Homes for sale - 4411 48 AVE, Sylvan Lake, AB T4S 1N8

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Stirling Karlsen

stirling@stirlingkarlsen.com +1(403) 921-3380

$ 975,000

Est. payment | -/mo

2,615 SqFt

Save Virtual Tour

$ 975,000

Est. payment | -/mo

Save Virtual Tour

2,615 SqFt

Key Details

Property Type Multi-Family, Townhouse

Sub Type Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,615 sqft

Price per Sqft $372

Subdivision Palo

MLS® Listing ID A2221969

Style Bi-Level

Year Built 1993

Annual Tax Amount $4,121

Tax Year 2024

Property Sub-Type Row/Townhouse

Source Central Alberta

Property Description

This well-maintained multi-family property is located in the heart of downtown Sylvan Lake, just three blocks from the lake and within walking distance to coffee shops, restaurants, shopping, playgrounds, and other amenities. A rare investment opportunity in a growing, vibrant community, this building comes with six fully rented units, making it an ideal income-generating property. Each bi-level unit offers its own private entrance, providing privacy and convenience for tenants. The lower level features two bedrooms and a 4-piece bathroom, while the upper level includes the kitchen, living room, and in-suite laundry. All units are equipped with a refrigerator, stove, washer, and dryer, and two of the rear units also include dishwashers. Flooring consists of a mix of tile and vinyl plank, with some units featuring carpeted areas for added comfort. Each unit has its own dedicated hot water tank and furnace, and separately metered gas and electricity allowing for individual control of heating and utilities. The property also includes a gravel parking lot with 12 parking spaces, offering ample off-street parking for residents and guests. The shingles were replaced 5 years ago. Gross revenue is currently $8000.
This is a great opportunity for investors looking to acquire a well-located, income-generating property in the desirable lakeside community of Sylvan Lake.

Location

Province AB

County Red Deer County

Zoning R2

Rooms

Basement Finished, Full

Interior

Heating Forced Air, Natural Gas

Flooring Carpet, Tile, Vinyl Plank

Inclusions 6 Refrigerators, 6 Stoves, 2 Dishwashers, 6 Washers, 6 Dryers

Appliance Dishwasher, Dryer, Refrigerator, Stove(s), Washer

Exterior

Parking Features Other

Garage Description Other

Roof Type Asphalt Shingle

Total Parking Spaces 12

Building

Story 1

Foundation Wood

Architectural Style Bi-Level

Level or Stories Bi-Level

Others

Restrictions None Known

Tax ID 92476069

Ownership Private

Virtual Tour https://unbranded.youriguide.com/4411_48_ave_sylvan_lake_ab/

Listed by Royal Lepage Network Realty Corp.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(403) 921-3380

stirling@stirlingkarlsen.com

T2T 1Y5, CAN

4411 48 AVE Sylvan Lake, AB T4S 1N8