5115 48 Avenue
Sylvan Lake
T4S 1G6
$499,000
Residential
beds: 4
baths: 2.0
1,087 sq. ft.
built: 2001
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2254715
- Bedrooms:
- 4
- Bathrooms:
- 2
- Year Built:
- 2001
- Photos (25)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
Cancel any time.
Are you a savvy investor or a first time home buyer looking to secure an amazing property in Sylvan Lake with rental income?!?! This well-maintained property has gone through extensive renovations and landscaping. LOCATION, LOCATION, LOCATION!! Close to downtown and the super fun Sylvan boardwalk – this property puts you in the heart of it all while maintaining quiet on a non-busy street. Currently the owner rents the upper and lower portions of the home separately, and it has also been a successful Air BnB. Main level boasts a great kitchen and dining room looking out onto a large and private backyard. A large office/flex room and two bedrooms with a full bath and large living room. Downstairs there is another full kitchen, living room, full bathroom and 2 more bedrooms. There is a separate laundry room at the bottom of the stairs as part of the shared large entrance. There are TWO SEPARATE yards, so if you are using this as a rental or Air BnB each guest has their dedicated space!! Both yards are completely fenced and the rear includes a 16x24 garage with power adding even more opportunity! *Most interior photos from prior to current tenants.
- Property Type:
- Residential
- Property Sub Type:
- Detached
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Possession:
- Signup
- Possession Date:
- Signup
- Suite:
- Suite - Illegal
- Home Style:
- Bi-Level
- Total Living Area:
- 1,087 sq. ft.
- Lower Level Finished Area:
- Signup
- Above Grade Finished Area:
- Signup
- Taxes:
- Signup
- Tax Assessed Value:
- Signup
- HOA Fee Includes:
- Signup
- Acreage:
- No
- Lot Area:
- 6,500 sq. ft.
- Lot Frontage:
- 50'
- Acres Cleared:
- Signup
- Acres Cultivated:
- Signup
- Acres Irrigated:
- Signup
- Acres Leasehold:
- Signup
- Acres Not Cultivated:
- Signup
- Acres Freehold:
- Signup
- Acres Seeded:
- Signup
- Acres Tame Hay:
- Signup
- Acres Treed:
- Signup
- Acres Waste:
- Signup
- Acres Water Rights:
- Signup
- Front Exposure:
- North
- Reg. Size:
- Signup
- Reg. Size Includes:
- Signup
- Levels:
- Bi-Level
- Total Rooms Above Grade:
- 6
- Year built:
- 2001 (Age: 24)
- Bedrooms:
- 4 (Above Grd: 2)
- Bedrooms Above Grade:
- 2
- Bedrooms Below Grade:
- 2
- Bathrooms:
- 2.0 (Full:2, Half:0)
- Plan:
- 1549AJ
- Heating:
- Forced Air
- Basement:
- Separate/Exterior Entry, Finished, Full, Suite
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Vinyl Siding, Wood Frame
- Structure Type:
- House
- Roof:
- Asphalt Shingle
- Ensuite:
- No
- Flooring:
- Ceramic Tile, Laminate, Linoleum
- Cooling:
- None
- Fireplaces:
- 0
- Garage:
- Yes
- Garage Spaces:
- 1
- Parking:
- Off Street, Parking Pad, Single Garage Detached
- Parking Places:
- 4
- Parking Total/Covered:
- 4 / -
- Laundry Features:
- In Basement, Lower Level
- Downtown (Sylvan Lake)
- Dishwasher, Microwave, Refrigerator, Stove(s), Washer/Dryer
- none
- None Known
- Floor
- Type
- Size
- Other
- Main Floor
- Entrance
- 6' × 4'7"
- Upper Level
- Kitchen
- 9' × 8'11"
- Upper Level
- Dining Room
- 9' × 7'9"
- Upper Level
- Living Room
- 16'7" × 11'5"
- Upper Level
- Office
- 9'6" × 8'10"
- Upper Level
- Bedroom
- 11'7" × 9'3"
- Upper Level
- Bedroom
- 11'6" × 9'5"
- Basement
- Kitchen
- 7'11" × 7'10"
- Basement
- Dining Room
- 7'10" × 7'8"
- Basement
- Living Room
- 16'4" × 14'2"
- Basement
- Bedroom
- 10'6" × 10'3"
- Basement
- Bedroom
- 8'8" × 8'6"
- Basement
- Laundry
- 7'2" × 5'1"
- Floor
- Ensuite
- Pieces
- Other
- Upper Level
- No
- 4
- 9'6" x 7'2"
- Basement
- No
- 4
- 4'11" x 8'5"
- Title to Land:
- Fee Simple
- Community Features:
- Golf, Lake, Park, Playground, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
- Interior Features:
- Ceiling Fan(s), French Door
- Exterior Features:
- None
- Patio And Porch Features:
- Deck, Patio
- Lot Features:
- Back Lane, Back Yard, City Lot, Lawn
- Num. of Parcels:
- 0
- Fencing:
- Cross Fenced, Fenced
- Region:
- Red Deer County
- Zoning:
- R2
- Listed Date:
- Sep 04, 2025
- Days on Mkt:
- Signup
-
Photo 1 of 25 -
front parking pad
-
main shared entrance
-
main shared entrance
-
upper inside entrance
-
upper ktichen
-
upper kitchen and dining
-
upper living room
-
Photo 9 of 25
-
Photo 10 of 25
-
office/flex upper
-
upper bedroom
-
shared laundry
-
upper bedroom
-
basement kitchen
-
basement
-
basement dining room
-
basement living
-
basement bed
-
basement bed
-
rear yard
-
rear yard
-
upper rear yard
-
basement side yard
-
basement side yard
Listed by RE/MAX real estate central alberta
Data was last updated September 17, 2025 at 04:05 PM (UTC)
Area Statistics
- Listings on market:
- 133
- Avg list price:
- $439,900
- Min list price:
- $219,900
- Max list price:
- $1,800,000
- Avg days on market:
- 38
- Min days on market:
- 2
- Max days on market:
- 364
- Avg price per sq.ft.:
- $366.34
These statistics are generated based on the current listing's property type
and located in
Sylvan Lake. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- Pras Krishnappa
- RE/MAX KEY
- 403-324-5656
- contact@pk-realty.com