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Sylvan Lake · Single Family · under $450,000 · 3+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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4721 46 Street
This BEAUTIFUL UPDATED BI-LEVEL home sits on a generous lot in the heart of Sylvan Lake. A short stroll from the sandy beach, unique shops and a multitude of restaurants. Once inside you will appreciate the open concept floor plan and attractive updates. Luxury Vinyl Plank leads you throughout the hub of the home. Large windows allow for loads of natural light. Gorgeous glass light fixtures reflect the details of the textured ceilings. The kitchen features warm oak cabinetry and plenty of storage space. Dine inside or step thru the garden doors to enjoy the expansive patio. The backyard is fully fenced for the kids and pets to safely play. Mature trees offer additional privacy and shade. The main level includes a spacious primary suite with a pretty 2-piece powder room. Two additional bedrooms and an updated 4-piece bathroom complete the upper floor plan. The lower level lends itself to entertaining with it's oversized family room. A large bedroom and brand new 3-piece bathroom are perfect for company. Storage will never be an issue with 300 square feet to work with. Laundry is also found on this lower level. Additional upgrades include: fresh paint throughout, new flooring, and a renovation of all three bathrooms! An incredible investment for any buyer! Time is ticking, take a tour today! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Family room | 13.67 Ft x 21.75 Ft | |
| Bedroom | 7.92 Ft x 10.58 Ft | |
| 3pc Bathroom | 5.92 Ft x 5.75 Ft | |
| Storage | 3.08 Ft x 7.33 Ft | |
| Furnace | 19.25 Ft x 21.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 14.42 Ft x 13.67 Ft | |
| Kitchen | 9.17 Ft x 10.92 Ft | |
| Dining room | 8.67 Ft x 11.50 Ft | |
| Primary Bedroom | 11.67 Ft x 10.92 Ft | |
| 2pc Bathroom | 4.92 Ft x 4.08 Ft | |
| Bedroom | 7.83 Ft x 10.25 Ft | |
| Bedroom | 8.83 Ft x 10.17 Ft | |
| 4pc Bathroom | 7.33 Ft x 6.33 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
4.67%
Cap rate
5.80%
GRM
11.8
Break-even rent
$2,565
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
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Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 21, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.