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.
Address
4734 50 Street
List Price
$399,900
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
Sylvan Lake
Sub-Area
Downtown
Bedrooms
3
Bathrooms
2
Floor Area
1,332 Sq. Ft.
Lot Size
9728 Sq. Ft.
Year Built
1947
MLS® Number
A2252047
Listing Brokerage
Royal LePage Network Realty Corp.
Basement Area
Partial
Postal Code
T4S1G6
Zoning
DC-50
Site Influences
Back Lane, Fishing, Golf, Interior Lot, Lake, Many Trees, Schools Nearby, Shopping Nearby, Walking/Bike Paths, Playground, Private, Sidewalks