About 4734 50 Street
Uncover a high-potential development site in a prime lakeside location. This 9728sqr ft parcel offers immediate flexibility a multi family project. The Opportunity: Flexible Zoning: Current zoning allows for multifamily development or a commercial/residential mix (commercial on main, living quarters above). Expansion Potential: The adjacent double-lot property is also available, providing the rare chance to assemble a large 5-lot consolidated site just blocks from the water. Revenue While You Plan: The existing 3-bedroom structure has been freshened with new flooring and paint, making it a turnkey holding property. It is perfectly suited for a short-term rental (Airbnb) or long-term lease to offset carrying costs during the permitting and design phase. The Site: Lot Size: 75 ft x 130 ft total. Servicing: Double detached garage already on site. Location: High-visibility/high-demand area within walking distance to the lake. This is a land-value play with the added benefit of a functional, move-in-ready building to bridge the gap to construction.
Features of 4734 50 Street
| MLS® # | A2252047 |
|---|---|
| Price | $399,900 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Full Baths | 1 |
| Half Baths | 1 |
| Square Footage | 1,332 |
| Acres | 0.22 |
| Year Built | 1947 |
| Type | Residential |
| Sub-Type | Detached |
| Style | Bungalow |
| Status | Active |
Community Information
| Address | 4734 50 Street |
|---|---|
| Subdivision | Downtown |
| City | Sylvan Lake |
| County | Red Deer County |
| Province | Alberta |
| Postal Code | T4S1G6 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Double Garage Detached |
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Primary Downstairs |
|---|---|
| Appliances | Refrigerator, Stove(s), Washer/Dryer |
| Heating | Electric, Fireplace(s), Space Heater, Wall Furnace |
| Cooling | None |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Fireplaces | Wood Burning |
| Has Basement | Yes |
| Basement | Partial |
Exterior
| Exterior Features | Fire Pit, Private Yard |
|---|---|
| Lot Description | Back Lane, Interior Lot, Many Trees, Private |
| Roof | Asphalt Shingle |
| Construction | Wood Siding |
| Foundation | Block, Combination, Other |
Additional Information
| Date Listed | September 2nd, 2025 |
|---|---|
| Days on Market | 224 |
| Zoning | DC-50 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Royal LePage Network Realty Corp. |
|---|