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4411 48 Avenue

Sylvan Lake T4S 1N8

MLS® Number:  A2221969

Back to Palo   

  • Home \
  • Sylvan Lake \
  • Palo \
  • 4411 48 Avenue

$ 975,000

0

BEDROOMS

0 + 0

BATHROOMS

1993

YEAR BUILT

https://www.cirrealty.ca/reb/cara/9/A2221969_2.jpg

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MLS® Number
A2221969
PROPERTY TYPE
Row/Townhouse
LISTING DATE
May-23-2025

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.

COMMUNITY  Palo
PROPERTY TYPE  Row/Townhouse
BUILDING TYPE  Five Plus
STYLE  Bi-Level
YEAR BUILT 1993
SQUARE FOOTAGE  2,615
BEDROOMS  0
BATHROOMS  0
BASEMENT  Finished, Full
AMENITIES 
APPLIANCES  Dishwasher, Dryer, Refrigerator, Stove(s), Washer
COOLING 
FIREPLACE  N/A
FLOORING  Carpet, Tile, Vinyl Plank
HEATING  Forced Air, Natural Gas
LAUNDRY 
LOT FEATURES 
PARKING  Other
RESTRICTIONS  None Known
ROOF  Asphalt Shingle
TITLE  Fee Simple
BROKER  Royal Lepage Network Realty Corp.

 

 

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Data supplied by CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE MLS® System. CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.Copyright [2024] by the REALTORS® Association of Edmonton. All Rights Reserved.