Dedication | Focus | Loyalty
Active
$345,900
4738 50 Street E
Downtown, Sylvan Lake
MLS® #A2251325
- 1 Beds
- 1 Baths
- 490 Sqft
- 6,491 square feet
- Built 1947
- Single Family
- ✓ 3+ Parking Spaces
- ✓ Air Conditioning
- ✓ Real Lot Size Listed
This quaint cabin is located only blocks from Lake Shore drive close to shops, restaurants and playgrounds! The cabin has back-alley access with room for RV parking, a detached garage and has been rezoned for multifamily and or commercial mixed use, making this an ideal purchase for investors! If combined with the neighboring tripe lot the development potential is immense with ideal location only blocks from the lake. The double lot measuring 6499 square feet is centrally located and is currently running as a licenced Airbnb from May through September for $180-$250/night, renting for $1600 fully furnished including utilities in the off season. Recent upgrades include; a new roof, eves and gutters were all replaced, and the interior painted spring of 2024. There was foundation work and some insulation added in spring of 2025. An amazing opportunity to own in the hub of Sylvan Lake! REDEVELOP to MULTI FAMILY DC50 ZONING! (id:66619)
Features
Interior
1 bedrooms, 1 bathrooms, 490 sqft
Lot
6,491 square feet
Parking
3 spaces
Heating
Space Heater, Natural gas, Other
Cooling
None
Year Built
1947
Location
Nearby schools, walkability, and amenity information is not yet available for this listing.
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Your down payment is under 20%, so mortgage default insurance (e.g. CMHC) will apply — this adds a premium to your mortgage amount, not included in the estimate above. Ask Kirsten or Dius, or check our Resources page, for more information or for help connecting with a mortgage professional for an exact figure.
This is an estimate for illustration purposes only, using standard Canadian mortgage calculation (semi-annual compounding). It does not include property taxes, insurance, mortgage default insurance premiums, or closing costs. Contact a mortgage professional for an accurate quote based on your specific situation.
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Contact Kirsten Bernal for more information or to arrange a showing.
Listing data is provided courtesy of the Central Alberta REALTORS® Association (CARA) MLS® System. The information is deemed reliable but not guaranteed accurate.