This 1-storey (2,303 SF with a 1,300 +/- SF basement) 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. The basement 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 (the vacant lot) is listed at $300,000.