4738 50 Street E
Sylvan Lake T4S1G8
MLS® Number: A2251325
$ 349,900
1
BEDROOMS
1 + 0
BATHROOMS
6,484
SQUARE FEET
1947
YEAR BUILT
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! 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. Please note this property cannot be purchased with conventional CMHC 5% down lending, and the rezoning does not allow for a single family detached home or major renovations to the existing structure. 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!
| COMMUNITY | Downtown |
| PROPERTY TYPE | Detached |
| BUILDING TYPE | House |
| STYLE | Bungalow |
| YEAR BUILT | 1947 |
| SQUARE FOOTAGE | 6,484 |
| BEDROOMS | 1 |
| BATHROOMS | 1.00 |
| BASEMENT | Crawl Space, None |
| AMENITIES | |
| APPLIANCES | Refrigerator, Stove(s), Washer/Dryer, Window Coverings |
| COOLING | None |
| FIREPLACE | Electric, Gas |
| FLOORING | Hardwood, Vinyl Plank |
| HEATING | Natural Gas, Space Heater, Wall Furnace |
| LAUNDRY | In Unit |
| LOT FEATURES | Back Lane, Back Yard, Front Yard, Fruit Trees/Shrub(s), Interior Lot, Treed |
| PARKING | Alley Access, Gravel Driveway, Single Garage Attached |
| RESTRICTIONS | Development Restriction |
| ROOF | Asphalt Shingle |
| TITLE | Fee Simple |
| BROKER | Royal LePage Network Realty Corp. |
| ROOMS | DIMENSIONS (m) | LEVEL |
|---|---|---|
| Bedroom | 9`4" x 9`0" | Main |
| Entrance | 9`0" x 8`0" | Main |
| Kitchen | 11`0" x 9`5" | Main |
| Living/Dining Room Combination | 11`0" x 9`5" | Main |
| 4pc Bathroom | 0`0" x 0`0" | Main |
