5029 & 5031 47 Street, Sylvan Lake

  • $1,099,000.00
5029, 47 Street, Sylvan Lake, Town of Sylvan Lake, Alberta, T4S 1S3, Canada
For Sale

5029 & 5031 47 Street, Sylvan Lake

5029, 47 Street, Sylvan Lake, Town of Sylvan Lake, Alberta, T4S 1S3, Canada
  • $1,099,000.00

Description

This 1-storey (3,600 SF) motel/residential apartment, sitting on two separate lots is just a short walk from Lakeshore Drive! It features 5 – one-bedroom suites, 1 – two-bedroom suite and 1 bachelor suite; all currently occupied by tenants. There is a small basement that holds the boiler and hot water tanks. The combined lots equal to 11,571 SF with 7 stalls included on the property for tenant parking. This area is part of the Town of Sylvan Lake’s Sustainable Waterfront Redevelopment Plan. This is an excellent investment opportunity to bring in cash flow now, with the option to develop the land in the future. As these lots are commercially zoned and in the Waterfront Direct Control District, there are many possibilities for redevelopment. The owner is willing to sell the lots separately. Lot 49 (with motel/apartment structure) is listed at $799,000 and Lot 50 is listed at $300,000 if sold individually.

Property Documents

5029 & 5031 47 Street, Sylvan Lake (Compressed)

Details

  • Price: $1,099,000.00
  • Property Size: 11 SF
  • Land Area: 11 SF
  • Year Built: 1954
  • Property Type: Land, Multi-Family
  • Property Status: For Sale
  • Neighborhood/Region: Sylvan lake
  • Parking: Gravel Parking
  • Zoning: W-DC
  • Address 5029 & 5031 47 street
  • City Sylvan Lake
  • State/county Alberta
  • Zip/Postal Code T4S 1C5
  • Country Canada

Overview

  • Land, Multi-Family
  • Property Type
  • 11
  • SF
  • 1954
  • Year Built

Contact Information

Enquire About This Property

Similar Listings

Compare listings

Compare
Jeremy Makila
  • Jeremy Makila