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5121 54 Street
Elk Point Elk Point T0A 1A0

$1,250,000
Single Family beds: 1 baths: 1.0 1,950 sq. ft. built: 1979

Main Photo: 5121 54 Street: Elk Point House Fourplex for sale : MLS®# E4485832
Status:
Active
Prop. Type:
Single Family
MLS® Num:
E4485832
Bedrooms:
1
Bathrooms:
1
Year Built:
1979
* Sold date and price are as reported on the RAE’s MLS® system
A rare and compelling opportunity for the savvy investor. This package of four 4-plex buildings in the town of Elk Point delivers 16 rental units in a market defined by low supply and strong demand — the ideal conditions to build lasting income and long-term wealth. With residential rentals at a premium in smaller Alberta communities, this is your chance to secure a foothold and watch your portfolio flourish. Elk Point offers a full range of amenities including schools, hospital, banking, groceries, fuel, small businesses, and excellent recreational facilities — everything tenants need, right in town. Ideally situated just 25 minutes from St. Paul, one hour from the booming city of Cold Lake, and three hours from Edmonton. Strong location. Strong demand. Strong returns.
Property Type:
Single Family
Dwelling Type:
Quadruplex
Home Style:
Bi-Level
Total Floor Area:
1,950.01 sq. ft.
Price Per SqFt:
$641.02
Total area above grade.:
1,950 sq. ft.
Secondary Suite:
No
Taxes:
Lot Area:
8,487.99 sq. ft.
Lot Shape:
Rectangular
Grade Level Entry:
No
Levels:
2
Exposure / Faces:
West
Year built:
1979 (Age: 47)
Bedrooms:
1 (Above Grd: 1)
Bathrooms:
1.0 (Full:1/Half:0)
Total Rooms Above Grade:
1
Plan:
7921962
Building Type:
4PLEX
Construction:
Wood, Vinyl
Foundation:
Concrete Perimeter
Basement:
Full, Finished
Basement Development:
Fully Finished
Roof:
Asphalt Shingles
Floor Finish:
Carpet, Laminate Flooring, Linoleum
Heating:
Forced Air-1, Natural Gas
Parking:
See Remarks
Garage:
No
Ensuite:
No
Hot Water Natural Gas
Elk Point
Back Lane, Schools, Shopping Nearby
Hot Water Natural Gas
Back Lane, Schools, Shopping Nearby
Dryer, Refrigerator, Stove-Electric, Washer, See Remarks
None Known
Private
Floor
Ensuite
Pieces
Other
Main
No
4
Association Fee Frequency:
Association Fee Amount:
Seller Rights Reserved:
No
Zone:
Zone 60
Zoning:
Zone 60
Title to Land:
Fee Simple
Legal Lot:
11
Road Access:
Paved
LINC Number:
0012665593
Days On Website:
3 day(s)
  • Photo 1: 5121 54 Street: Elk Point House Fourplex for sale : MLS®# E4485832
    Photo 1 of 1
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Courtesy of Kim L Werenka of Century 21 Poirier Real Estate
Data was last updated May 5, 2026 at 11:30 PM (UTC)
Area Statistics
Listings on market:
27
Avg list price:
$150,000
Min list price:
$19,900
Max list price:
$495,000
Avg days in system:
664
Min days in system:
3
Max days in system:
3,359
Avg price per sq.ft.:
$197.97
These statistics are generated based on the current listing's property type and located in Elk Point. Average values are derived using median calculations. This data is not produced by The Association's MLS® System.
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Kerri Dechaine
Copyright 2026 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
Data last updated on May 5, 2026 at 11:30 PM (UTC).
Copyright 2026 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.