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4738 50 Street East, Sylvan Lake, AB T4S1G8

$345,9001Beds 1Baths 490Sqft Downtown
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Property Overview

  • Detached Home Type
  • House Building Type
  • 6534 Sqft Lot Size
  • DowntownCommunity
  • 1 Beds
  • Natural Gas Heating
  • 1 Full Baths
  • Air Conditioning (Wall Unit(s)) Cooling
  • 0 Half Baths
  • 3 Parking Space(s)
  • 1947 Year Built
  • — Property Taxes
  • 369 days Days on Market
  • A2251325 MLS® #
  • $706 Price / Sqft
  • DC-50 Land Use
  • Bungalow Style
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Description

This quaint cabin is located only blocks from Lake Shore drive close to shops, restaurants and playgrounds! The cabin has back-alley access with room for RV parking, a detached garage and has been rezoned for multifamily and or commercial mixed use, making this an ideal purchase for investors! If combined with the neighboring tripe lot the development potential is immense with ideal location only blocks from the lake. The double lot measuring 6499 square feet is centrally located and is currently running as a licenced Airbnb from May through September for $180-$250/night, renting for $1600 fully furnished including utilities in the off season. Recent upgrades include; a new roof, eves and gutters were all replaced, and the interior painted spring of 2024. There was foundation work and some insulation added in spring of 2025. An amazing opportunity to own in the hub of Sylvan Lake! REDEVELOP to MULTI FAMILY DC50 ZONING!

Interior Details

FlooringHardwood, Vinyl Plank
HeatingOne Furnace
CoolingAir Conditioning (Wall Unit(s))
Number of fireplaces0
Basement detailsNone
Basement featuresCrawl Space
Appliances includedRefrigerator, Stove(s), Window Coverings

Exterior Details

ExteriorWood Siding
Number of finished levels1
Construction typeSee Home Description
Roof typeAsphalt Shingles
Foundation typeBrick / Stone / Block

More Information

Property

Community featuresFishing, Golf, Lake, Playground, Schools Nearby, Shopping Nearby
HOA fee includesSee Home Description

Parking

Parking space includedYes
Total parking3
Parking featuresSingle Garage Attached

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data was last updated Friday, August 28, 2026, 2:29:34 PM UTC.