5111 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 A2090544. (id:27476)

Within close proximity to this property, you will find a Golf Course, Park, and Playground, making it an ideal location for outdoor activities and leisure.

This property is under the ownership type of Freehold, providing the owner with full control and ownership of the land and any buildings on it.

There are a total of 6 parking spaces available on the premises, offering ample parking for residents and visitors.

For developers, this property presents a unique opportunity with three oversized lots located just a block away from the beach. With a total frontage of 165 feet and a depth of 130 feet, the property is zoned W-DC, allowing for various development options.

Potential development plans include a 4-6 story commercial/multifamily building with underground parking, a row of 7 townhomes with detached garages and rooftop patios, or the option to bring in custom plans. The location offers great Air BnB potential, being only one block from the redeveloped Marina Park and Lighthouse, and in close proximity to various amenities such as restaurants, shopping, the main beach, water park, golfing, schools, and more.

The property boasts stunning views of the lake and Sylvan Lake sunsets, providing great access for swimming, boating, and other recreational activities. Currently, tenants are renting out specific units on the property, offering investment potential for monthly renters or short-term rentals.

This property is listed for sale and features a land size of 6500 sqft, with land amenities including a Golf Course, Park, and Playground. It is located at 5111 50B Avenue in the city of Sylvan Lake, Alberta, with a postal code of T4S1G6, situated in the Downtown community.

The house itself includes 2 bedrooms above ground, 1 bathroom, and features an architectural style of Bungalow with a detached construction style. The heating type is forced air, and the property consists of 1.00 stories.