4734 50 Street , Sylvan Lake   ||   $399,900

DETAILS

MLS® NUMBER A2252047
BUILDING TYPE Detached
PROPERTY CLASS Residential
TOTAL BEDROOMS 3
BATHROOMS 2
HALF BATHS 1
SQUARE FOOTAGE 1332 Square Feet
YEAR BUILT 1947
BASEMENT None
GARAGE Yes
TOTAL PARKING 4
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.
Listing Brokerage: Royal LePage Network Realty Corp.

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