This quaint cabin is located only blocks from Lake Shore drive close to shops, restaurants and playgrounds! The cabin has back-alley access with room for RV parking, a detached garage and has been rezoned for multifamily and or commercial mixed use, making this an ideal purchase for investors! If combined with the neighboring tripe lot the development potential is immense with ideal location only blocks from the lake. The double lot measuring 6499 square feet is centrally located and is currently running as a licenced Airbnb from May through September for $180-$250/night, renting for $1600 fully furnished including utilities in the off season. Recent upgrades include; a new roof, eves and gutters were all replaced, and the interior painted spring of 2024. There was foundation work and some insulation added in spring of 2025. An amazing opportunity to own in the hub of Sylvan Lake!
Address
4738 50 Street E
List Price
$349,900
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
Sylvan Lake
Sub-Area
Downtown
Bedrooms
1
Bathrooms
1
Floor Area
490 Sq. Ft.
Lot Size
6490 Sq. Ft.
Year Built
1947
MLS® Number
A2251325
Listing Brokerage
Royal LePage Network Realty Corp.
Basement Area
Crawl Space
Postal Code
T4S1G8
Zoning
DC-50
Site Influences
Back Lane, Back Yard, Fishing, Fruit Trees/Shrub(s), Front Yard, Golf, Interior Lot, Lake, Schools Nearby, Shopping Nearby, Walking/Bike Paths, Playground, Sidewalks, Treed
