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Property Description

Uncover a high-potential development site in a prime lakeside location. This 9728sqr ft parcel offers immediate flexibility a multi family project.

The Opportunity:

Flexible Zoning: Current zoning allows for multifamily development or a commercial/residential mix (commercial on main, living quarters above).

Expansion Potential: The adjacent double-lot property is also available, providing the rare chance to assemble a large 5-lot consolidated site just blocks from the water.

Revenue While You Plan: The existing 3-bedroom structure has been freshened with new flooring and paint, making it a turnkey holding property. It is perfectly suited for a short-term rental (Airbnb) or long-term lease to offset carrying costs during the permitting and design phase.

The Site:

Lot Size: 75 ft x 130 ft total.

Servicing: Double detached garage already on site.

Location: High-visibility/high-demand area within walking distance to the lake.

This is a land-value play with the added benefit of a functional, move-in-ready building to bridge the gap to construction.

Features
: Fireplace(s), Space Heater, Electric, Wall Furnace
: Partial
: Wood Burning
: Double Garage Detached
: Refrigerator, Stove(s), Washer/dryer
: Private Yard, Fire Pit
: Primary Downstairs
: Playground, Schools Nearby, Shopping Nearby, Walking/bike Paths, Lake, Sidewalks, Fishing, Golf
: Main Level
: Private, Back Lane, Many Trees, Interior Lot
Address Map
Alberta
Red Deer County
Sylvan Lake
T4S1G6
50
4734
Street
0
W115° 54' 8.6''
N52° 18' 21.3''
: Downtown
4734 50 Street
E
MLS Addon
CARLSYLVAN

Residential For Sale

4734 50 Street, Sylvan Lake, Alberta T4S1G6

3 Bedrooms
2 Bathrooms
1,332 Sqft
Visits : 1 in 1 days
$399,000
Listing ID #A2323825
Basic Details
Property Type : Residential
Property Sub Type : Detached
Listing Type : For Sale
Listing ID : A2323825
Price : $399,000
Bedrooms : 3
Bathrooms : 2
Half Bathrooms : 1
Square Footage : 1,332 Sqft
Year Built : 1947
Lot Area : 0.22 Acre
Status : Active
Days On Market : 0
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