5029 47 Street, Sylvan Lake, Alberta

$799,000

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0.15

Acres

About 5029 47 Street

Introducing a prime investment opportunity in the heart of downtown Sylvan Lake – a 7 unit multi-family complex located just half a block from the picturesque beachfront. This exceptional property presents an ideal revenue-generating asset, boasting a strategic location, versatile unit configurations, and exciting possibilities for high-density development. This multi-family gem comprises 5 one-bedroom units, each equipped with a well-appointed bathroom. Additionally, the complex features a two-bedroom unit with a bathroom and completing the ensemble is a bachelor suite totaling 7 suites. One of the suites is a basement suite with a washing machine, plus one of the suites has a washer and dryer. The roof was done in 2014. The strategic location and zoning create a solid foundation for capitalizing on the growing demand for housing in Sylvan Lake. Rents for $7000.00 per month. The adjacent lot MLS # A2104762 is for sale.

Features of 5029 47 Street

MLS® # A2104773
Price $799,000
Bathrooms 0.00
Acres 0.15
Year Built 1964
Type Commercial
Sub-Type Multi Family
Status Active

Community Information

Address 5029 47 Street
Subdivision Downtown
City Sylvan Lake
County Red Deer County
Province Alberta
Postal Code T4S 1C5

Amenities

Parking Spaces 7
Is Waterfront No
Has Pool No

Interior

Heating Forced Air, Natural Gas
Fireplace No
Has Basement No

Exterior

Roof Asphalt Shingle
Foundation Poured Concrete

Additional Information

Date Listed February 1st, 2024
Days on Market 80
Zoning WDC
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRoyal Lepage Network Realty Corp.

Listing Map

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