Property Details

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4734 50 Street
Sylvan Lake (A2252047)

$399,900
3
1+1
1,332 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

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.

Property details

Basic Info

MLS® #
A2252047
Property Type:
Residential
Subtype:
Detached
Subdivision:
Downtown
Price
$399,900
Sale/Lease:
For Sale
Size:
1,332 sq.ft.
Bedrooms:
3
Bathrooms:
1 full / 1 half
Year Built:
1947 (79 years old)

Building Info

Structure Type:
House
Building Style:
Bungalow
Garage:
Yes
Parking:
Double Garage Detached
Basement:
Partial
Features:
Primary Downstairs
Fireplaces:
1
Inclusions:
NA
Appliances:
Refrigerator, Stove(s), Washer/Dryer
Laundry:
Main Level
Exterior Features:
Fire Pit, Private Yard
Patio/Porch Features:
None

Neighborhood Info

Nearby Amenities:
Fishing, Golf, Lake, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths

Lot / Land Info

Lot Size:
0.22 acres
Lot Features:
Back Lane, Interior Lot, Many Trees, Private
Zoning:
DC-50

Materials & Systems

Roof:
Asphalt Shingle
Exterior:
Wood Siding
Floors:
Vinyl
Foundation:
Block, Combination, Other
Heating:
Electric, Fireplace(s), Space Heater, Wall Furnace
Cooling:
None
Amenities:
Fishing, Golf, Lake, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths

Listing Info

Possession:
Negotiable
Days on Market:
129
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Grassroots Realty Group Ltd.
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