4639 48 Street , Sylvan Lake, Alberta
2,009
Square feet
0.26
Acres
About 4639 48 Street
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! Rents were increased for January 1, 2027 which will show a 7.1 CAP Rate for 2027.
Facts & Features of 4639 48 Street
| MLS® # | A2349257 |
|---|---|
| Price | $659,900 |
| Square Footage | 2,009 |
| Acres | 0.26 |
| Year Built | 1977 |
| Type | Multi-Family |
| Sub-Type | 4 plex |
| Status | Active |
Community Information
| Address | 4639 48 Street |
|---|---|
| Subdivision | Downtown |
| City | Sylvan Lake |
| County | Red Deer County |
| Province | Alberta |
| Postal Code | T4S 1L4 |
Amenities of 4639 48 Street
| Parking Spaces | 8 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Electric Stove, Refrigerator, Washer/Dryer |
|---|---|
| Heating | Forced Air, Natural Gas |
| Cooling | None |
| Fireplace | No |
| Has Basement | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation | Poured Concrete |
Additional Information
| Date Listed | September 30th, 2026 |
|---|---|
| Zoning | R2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Realty Executives Alberta Elite |
|---|
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