4639 48 Street Sylvan Lake, Alberta T4S 1L4
$675,000.00
4-Plex in the Heart of Sylvan Lake sitting on 3 lots!!! Amazing Investment Opportunity 3 - 2 Bedroom Units that are 931 square feet, 909 square feet and 861 Square feet plus a 1 bedroom lower level suite which is 642 square feet! All Units are in very good condition with newer kitchens and appliances and all have in unit storage! Front and Back Entrances, a ton of parking, Laundry Room with 1 Commercial Washer and Dryer, additional storage area, which could convert the 1 Bedroom lower level unit to a 2 bedroom unit. Roof is 30 Year Architectural Shingles which are believed to be 15 years old. HWT was replaced last year! Balconies were just rebuilt and painted, Front and Back Entrances have new Vinyl Plank Flooring, New Paint in Back Entrance. Excellent Investment Opportunity! Cap Rate Currently 5.1, Potential CAP Rate 8.1%! (id:63844)
Property Details
| MLS® Number | A2321605 |
| Property Type | Multi-family |
| Community Name | Downtown |
| Amenities Near By | Park, Playground, Schools, Shopping, Water Nearby |
| Community Features | Lake Privileges |
| Parking Space Total | 8 |
| Plan | 7833at |
Building
| Constructed Date | 1977 |
| Cooling Type | None |
| Flooring Type | Carpeted, Vinyl Plank |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 2,009 Ft2 |
| Total Finished Area | 2009 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| Fence Type | Partially Fenced |
| Land Amenities | Park, Playground, Schools, Shopping, Water Nearby |
| Size Irregular | 11250.00 |
| Size Total | 11250 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Size Total Text | 11250 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Zoning Description | R2 |
Contact Us
Contact us for more information
123, 5301 - 43 Street
Red Deer, Alberta T4N 1C8
(403) 342-4455
(403) 346-8485
www.realtyexecutivesalbertaelite.com
123, 5301 - 43 Street
Red Deer, Alberta T4N 1C8
(403) 342-4455
(403) 346-8485
www.realtyexecutivesalbertaelite.com
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September 02 2026 06:55:59
Central Alberta REALTORS® Association
Realty Executives Alberta Elite