Address
5107 & 5111 50B Avenue, Sylvan Lake, AB
Price
$ 975,000
Property Attributes
  • MLS#A2090563
  • TypeLand
  • CitySylvan Lake
  • NeighbourhoodDowntown
  • Postal CodeT4S 1G6
  • StyleCommercial Land
  • Price$ 975,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.489991 Acres
Data Source:
Pillar 9 Technologies
Property Description

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.

Price History
11/2/2023 Listed $975,000

General Features

Zoning W-DC
Property SubType Commercial Land
Transaction Type For Sale
Property Type Land
Subdivision Name Downtown
Public Remarks 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/mul

Interior Features

Main Level Areas SquareFeet

Exterior Features

Fencing None
Inclusions NA
WaterFront Features See Remarks
Frontage Length 50.29M 165`0
Lot Size Acres 0.49

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in T4S 1G6

Price
AVG $650K
$980K
Visits
AVG 435
459
Data Provided by Inside Real Estate®
Walkscore
AVG 72
72
Data Provided by Walkscore® not using MLS data