About 5029 47 Street
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.
Features of 5029 47 Street
| MLS® # | A2104773 |
|---|---|
| Price | $799,000 |
| Bathrooms | 0.00 |
| Acres | 0.15 |
| Year Built | 1964 |
| Type | Commercial |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 5029 47 Street |
|---|---|
| Subdivision | Downtown |
| City | Sylvan Lake |
| County | Red Deer County |
| Province | Alberta |
| Postal Code | T4S 1C5 |
Amenities
| Parking Spaces | 7 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation | Poured Concrete |
Additional Information
| Date Listed | February 1st, 2024 |
|---|---|
| Days on Market | 84 |
| Zoning | WDC |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Royal Lepage Network Realty Corp. |
|---|