$659,900
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4639 48 Street, Sylvan Lake, AB T4S 1L4

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- Beds
0 Baths
187 Sq Ft

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 5.4, Potential CAP Rate 8.1%!

Listing By: Cindy Price - Realty Executives Alberta Elite cnpilar Realty.com
  • MLS® A2321605
  • Date Listed06/16/2026
  • Days on Realty 104 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 0.26 acres (11,250 sq. ft)
  • Subdivision Downtown
  • County Red Deer County
  • Year Built 1977
  • Square Feet 187 sq. ft
  • Price Per Sq. Ft $3535.68

Interior Features

  • Flooring Carpet, Vinyl Plank
  • Cooling None
  • Heating Forced Air, Natural Gas

Exterior / Lot Features

  • Roof Shingle
  • Lot Size Acres 0.26
  • Lot Size SQFT 11,250.00
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T4S 1L4

Discover key demographics, population statistics, and environmental insights for the Sylvan Lake, AB area.

Walkability in AB / T4S 1L4

Source: Walk Score

57/100

Somewhat Walkable

Walk Score ®

0/100

Minimal Transit

Transit Score ®

39/100

Bikable

Bike Score ®

Overview

Some errands can be accomplished on foot. It is possible to get on a bus. Minimal bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 16/100, Transit Score: 0/100, Bike Score: 29/100.

Points of Interest near 4639 48 Street, Sylvan Lake, AB T4S 1L4

Frequently Asked Questions for 4639 48 Street

Source: Realty.com

4639 48 Street, Sylvan Lake, AB T4S 1L4 in Downtown, Sylvan Lake, AB T4S 1L4 is a quadruplex listed at $659,900. Highlights include 187 sq. ft., built in 1977, 0.26 acre lot, $3,536 per sq. ft.. Realty.ca has 50 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 50 photos of 4639 48 Street.

Our records indicate that 4639 48 Street was built in 1977.

The full address for this home is 4639 48 Street, Sylvan Lake, AB T4S 1L4.

4639 48 Street has been listed on Realty.com since Tue June 16, 2026

Some errands can be accomplished on foot. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 16/100, Transit Score: 0/100, Bike Score: 29/100.

Listing provided courtesy of: Realty Executives Alberta Elite (tel: 403-342-4455)
Listing agent: Cindy Price

This content last refreshed on 2026-09-28 17:53:24. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.