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Sylvan Lake,AB T4S1G8
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 490 sqft
Price per Sqft $714
Subdivision Downtown
MLS Listing ID A2251325
Style Bungalow
Bedrooms 1
Full Baths 1
Year Built 1947
Annual Tax Amount $2,021
Tax Year 2024
Lot Size 6,490 Sqft
Acres 0.15
Property Sub-Type Detached
Source Central Alberta
Property Description
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!
Location
Province AB
County Red Deer County
Zoning DC-50
Direction E
Rooms
Basement Crawl Space,None
Interior
Interior Features Ceiling Fan(s),Wood Windows
Heating Natural Gas,Space Heater,Wall Furnace
Cooling None
Flooring Hardwood,Vinyl Plank
Fireplaces Type Electric,Gas
Inclusions furniture (negotiable)
Appliance Refrigerator,Stove(s),Washer/Dryer,Window Coverings
Laundry In Unit
Exterior
Parking Features Alley Access,Gravel Driveway,Single Garage Attached
Garage Spaces 1.0
Garage Description Alley Access,Gravel Driveway,Single Garage Attached
Fence None
Community Features Fishing,Golf,Lake,Playground,Schools Nearby,Shopping Nearby,Sidewalks,Walking/Bike Paths
Roof Type Asphalt Shingle
Porch None
Lot Frontage 50.0
Total Parking Spaces 3
Building
Lot Description Back Lane,Back Yard,Front Yard,Fruit Trees/Shrub(s),Interior Lot,Treed
Foundation Block,Combination,Other
Architectural Style Bungalow
Level or Stories One
Structure Type Wood Siding
Others
Restrictions Development Restriction
Tax ID 101408613
Ownership Private