5111 50b Avenue, Sylvan Lake, Alberta

$295,000

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2

Beds

1

Bath

551

Square feet

0.15

Acres

About 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.

Facts & Features of 5111 50b Avenue

MLS® # A2090552
Price $295,000
Bedrooms 2
Bathrooms 1.00
Full Baths 1
Square Footage 551
Acres 0.15
Year Built 1930
Type Residential
Sub-Type Detached
Style Bungalow
Status Active

Community Information

Address 5111 50b Avenue
Subdivision Downtown
City <a href="/idx/?refine=true&feed=pwmls&search_location=Sylvan+Lake"><u>Sylvan Lake</u></a>
County Red Deer County
Province Alberta
Postal Code <a href="/idx/?refine=true&feed=pwmls&search_location=T4S1G6"><u>T4S1G6</u></a>

Amenities of 5111 50b Avenue

Parking Spaces 6
Parking Parking Pad
Is Waterfront No
Has Pool No

Interior

Interior Features See Remarks
Appliances Refrigerator, Stove(s)
Heating Forced Air
Cooling None
Fireplace No
Has Basement Yes
Basement See Remarks

Exterior

Exterior Features Other
Lot Description City Lot, Lake, Front Yard, Lawn, Landscaped, Level, Private, See Remarks, Views
Roof Asphalt Shingle
Construction Mixed
Foundation Other

Additional Information

Date Listed October 30th, 2023
Days on Market 230
Zoning W-DC
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Map

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