For Sale

$799,000

5029 47 Street, Sylvan Lake, AB T4S 1C5

Remarks

Introducing a prime investment opportunity in the heart of downtown Sylvan Lake – a 7 unit multi-family complex located just half a block from the picturesque beachfront. This exceptional property presents an ideal revenue-generating asset, boasting a strategic location, versatile unit configurations, and exciting possibilities for high-density development. This multi-family gem comprises 5 one-bedroom units, each equipped with a well-appointed bathroom. Additionally, the complex features a two-bedroom unit with a bathroom and completing the ensemble is a bachelor suite totaling 7 suites. One of the suites is a basement suite with a washing machine, plus one of the suites has a washer and dryer. The roof was done in 2014. The strategic location and zoning create a solid foundation for capitalizing on the growing demand for housing in Sylvan Lake. Rents for $7000.00 per month. The adjacent lot MLS # A2104762 is for sale.

Inclusions:

6 Stoves, 7 Refrigerators, 1 Washer, Shed

Property Summary

  • Lot Size: 6324 Square Feet
  • Floor Space (approx): 2304.00 Square Feet
  • Built in: 1964
  • Zoning: WDC

Property Features:

  • Foundation Details:
    Poured Concrete
  • Heating:
    Forced Air , Natural Gas
  • Roof:
    Asphalt Shingle

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