4411 48 Avenue Sylvan Lake, AB T4S 1N8
Listing Courtesy of: PILLAR 9 - IDX / Royal Lepage Network Realty Corp.

  4411 48 Avenue Sylvan Lake, AB T4S 1N8

Active (5 Days)
$975,000
2,615
SQFT
See Similar Listings

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.

MLS®:
A2221969
Type
Multifamily
Year Built
1993
Style
Bi-Level
County
Red Deer County

Listed By

Jacqui Fletcher, Royal Lepage Network Realty Corp.
Source
PILLAR 9 - IDX
Last checked May 28 2025 at 8:12 PM MDT
Bathroom Details
Interior Features
  • Appliances : Dishwasher
  • Appliances : Dryer
  • Appliances : Refrigerator
  • Appliances : Stove(s)
  • Appliances : Washer
Subdivision
  • Palo
Property Features
  • Fireplace: Total Fireplace(s) : 0
  • Foundation: Wood
Heating and Cooling
  • Natural Gas
Basement Information
  • Finished
  • Full
Flooring
  • Carpet
  • Tile
  • Vinyl Plank
Exterior Features
  • Roof: Asphalt Shingle
Parking
  • Parking Space(s) : 12
  • Other
Stories
  • 2
Living Area
  • 2,615 sqft
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Disclaimer: 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.
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.

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