- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- A2349257
- Year Built:
- 1977
- Photos (50)
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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.
- Property Type:
- Multi-Family
- Property Sub Type:
- 4 plex
- Transaction Type:
- For Sale
- Possession:
- Signup
- Possession Date:
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- Total Living Area:
- 2,009 sq. ft.
- Main Level Finished Area:
- 2,009 sq. ft.
- Upper Level Finished Area:
- 2,009 sq. ft.
- Lower Level Finished Area:
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- Above Grade Finished Area:
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- Taxes:
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- Tax Assessed Value:
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- HOA Fee Includes:
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- Lot Area:
- 11,250 sq. ft.
- Acres Cleared:
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- Acres Cultivated:
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- Acres Irrigated:
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- Acres Leasehold:
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- Acres Not Cultivated:
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- Acres Freehold:
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- Acres Seeded:
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- Acres Tame Hay:
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- Acres Treed:
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- Acres Waste:
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- Acres Water Rights:
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- Reg. Size:
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- Reg. Size Includes:
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- Year built:
- 1977 (Age: 49)
- Bathrooms:
- - (Full:-, Half:-)
- Plan:
- 7833AT
- Heating:
- Forced Air, Natural Gas
- Foundation:
- Poured Concrete
- Structure Type:
- Four Plex
- Roof:
- Asphalt Shingle
- Ensuite:
- No
- Flooring:
- Carpet, Vinyl Plank
- Cooling:
- None
- Fireplaces:
- 0
- Garage:
- No
- Parking Places:
- 8
- Parking Total/Covered:
- 8 / -
- Downtown (Sylvan Lake)
- Electric Stove, Refrigerator, Washer/Dryer
- 4 Fridges, 4 Stoves, 1 Commercial Washer/Dryer, Window Coverings(except the ones owned by the tenant), Storage Shed
- None Known
- Title to Land:
- Fee Simple
- Community Features:
- Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
- Patio And Porch Features:
- Balcony(s)
- Num. of Parcels:
- 0
- Fencing:
- Partial
- Region:
- Red Deer County
- Zoning:
- R2
- Listed Date:
- Sep 30, 2026
- Days on Mkt:
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New HWT
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Front Stairs
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Front Entrance
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Front Stairs
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Back Entrance
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Back entrance
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Laundry
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Listed by Realty Executives Alberta Elite
Data was last updated October 2, 2026 at 02:05 PM (UTC)
- Nichols Real Estate Group
- CIR Realty
- 1 (403) 302-0800
- Contact by Email
Jon Nichols
Denise Nichols
Joel Nichols
Jackie Nichols
CIR Realty
Office Address:
#2 4405 52 Avenue
Red Deer, Alberta, T4N 6S4