1019 Cassils RD W #1-4, Brooks, AB T1R 0C8
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1019 Cassils RD W #1-4, Brooks, AB T1R 0C8
1019 Cassils RD W #1-4, Brooks, AB T1R 0C8
1019 Cassils RD W #1-4, Brooks, AB T1R 0C8
1019 Cassils RD W #1-4, Brooks, AB T1R 0C8

$550,000

Est. payment /mo

$548,000

0.4%
Est.Price: ?

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1019 Cassils RD W #1-4 Brooks, AB T1R 0C8

1,819 SqFt

SOLD DATE : 04/14/2026

Key Details

Sold Price $550,000

Property Type Multi-Family

Sub Type 4 plex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,819 sqft

Price per Sqft $302

Subdivision West End

MLS® Listing ID A2296341

Sold Date 04/14/26

Style Bi-Level

Year Built 1976

Annual Tax Amount $4,476

Tax Year 2025

Property Sub-Type 4 plex

Source South Central

Property Description

Turnkey investment opportunity in the heart of Brooks, Alberta. Well maintained 4-plex, built in 1976, offers four 2 bedroom units, making it an attractive addition to any investor's portfolio. With a strong annual gross rental income of $53,400 and an estimated cap rate exceeding 5.5%, this property delivers reliable cash flow and value.

Each unit is separately metered, tenants responsible for their own power and gas, helping to keep operating costs predictable and manageable. Current annual expenses include approximately $4,472 in property taxes and $5,100 in insurance, supporting solid net income performance. Owner pays city utility, to date average monthly cost of $325.

Hail damage repair this spring will include new roof and exterior. Situated in a stable rental market, this property benefits from consistent demand for affordable, multi-family housing. Whether you're expanding your portfolio or entering the investment market, this 4-plex presents a compelling combination of income, efficiency, and potential for future appreciation.

A smart, income-generating asset in a rental demand Alberta community.

Location

State AB

County Brooks

Zoning R3

Interior

Heating Forced Air, Natural Gas

Appliance Electric Stove, Range Hood, Stove(s), Washer/Dryer

Laundry In Basement

Exterior

Roof Type Tar/Gravel

Lot Frontage 75.0

Total Parking Spaces 8

Building

Architectural Style Bi-Level

Level or Stories Bi-Level

Others

Restrictions None Known

Tax ID 56472633

Ownership Private

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Listed by RE/MAX Main Street Realty

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