4411 48 AVE new Save Request In-Person Tour Request Virtual Tour
Sylvan Lake,AB T4S 1N8
Key Details
Property Type 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
Property Sub-Type Row/Townhouse
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
Roof Type Asphalt Shingle
Total Parking Spaces 12
Building
Dwelling Type Five Plus
Story 1
Foundation Wood
Architectural Style Bi-Level
Level or Stories Bi-Level
Others
Restrictions None Known
Tax ID 92476069
Virtual Tour https://unbranded.youriguide.com/4411_48_ave_sylvan_lake_ab/