4639 48 Street

1 / 40

$659,900

4639 48 Street

Downtown, Sylvan Lake · MLS® A2349257

2,009 sq ft · 11,250 sq ft lot · House · Multi-family · built 1977 · 24 days on market

listed by Cindy Price, Realty Executives Alberta Elite

realtor's 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 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! 8% CAP Rate!

property details

type: House, Multi-family
living area: 2,009 sq ft
lot: 11,250 sq ft
parking: 8
year built: 1977
property tax: $4,619 / yr
days on market: 24
MLS®: A2349257

features

Lake Privileges
Refrigerator
Stove
Washer & Dryer

monthly cost

$3,260/mo

Mortgage $2,875 · Tax $385

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$2,875/ monthly

loan $527,920

25-year amortization

down payment20% · $131,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $334,616
land title fees: $1,290; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $133,270; down + land title fees
total paid: $862,536

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

Downtown, Sylvan LakeGoogle Maps ↗

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4639 48 Street

1 / 40

$659,900

4639 48 Street

Downtown, Sylvan Lake · MLS® A2349257

2,009 sq ft · 11,250 sq ft lot · House · Multi-family · built 1977 · 24 days on market

listed by Cindy Price, Realty Executives Alberta Elite

realtor's description

property details

type: House, Multi-family
living area: 2,009 sq ft
lot: 11,250 sq ft
parking: 8
year built: 1977
property tax: $4,619 / yr
days on market: 24
MLS®: A2349257

features

Lake Privileges
Refrigerator
Stove
Washer & Dryer

property tax

about $6,598 a year

The asking price times Sylvan Lake's 2026 residential rate of 10.00 per $1,000 (municipal and education).

The listing shows $4,619 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.

monthly cost

$3,260/mo

Mortgage $2,875 · Tax $385

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$2,875/ monthly

loan $527,920

25-year amortization

total interest: $334,616
land title fees: $1,290; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $133,270; down + land title fees
total paid: $862,536

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.