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.
Full Address:5029 47 Street, Sylvan Lake, Alberta, T4S 1C5
MLS Number:A2104773
Price:$799,000
Property Overview
Year Built:1964
On Site Since:February 1st, 2024
Lot Size:0 SqFt
Foundation:Poured Concrete
Property Specifications
Heating:Forced Air, Natural Gas
Interior Features
Building Size:2304.00
Zoning:WDC
Building Features
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