4734 50 Street
Sylvan Lake T4S1G6
MLS® Number: A2252047
$ 399,900
3
BEDROOMS
1 + 1
BATHROOMS
1,332
SQUARE FEET
1947
YEAR BUILT
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.
| COMMUNITY | Downtown |
| PROPERTY TYPE | Detached |
| BUILDING TYPE | House |
| STYLE | Bungalow |
| YEAR BUILT | 1947 |
| SQUARE FOOTAGE | 1,332 |
| BEDROOMS | 3 |
| BATHROOMS | 2.00 |
| BASEMENT | Partial |
| AMENITIES | |
| APPLIANCES | Refrigerator, Stove(s), Washer/Dryer |
| COOLING | None |
| FIREPLACE | Wood Burning |
| FLOORING | Vinyl |
| HEATING | Electric, Fireplace(s), Space Heater, Wall Furnace |
| LAUNDRY | Main Level |
| LOT FEATURES | Back Lane, Interior Lot, Many Trees, Private |
| PARKING | Double Garage Detached |
| RESTRICTIONS | None Known |
| ROOF | Asphalt Shingle |
| TITLE | Fee Simple |
| BROKER | Royal LePage Network Realty Corp. |
| ROOMS | DIMENSIONS (m) | LEVEL |
|---|---|---|
| Bedroom - Primary | 55`9" x 29`6" | Main |
| Living Room | 29`6" x 23`11" | Main |
| Bedroom | 32`10" x 25`7" | Main |
| 4pc Bathroom | 0`0" x 0`0" | Main |
| Bedroom | 50`10" x 36`9" | Second |
| 2pc Bathroom | 0`0" x 0`0" | Second |
