5107 & 5111 50b Avenue, Sylvan Lake, Alberta

$975,000

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0.49

Acres

About 5107 & 5111 50b Avenue

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.

Features of 5107 & 5111 50b Avenue

MLS® # A2090563
Price $975,000
Bathrooms 0.00
Acres 0.49
Type Land
Sub-Type Commercial Land
Status Active

Community Information

Address 5107 & 5111 50b Avenue
Subdivision Downtown
City Sylvan Lake
County Red Deer County
Province Alberta
Postal Code T4S1G6

Amenities

Is Waterfront No
Waterfront See Remarks
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Date Listed October 27th, 2023
Days on Market 175
Zoning W-DC
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX real estate central alberta - Sylvan Lake

Listing Map

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