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.
| Address |
5029 47 Street |
| List Price |
$799,000 |
| Property Type |
Commercial |
| Type of Dwelling |
Multi Family |
| Area |
Sylvan Lake |
| Sub-Area |
Downtown |
| Lot Size |
6324 Sq. Ft. |
| Year Built |
1964 |
| MLS® Number |
A2104773 |
| Listing Brokerage |
Royal Lepage Network Realty Corp.
|
| Postal Code |
T4S 1C5 |
| Zoning |
WDC |
