4734 50 Street — Sylvan Lake, Alberta

Uncover a high-potential development site in a prime lakeside location. This 9728sqr ft parcel offers immediate flexibility a multi family project.The Opportunity:Flexible Zoning: Current zoning allows for multifamily development or a commercial/residential mix (commercial on main, living quarters above).Expansion Potential: The adjacent double-lot property is also available, providing the rare chance to assemble a large 5-lot consolidated site just blocks from the water.Revenue While You Plan: The existing 3-bedroom structure has been freshened with new flooring and paint, making it a turnkey holding property. It is perfectly suited for a short-term rental (Airbnb) or long-term lease to offset carrying costs during the permitting and design phase.The Site:Lot Size: 75 ft x 130 ft total.Servicing: Double detached garage already on site.Location: High-visibility/high-demand area within walking distance to the lake.This is a land-value play with the added benefit of a functional, move-in-ready building to bridge the gap to construction. (id:63357)