Looking to invest in real estate? Check out The Fairmont — an affordable 4-plex in Caroline, Alberta with all 4 units currently occupied! This investment property features four up/down suites, each offering 3 bedrooms, 1 bathroom, a bright front kitchen/living area, in-suite laundry, storage, and separate furnace and hot water tanks. With low vacancy rates and steady rental income, it’s a smart choice whether you're starting your rental portfolio or expanding it. Rear and front off-street parking available. Owner pays water, sewer, and garbage—tenants pay their own gas and power. A solid investment in a growing community! Photos are of Unit D when it was vacant.
For sale
C$309,900
5111 49th St, Caroline, AB T0M 0M0
--beds
--baths
2,080sqft
Quadruplex
Built in 1990
-- sqft lot
$-- Zestimate®
C$149/sqft
C$-- HOA
What's special
In-suite laundryOff-street parking
- 13 days
- on Zillow |
- 6 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: May 28, 2025 at 09:25am
Listed by:
Nolin Maurier, Broker,
Realty Experts Group Ltd,
Nicole Maurier, Associate,
Realty Experts Group Ltd
Source: courtesy of Pillar9 System,MLS®#: A2221185
Originating MLS®#: Central Alberta

Travel times
Facts & features
Interior
Heating
- Forced Air, Natural Gas
Appliances
- Included: Electric Stove, Refrigerator, Washer/Dryer
- Laundry: In Unit
Interior area
- Total interior livable area: 2,080 sqft
Property
Parking
- Total spaces: 4
- Parking features: Off Street, Parking Pad
- Has uncovered spaces: Yes
Lot
- Size: 6,098.4 Square Feet
- Features: Back Lane, Back Yard, Landscaped, Level
Details
- Parcel number: 93308490
- Zoning: R1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- Year built: 1990
Community & HOA
Community
- Subdivision: NONE
Location
- Region: Caroline
Financial & listing details
- Price per square foot: C$149/sqft
- Date on market: 5/27/2025
- Date available: 07/17/2025
- Inclusions: N/A
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