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Sylvan Lake,AB T4S1G8
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 490 sqft
Price per Sqft $714
Subdivision Downtown
MLS Listing ID A2251325
Style Bungalow
Bedrooms 1
Year Built 1947
Lot Size 6,490 Sqft
Acres 6490.64
Property Sub-Type Freehold
Source Central Alberta REALTORS® Association
Property Description
This quaint cabin is located only blocks from Lake Shore drive close to shops, restaurants and playgrounds! The cabin has back-alley access with room for RV parking, a detached garage and has been rezoned for multifamily and or commercial mixed use, making this an ideal purchase for investors! The double lot measuring 6499 square feet is centrally located and is currently running as a licenced Airbnb from May through September for $180-$250/night, renting for $1600 fully furnished including utilities in the off season. Please note this property cannot be purchased with conventional CMHC 5% down lending, and the rezoning does not allow for a single family detached home or major renovations to the existing structure. Recent upgrades include; a new roof, eves and gutters were all replaced, and the interior painted spring of 2024. There was foundation work and some insulation added in spring of 2025. An amazing opportunity to own in the hub of Sylvan Lake! (id:24570)
Location
Province AB
Rooms
Kitchen 1.0
Extra Room 1 Main level 9.33 Ft x 9.00 Ft Bedroom
Extra Room 2 Main level 9.00 Ft x 8.00 Ft Other
Extra Room 3 Main level 11.00 Ft x 9.42 Ft Kitchen
Extra Room 4 Main level 11.00 Ft x 9.42 Ft Living room/Dining room
Extra Room 5 Main level .00 Ft x .00 Ft 4pc Bathroom
Interior
Heating ,Space Heater,Other
Cooling None
Flooring Hardwood,Vinyl Plank
Exterior
Parking Features Yes
Garage Spaces 1.0
Garage Description 1
Fence Not fenced
Community Features Golf Course Development,Lake Privileges,Fishing
View Y/N No
Total Parking Spaces 3
Private Pool No
Building
Lot Description Fruit trees
Story 1
Architectural Style Bungalow
Others
Ownership Freehold