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5111 50B AVE Sylvan Lake, AB T4S1G6
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Key Details
Sold Price $295,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 551 sqft
Price per Sqft $535
Subdivision Downtown
MLS® Listing ID A2090552
Sold Date 10/06/24
Style Bungalow
Bedrooms 2
Full Baths 1
Originating Board Central Alberta
Year Built 1930
Annual Tax Amount $1,666
Tax Year 2023
Lot Size 6,500 Sqft
Acres 0.15
Property Description
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.
Location
Province AB
County Red Deer County
Zoning W-DC
Direction N
Rooms
Basement See Remarks
Interior
Interior Features See Remarks
Heating Forced Air
Cooling None
Flooring Other
Appliance Refrigerator, Stove(s)
Laundry Main Level
Exterior
Parking Features Parking Pad
Garage Description Parking Pad
Fence None
Community Features Fishing, Golf, Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Roof Type Asphalt Shingle
Porch Other
Lot Frontage 50.0
Total Parking Spaces 6
Building
Lot Description City Lot, Lake, Front Yard, Lawn, Landscaped, Level, Private, See Remarks, Views
Foundation Other
Architectural Style Bungalow
Level or Stories One
Structure Type Mixed
Others
Restrictions None Known
Tax ID 84871328
Ownership Private
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