$975,000.00 0.49 acre

5107 & 5111 50B Avenue , Sylvan Lake. T4S1G6

Description

DEVELOPERS DREAM! Three oversized lots a block from the beach with 165 feet of 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.

Listing Information

Prop. Type:Land
Status:Active
MLS #:A2090563
City:Sylvan Lake
Neighbourhood:Downtown
Province:Alberta
Building/Unit Size: 0 sq.ft
Land Size:0.49 Acre
Listing Price:$975,000.00
Lease Rate: $0.00
Business Type:
Property Subtype:Commercial Land
Transaction Type:For Sale
Land Use Code:W-DC
Listing Contract Date:2023-10-27

For fast response, please email us via the “Inquiry Via Email” button with your contact information.

To purchase a business or property, please visit "Our People", to find a commercial expert who specializes in the type of business or property you are looking for, speaks your language, and has an office in your city.

This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "RE/MAX real estate central alberta - Sylvan Lake" listing brokerage.

Google map