4639 48 ST, Sylvan Lake, AB T4S 1L4
4639 48 ST, Sylvan Lake, AB T4S 1L4
4639 48 ST, Sylvan Lake, AB T4S 1L4
4639 48 ST, Sylvan Lake, AB T4S 1L4
4639 48 ST, Sylvan Lake, AB T4S 1L4
4639 48 ST, Sylvan Lake, AB T4S 1L4
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Viren Vijayashankar

Viren Vijayashankar

Bowhaven - Exp Realty of Canada

+1(587) 742-8877
$ 675,000
Est. payment | /mo

2,009 SqFt


$ 675,000
Est. payment | /mo

2,009 SqFt

Key Details

Property Type Multi-Family

Sub Type 4 plex

Listing Status Active

Purchase Type For Sale

Square Footage 2,009 sqft

Price per Sqft $335

Subdivision Downtown

MLS® Listing ID A2321605

Year Built 1977

Annual Tax Amount $4,209

Tax Year 2025

Lot Size 0.258 Acres

Acres 0.26

Property Sub-Type 4 plex

Source Central Alberta

Property Description

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! Cap Rate Currently 5.1, Potential CAP Rate 8.1%!

Location

Province AB

County Red Deer County

Zoning R2

Interior

Heating Forced Air, Natural Gas

Cooling None

Flooring Carpet, Vinyl Plank

Inclusions 4 Fridges, 4 Stoves, 1 Commercial Washer/Dryer, window Coverings, Storage Shed

Exterior

Fence Partial

Community Features Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights

Roof Type Asphalt Shingle

Porch Balcony(s)

Total Parking Spaces 8

Building

Foundation Poured Concrete

Others

Restrictions None Known

Tax ID 101428671

Ownership Private

Virtual Tour https://unbranded.youriguide.com/1_2_3_4_4639_48_st_sylvan_lake_ab/

Listed by Realty Executives Alberta Elite
LOCATION AND OTHER NEARBY PROPERTIES

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4639 48 ST

REVIEWS

Geeta Singh

As a professional and knowledgeable real estate agent, Viren made the journey of purchasing a home in the Calgary area completely seamless. I felt supported and informed at every single step. His market expertise and unwavering patience truly stood out.

Sartaj Sekhon

Working with Viren is an absolute pleasure, and he is easily one of the most professional Realtors in North West Calgary. What I appreciate most about him is how he always keeps the bigger picture in mind. He doesn’t just focus on getting a quick deal done; he actually steps back, considers the long-term strategy, and focuses on what makes the most sense for his clients down the road. Additionally, his communication is top-notch. He keeps you in the loop every step of the way, anticipates questions before they come up, and is very resourceful when it comes to getting answers and solving problems. He has a great network of folks that he can tap into to resolve any issue! If you're looking for a collaborative, down-to-earth Realtor who truly knows his stuff and puts his clients first, give Viren a call!

Charlene Soares

Viren is a very responsive realtor who drops everything to come see his clients. He will help you with your house purchasing decisions by providing additional resources to evaluate the current market situation and always available for questions. Great realtor to choose if you are on the market searching for excellent help!
Viren Vijayashankar

Viren Vijayashankar

Agent CON-00135400

+1(587) 742-8877

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