5111 50b Avenue, Downtown, Sylvan Lake

$325,000

1 of 9
2 Beds
1 Baths
551 Sqft
.15 Acres

Detached Property for Sale in Downtown, Sylvan Lake at 5111 50b Avenue

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.

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Bungalow listed in Downtown, Sylvan Lake at 5111 50b Avenue

Essential Information
MLS® #A2090552
Price$325,000
Bedrooms2
Bathrooms1.00
Full Baths1
Square Footage551
Acres0.15
Year Built1930
TypeResidential
Sub-TypeDetached
StyleBungalow
StatusActive
Community Information
Address5111 50b Avenue
SubdivisionDowntown
CitySylvan Lake
CountyRed Deer County
ProvinceAlberta
Postal CodeT4S1G6
Amenities
Parking Spaces6
ParkingParking Pad
Interior
Interior FeaturesSee Remarks
AppliancesRefrigerator, Stove(s)
HeatingForced Air
CoolingNone
Has BasementYes
BasementSee Remarks
Basement TypeSee Remarks
Exterior
Exterior FeaturesOther
RoofAsphalt Shingle
ConstructionMixed
FoundationOther
Lot Description

City Lot, Lake, Front Yard, Lawn, Landscaped, Level, Private, See Remarks, Views

Additional Information
ZoningW-DC
Office

RE/MAX real estate central alberta - Sylvan Lake

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