• Price 659,900
  • 4 plex For Sale
  • MLS A2349257
4639 48 Street
Sylvan Lake, Alberta T4S 1L4

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 unit 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.

  • TransactionFor Sale
  • NeighbourhoodDowntown
  • Commercial Type4 plex
  • FoundationPoured Concrete
  • Air ConditioningNone
  • HeatingForced Air, Natural Gas
  • Inclusions4 Fridges, 4 Stoves, 1 Commercial Washer/Dryer, Window Coverings(except the ones owned by the tenant), Storage Shed
  • ZoningR2
  • Year Built1977
  • Cindy Price - Realty Executives Alberta Elite 403-342-4455
All information displayed is believed to be accurate but is not guaranteed by Central Alberta REALTORS® Association and should be independently verified. No warranties or representations of any kind are made.