4738 50 Street E Sylvan Lake, Alberta T4S 1G8

1 Bedroom 1 Bathroom 490 ft2
Bungalow None Space Heater, Other Fruit Trees

$349,900

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! (id:57594)

Property Details

MLS® Number A2251325
Property Type Single Family
Community Name Downtown
Amenities Near By Golf Course, Playground, Schools, Shopping, Water Nearby
Community Features Golf Course Development, Lake Privileges, Fishing
Features Treed, Back Lane, Wood Windows
Parking Space Total 3
Plan 1549aj
Structure None

Building

Bathroom Total 1
Bedrooms Above Ground 1
Bedrooms Total 1
Appliances Refrigerator, Stove, Window Coverings, Washer & Dryer
Architectural Style Bungalow
Basement Type Crawl Space
Constructed Date 1947
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Wood Siding
Flooring Type Hardwood, Vinyl Plank
Foundation Type Block, See Remarks
Heating Fuel Natural Gas
Heating Type Space Heater, Other
Stories Total 1
Size Interior 490 Ft2
Total Finished Area 490 Sqft
Type House

Parking

Gravel
Attached Garage 1

Land

Acreage No
Fence Type Not Fenced
Land Amenities Golf Course, Playground, Schools, Shopping, Water Nearby
Landscape Features Fruit Trees
Size Depth 39.62 M
Size Frontage 15.24 M
Size Irregular 6490.64
Size Total 6490.64 Sqft|4,051 - 7,250 Sqft
Size Total Text 6490.64 Sqft|4,051 - 7,250 Sqft
Zoning Description Dc-50

Rooms

Level Type Dimensions
Main Level Bedroom 9.33 Ft x 9.00 Ft
Main Level Other 9.00 Ft x 8.00 Ft
Main Level Kitchen 11.00 Ft x 9.42 Ft
Main Level Living Room/dining Room 11.00 Ft x 9.42 Ft
Main Level 4pc Bathroom .00 Ft x .00 Ft

https://www.realtor.ca/real-estate/28773828/4738-50-street-e-sylvan-lake-downtown

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