pillar/IMG-A2254715_1.jpg
11 days on Market

5115 48 Ave, Sylvan Lake, Alberta T4S 1G6

Detached
2 + 2
2
~1087.00 sqft
$524,000
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Detached
2 + 2
2
~1087.00 sqft

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Highlights

Property Estimate

Days on market11 days

Estimated valueNot available

Price/Sqft$482/sqft

Monthly cost

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Description

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 Details

StyleBi-Level
View-
Age of property2001
SqFt~1087.00 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberA2254715
Community NameSylvan Lake
Data SourcePILLAR 9
Listing byRE/MAX real estate central alberta

Features

Heating: Forced Air
Basement: Separate/Exterior Entry,Finished,Full,Suite

Main Floor

Entrance

6`0" x 4`7"


Features

Patio: Deck,Patio

Parking

Garage spaces 1

Garage type -

Other parking spaces 3

Total parking spaces 4


Property History

Sep 4, 2025
ListedActive
$524,000
11 days on market
history photo preview25
Listing by pillar 9®
Property listed by RE/MAX real estate central alberta, Brokerage
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Market Data - Sylvan Lake

Geo Zone Map ThumbnailSylvan Lake

Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

42 days

Compared to

2024

32 days

2023

31 days

2022

27 days

New Listings

Past 30 days

48 listings

Compared to

2024

33 listings

2023

34 listings

2022

44 listings

Units sold

Past 30 days

26 units

Compared to

2024

23 units

2023

28 units

2022

19 units

Median Sold Price

Past 30 days

$483,500

Compared to

2024

$458,000

2023

$402,500

2022

$366,000


Population and Demographics

Overview

Total population 11969
Average household income $119,570

Age (%)

0 to 19
28%
20 to 34
20%
35 to 49
23%
50 to 64
18%
65 and plus
11%

Household composition (%)

Single family
66%
Single person
28%
Multi person
6%
Multi family
0%

Mother tongue (%)

English
95%
Others
3%
French
1%

House tenancy (%)

Owners
67%
Renters
33%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget