5115 48 Avenue, Sylvan Lake, Alberta

$524,000

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4

Beds

2

Baths

1,087

Square feet

0.15

Acres

About 5115 48 Avenue

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.

Features of 5115 48 Avenue

MLS® # A2254715
Price $524,000
Bedrooms 4
Bathrooms 2.00
Full Baths 2
Square Footage 1,087
Acres 0.15
Year Built 2001
Type Residential
Sub-Type Detached
Style Bi-Level
Status Active

Community Information

Address 5115 48 Avenue
Subdivision Downtown
City Sylvan Lake
County Red Deer County
Province Alberta
Postal Code T4S 1G6

Amenities

Parking Spaces 4
Parking Off Street, Parking Pad, Single Garage Detached
# of Garages 1
Is Waterfront No
Has Pool No

Interior

Interior Features Ceiling Fan(s), French Door
Appliances Dishwasher, Microwave, Refrigerator, Stove(s), Washer/Dryer
Heating Forced Air
Cooling None
Fireplace No
Has Basement Yes
Basement Exterior Entry, Finished, Full, Suite

Exterior

Exterior Features None
Lot Description Back Lane, Back Yard, City Lot, Lawn
Roof Asphalt Shingle
Construction Vinyl Siding, Wood Frame
Foundation Poured Concrete

Additional Information

Date Listed September 4th, 2025
Days on Market 2
Zoning R2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX real estate central alberta

Listing Map