5029 & 5031 47 Street, Sylvan Lake, AB T4S1C5
$1,099,000
Sqft
2303
Community
Downtown
Jeremy
Cameron

Jeremy & Cameron @ Re/max Commercial Properties

Property Overview
  • Home Type

    Single Family

  • Building Type

    Row / Townhouse

  • Lot Size

    11761 Sqft

  • Community

    Downtown

  • Land Use

    W-DC

  • Parking Space(s)

    7

  • Year Built

    1964

  • Property Taxes

    $6,299

  • Days on Market

    103

  • MLS® #

    A1232396

  • Price / Sqft

    $477

Estimated buyer fees

List price $1,099,000
Typical buy-side realtor $18,485
Bōde $0
Saving with Bōde $18,485

When you're empowered to buy your own home, you don't need an agent. And no agent means no commission. We charge no fee (to the buyer or seller) when you buy a home on Bōde, saving you both thousands.

Description

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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.

Interior Details

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  • Goods included (appliances)

    Seven (7) fridges; Six (6) stoves.

More Information

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Property
  • Multi-unit property?

    No

  • HOA fee required?

    No

Parking
  • Parking space included

    Yes

  • Parking space enclosed

    No

  • Total parking

    7

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