4738 50 ST Sylvan Lake, AB T4S1G6

This cottage is situated on 2 25ft lots x 130ft deep! Has a detached garage and is zoned for multi unit options like a triplex or even a 4plex if designed right! The property is currently a 1 bedroom property with original hardwood floors in the living room. Comes with newer flooring in the kitchen and 4pc bathroom. As you can see from the photos its a very mature and beautiful lot Just 1.5 blocks from the beach. Currently used as a STR (short term rental) this property gets $200/night in the shoulder season and $240/n in the prime season. Renting for 8 months in the off season fully furnished for $1,100/m not including utilities, or $1,650 all in. Its a great opportunity for an investor, or even a first time owner, take advantage of the STR market in Sylvan Lake or just come for some downtime. There is even room for an RV! Just down the street from our Nexsource Center (community center that has 2 hockey rinks, curling rink, swimming pool and more) and only 3 minute walk to the downtown center, beaches, restaurants and seasonal festivities. Financing for this property cannot be w/5% down and note the zoning does not allow for single family home, or major renovations to the current structure. Allowed to maintain structure but not add on or re-structure it.