Sylvan Lake, AB T4S1G6,5111 50B AVE
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Sylvan Lake, AB T4S1G6,5111 50B AVE
Sylvan Lake, AB T4S1G6,5111 50B AVE
Sylvan Lake, AB T4S1G6,5111 50B AVE
Sylvan Lake, AB T4S1G6,5111 50B AVE

$295,000

Est. payment /mo

$295,000

Est.Price: ?

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5111 50B AVE Sylvan Lake, AB T4S1G6

2 Beds

1 Bath

551 SqFt

SOLD DATE : 10/06/2024

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

Garage 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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Listed by RE/MAX real estate central alberta - Sylvan Lake

Leanne Pratt

Agent | License ID: CPRATTLE

+1(403) 452-1110

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