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 16×24 garage with power adding even more opportunity!   *Most interior photos from prior to current tenants.
Property Details
Price:
$499,000
MLS #:
A2254715
Status:
Active
Beds:
4
Baths:
2
Type:
Single Family
Subtype:
Detached
Subdivision:
Downtown
Listed Date:
Sep 6, 2025
Finished Sq Ft:
1,087
Lot Size:
6,500 sqft / 0.15 acres (approx)
Year Built:
2001
See this Listing
Schools
Interior
Appliances
Dishwasher,  Microwave,  Refrigerator,  Stove(s),  Washer/Dryer
Basement
Separate/Exterior  Entry,  Finished,  Full,  Suite
Bathrooms  Full
2
Laundry  Features
In  Basement,  Lower  Level
Exterior
Exterior  Features
None
Lot  Features
Back  Lane,  Back  Yard,  City  Lot,  Lawn
Parking  Features
Off  Street,  Parking  Pad,  Single  Garage  Detached
Parking  Total
4
Patio  And  Porch  Features
Deck,  Patio
Roof
Asphalt  Shingle
Financial
Map
Community
- Address5115 48 Avenue Sylvan Lake AB
 - SubdivisionDowntown
 - CitySylvan Lake
 - CountyRed Deer County
 - Zip CodeT4S 1G6
 
Subdivisions in Sylvan Lake
Market Summary
Current real estate data for Single Family in Sylvan Lake as of Nov 04, 2025
103
Single Family Listed
65
Avg DOM
404
Avg $ / SqFt
$563,307
Avg List Price
Property Summary
- Located in the Downtown subdivision, 5115 48 Avenue Sylvan Lake AB is a Single Family for sale in Sylvan Lake, AB, T4S 1G6.  It is listed for $499,000 and features 4 beds, 2 baths, and has approximately 1,087 square feet of living space, and was originally constructed in 2001. The current price per square foot is $459.  The average price per square foot for Single Family listings in Sylvan Lake is $404.  The average listing price for Single Family in Sylvan Lake is $563,307.  To schedule a showing of MLS#a2254715 at 5115 48 Avenue in Sylvan Lake, AB, contact your Walter Saccomani | Real Broker agent at 4039035395.
 
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5115 48 Avenue
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