$325,000
Active
196 Days Online
2 Beds1 Bath551 SQFT

5111 50B Avenue Sylvan Lake, AB T4S1G6

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DEVELOPERS DREAM! Three oversized lots available a block from the beach with 165 feet of total frontage and 130 feet deep. Zoned W-DC with multiple development options. There are plans for a 4-6 story commercial/multifamily building with underground parking to consider, or build a row of 7 townhomes with detached garages and roof top patios to enjoy that view. Or bring your own plans with your vision in mind. Amazing Air BnB potential. The location is fantastic only one block from the redeveloped Marina Park and Lighthouse and steps to restaurants, shopping, the main beach, water park, golfing, schools, and so much more that Sylvan has to offer! Amazing views of the lake and the beautiful Sylvan Lake sunsets. Great access for swimming, boating, and enjoying the lake. Tenants are currently renting out 5111 & 5107 50B Ave until you are ready to build. The investment potential is extraordinary in this year round lake community. Build and sell, keep in your portfolio with monthly renters, or provide short term rentals...there are so many choices! This property must be purchased in conjunction with MLS A2090546 and A2090544. (id:55532)

  • Property Type Single Family Home
  • Neighborhood Downtown
  • County N/A
  • Property Tax N/A
  • HOA/Condo/Coop Fees N/A
  • Days on Site 196 Days
  • MLS® Status Active
  • MLS® ID Number A2090552
  • SqFt Source N/A
  • Year Built 1930
  • Price Per SqFt $589
  • Lot Size 6,500 Acres
  • Full Baths 1
  • Partial Baths N/A
a week agoListing updated with changes from the MLS®
6 months agoListing first seen online

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General Features

  • Style Bungalow
  • Parking Parking Pad
  • Basement See Remarks
  • Number of Stories 1
  • Zoning W-DC
  • Property Sub Type Single Family Residence
  • Foundation See Remarks

Interior Features

  • Cooling None
  • Heating Forced Air
  • Appliances RefrigeratorStove
  • Flooring Other
  • Fireplace No

Exterior Features

  • View View
  • Fencing None
  • Lot LandscapedLawn

Community Features

  • Community Features Golf Course DevelopmentLake PrivilegesFishingGolf CourseParkPlayground

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Listing courtesy of: Glen Goodall of RE/MAX real estate central alberta - Sylvan Lake

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