$885,000
$885,000
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0.49 Acres Lot
SOLD DATE : 10/06/2024
Key Details
Sold Price $885,000
Property Type Vacant Land
Sub Type Commercial Land
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown
MLS® Listing ID A2090563
Sold Date 10/06/24
Originating Board Central Alberta
Tax Year 2023
Lot Size 0.490 Acres
Acres 0.49
Property 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.
Location
State AB
County Red Deer County
Zoning W-DC
Exterior
Fence None
Waterfront Description See Remarks
Lot Frontage 165.0
Others
Restrictions None Known
Tax ID 84872778
Ownership Private
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