Sylvan Lake, AB T4S1G6,5107 & 5111 50B AVE
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Sylvan Lake, AB T4S1G6,5107 & 5111 50B AVE
Sylvan Lake, AB T4S1G6,5107 & 5111 50B AVE
Sylvan Lake, AB T4S1G6,5107 & 5111 50B AVE
Sylvan Lake, AB T4S1G6,5107 & 5111 50B AVE

$885,000

Est. payment /mo

$885,000

Est.Price: ?

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5107 & 5111 50B AVE Sylvan Lake, AB T4S1G6

0.49 Acres Lot

SOLD DATE : 10/06/2024

Key Details

Sold Price $885,000

Property Type Vacant Land

Sub Type Commercial Land

Listing Status Sold

Purchase Type For Sale

Subdivision Downtown

MLS® Listing ID A2090563

Sold Date 10/06/24

Originating Board Central Alberta

Tax Year 2023

Lot Size 0.490 Acres

Acres 0.49

Property Description

DEVELOPERS DREAM! Three oversized lots a block from the beach with 165 feet of 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.

Location

Province AB

County Red Deer County

Zoning W-DC

Exterior

Fence None

Waterfront Description See Remarks

Lot Frontage 165.0

Others

Restrictions None Known

Tax ID 84872778

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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