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$ 975,000
Est. payment /mo
New
4411 48 Avenue Sylvan Lake, AB T4S1N8
2,615 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
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 Freehold
Source Central Alberta REALTORS® Association
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. 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. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Flooring Carpeted, Tile, Vinyl Plank
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 12
Private Pool No
Building
Architectural Style Bi-level
Others
Ownership Freehold
Virtual Tour https://unbranded.youriguide.com/4411_48_ave_sylvan_lake_ab/
Listed by Royal Lepage Network Realty Corp.