4507 48 AVENUE
Red Deer (Central Alberta) · T4S1N8
$1,499,000
About this residence
INVESTMENT OPPORTUNITY in SYLVAN LAKE!Discover this exceptional like new 2023 fourplex, ideally located in the heart of Sylvan Lake — a vibrant community known for its beautiful lake, golf courses, lively downtown filled with shops and restaurants, and a top-notch hockey arena at the NexSource Centre. Each high-end, spacious unit features 4 bedrooms and 3.5 bathrooms, offering exceptional value and comfort. The main floor welcomes you with a bright, open-concept design that includes a stylish kitchen with a walk-in pantry, a cozy living room, and a convenient 2-piece bath. From the living area, 2 suites step out onto the private deck that overlooks a fully fenced backyard and two suites out to the front area, perfect for relaxing or entertaining. Upstairs, you’ll find three generous bedrooms and a full 4-piece bathroom. The primary suite boasts a walk-in closet and its own luxurious 4-piece ensuite. The finished basement adds even more living space, featuring a family room, an additional bedroom, and another full 4-piece bath—ideal for tenants seeking space and privacy. Situated close to shopping, schools, the community centre, and just three blocks from the lake, this property offers both convenience and lifestyle appeal. All units currently rented for $2400 each plus utilities. A rare opportunity to own a 4-plex in one of Central Alberta’s most desirable lakeside towns! (id:61366)
Property details
- Property type
- Multi-family
- Style
- Multi-Family
- Ownership
- Freehold
- Living area
- 1,554 sq ft
- Parking
- 8 spaces
- Year built
- 2023
- Annual tax
- $11,412
- MLS®
- A2268499
- Board
- Red Deer (Central Alberta)
- Status
- Inactive
- Listed
- Nov 10, 2025
- Updated
- May 28, 2026
Features & finishes
Appliances
- Washer
- Refrigerator
- Dishwasher
- Dryer
- Stove
Heating
- Forced air
- Natural gas
Foundation
- Poured Concrete
Financing
Estimated monthly payment
$7,010/mo
Loan amount
$1,199,200
Down payment
$299,800
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Red Deer (Central Alberta)
Nearby
About the area
Census · T4S- 20,586
- Population
- 37
- Median age
- $96,000
- Median income
- $376,000
- Median home value
- 72%
- Home ownership
- 27 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 4507 48 AVENUE?
4507 48 AVENUE is listed for $1,499,000, in Red Deer (Central Alberta).
What type of home is 4507 48 AVENUE?
4507 48 AVENUE is a Multi-family, Multi-Family, built in 2023.
How large is 4507 48 AVENUE?
The home offers approximately 1,554 sq ft of living space.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $7,010. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $11,412 per year.
Is there parking?
Yes — 4507 48 AVENUE includes 8 parking spaces.
What is the Red Deer (Central Alberta) area like?
Red Deer (Central Alberta) has a population of about 20,586, a median age of 37, a 72% home-ownership rate, with an average commute of about 27 minutes.
What is the average home value in Red Deer (Central Alberta)?
The median dwelling value in this area is approximately $376,000, based on census data via Neighbourly.
What is the median household income in Red Deer (Central Alberta)?
The median household income in this area is approximately $96,000.
Similar residences
Comparable Multi-Family near Red Deer (Central Alberta) at a similar price.
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