4615 50 ST

Multi Family For Sale in Other, Sylvan Lake

  • 14,262 Sq. Ft.
  • Built 1976

Sylvan Place, Substantially upgraded and exceptionally well maintained 18 unit apartment building in Sylvan Lake. Brick exterior on 4 sides. 12-2 bedroom units, 6-1 bedroom units. Fully occupied. Almost all apartments are completely renovated including electrical. All new windows and patio doors, most with new kitchens & bathrooms, most with laminate & ceramic tile flooring. Shingles replaced, hallway carpeting replaced, newer hot water tank for boiler, all units with separate electrical meters. Storage locker room on lower level. Unit doors recently repainted with new numbering. Really a great investment where most of the major improvements are already completed. All with balconies, some units have views of the Lake. 2 coin operated washers & 2 coin operated dryers are owned and included in the price. All located in the resort town of Sylvan Lake, 20 min west of Red Deer with a population of approx 15,000 people and approx 760,000 visitors during the summer months.

Address 4615 50 ST
List Price $1,325,000
Property Type Commercial
Type of Dwelling Multi Family
Area Sylvan Lake
Sub-Area Other
Floor Area 14,262 Sq. Ft.
Year Built 1976
MLS® Number C4187535
Postal Code T4S 1L7
Site Influences Views, See Remarks, Level, Near Shopping Center, Landscaped, Street Lights, Back Lane