5029 47 Street, Downtown in Sylvan Lake, AB
This is a Commercial Listing.
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5029 47 Street, Downtown in Sylvan Lake
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.
$799,000
5029 47 Street, Sylvan Lake, Alberta
Essential Information
- MLS® #A2104773
- Price$799,000
- Price per Sqft347
- Price Per SqFt$347
- Bathrooms0.00
- Acres0.15
- Year Built1964
- TypeCommercial
- Sub-TypeMulti Family
- StatusActive
- Days on Market88
Amenities
- Parking Spaces7
Exterior
- RoofAsphalt Shingle
- FoundationPoured Concrete
- Lot Size Square Feet6324.00
- Listing Frontage18.90M 62`0"
Listing Details
- Listing OfficeRoyal Lepage Network Realty Corp.
Community Information
- Address5029 47 Street
- SubdivisionDowntown
- CitySylvan Lake
- ProvinceRed Deer County
- Postal CodeT4S 1C5
Interior
- HeatingForced Air, Natural Gas
Additional Information
- ZoningWDC