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
Photo 18:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
Photo 19:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
Photo 20:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
Photo 21:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
Photo 22:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
Photo 23:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
Photo 24:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
Photo 25:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
Photo 26:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
Photo 27:  in Ponoka: Lucas Heights 4 plex for sale : MLS®# A2283104
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2283104
Year Built:
1976
Attention investors—this income-producing Ponoka fourplex offers four rental suites generating approximately $6,000 per month and $72,000 in annual gross rental income. The current suite mix includes two 2-bedroom lower suites rented at $1,200 per month each, one 3-bedroom main-floor suite rented at $1,400 per month, and a recently renovated suite rented at $2,200 per month with utilities included. Three of the four suites are responsible for their own natural gas and electricity, while the owner pays water for the property. The building has benefited from extensive improvements throughout. All suites have received updates including fresh paint, flooring, and electrical and plumbing improvements. Every suite also includes its own washer and dryer—an important feature for tenant convenience and long-term rental appeal. Additional upgrades include a repainted exterior, newer eavestrough, roof and some windows completed approximately eight years ago, all hot-water tanks updated within the past five years, and new bathtubs installed in two suites. Each suite offers two exits, while the corner-lot location provides rear parking along with additional street-side parking. The property is conveniently located close to schools, parks, and everyday amenities. At an asking price of $624,900, this property offers four income-producing units at approximately $156,225 per suite, with a gross annual income equal to approximately 11.5% of the asking price before operating expenses. Whether you are expanding an existing rental portfolio or looking to enter the multifamily investment market, this is an opportunity to acquire an established income property with strong rental revenue and many major improvements already completed. Current rental amounts, utility responsibilities, leases, and operating expenses are available for qualified buyers to review. Please allow appropriate notice for showings and do not disturb the tenants.
Property Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Possession:
Possession Date:
Total Living Area:
2,082 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Year built:
1976 (Age: 50)
Bathrooms:
- (Full:-, Half:-)
Plan:
7720100
Heating:
Forced Air, Natural Gas
Structure Type:
Four Plex
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Laminate, Vinyl Plank
Garage:
No
Parking:
Off Street, Stall
Parking Places:
4
Parking Total/Covered:
4 / -
Lucas Heights
n/a
None Known
Title to Land:
Fee Simple
Num. of Parcels:
0
Region:
Ponoka County
Zoning:
R4
Listed Date:
Jul 11, 2026
Days on Mkt:
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Listed by eXp Realty
Data was last updated July 13, 2026 at 12:05 PM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.