Property overview
Commercial opportunity in Sylvan Lake
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. (id:66954)
Property details
- Property Type
- Commercial
- Property Sub Type
- Multi-family
- Transaction Type
- For Sale
- Listing Status
- Active
- List Price
- $659,900
- Building Type
- Multi-Family
- Total Building Area
- 2,009 sq. ft.
- Year Built
- 1977
- Heating
- Forced air, Natural gas
- Cooling
- None
- Zoning
- R2
Community
Downtown (Sylvan Lake)
Amenities
Lake Privileges
Information is provided for general reference and is subject to confirmation. Live listing data is supplied through REALTOR.ca DDF®.