5107 50b Avenue, Sylvan Lake, Alberta T4S 1G6

DEVELOPERS DREAM! Three oversized lots available a block from the beach with 165 feet of total 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 and A2090552. (id:27476)

Within close proximity to this property, you will find a golf course, park, and playground, making it an ideal location for families and outdoor enthusiasts.

This property is under the ownership type of Freehold, providing the owner with full control and ownership of the land and building.

With a total of 6 parking spaces, this property offers ample parking for residents and guests.

Perfect for developers, there are three spacious lots available just a block away from the beach, boasting 165 feet of total frontage and 130 feet in depth. The property is zoned W-DC, allowing for various development options, including plans for a 4-6 story commercial/multifamily building with underground parking or a row of 7 townhomes with detached garages and rooftop patios. The location is prime, with close proximity to Marina Park, Lighthouse, restaurants, shopping, the main beach, water park, golfing, schools, and other attractions in Sylvan Lake. The property also offers stunning views of the lake and beautiful sunsets, with easy access for swimming, boating, and other lake activities. Currently, tenants are renting out two properties on the site, providing excellent investment potential in this year-round lake community.

This property, along with two others, must be purchased together to fully capitalize on the investment potential.

For sale, this property offers a land size of 8580 sqft, providing ample space for development or personal use.

Located at 5107 50B Avenue in Sylvan Lake, Alberta, this property is situated in the Downtown community, offering convenience and accessibility to various amenities.

The house features 2 bedrooms above ground, 1 bathroom, and a bungalow architectural style with detached construction. The heating type is forced air, and the property consists of 1 story.