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!
Property Details
Price:
$349,900
MLS #:
A2251325
Status:
Active
Beds:
1
Baths:
1
Type:
Single Family
Subtype:
Detached
Subdivision:
Downtown
Listed Date:
Aug 25, 2025
Finished Sq Ft:
490
Lot Size:
6,490 sqft / 0.15 acres (approx)
Year Built:
1947
See this Listing
Schools
Interior
Appliances
Refrigerator, Stove(s), Washer/Dryer, Window Coverings
Basement
Crawl Space, None
Bathrooms Full
1
Laundry Features
In Unit
Exterior
Exterior Features
Private Yard
Lot Features
Back Lane, Back Yard, Front Yard, Fruit Trees/Shrub(s), Interior Lot, Treed
Parking Features
Alley Access, Gravel Driveway, Single Garage Attached
Parking Total
3
Patio And Porch Features
None
Roof
Asphalt Shingle
Financial
Map
Community
- Address4738 50 Street E Sylvan Lake AB
- SubdivisionDowntown
- CitySylvan Lake
- CountyRed Deer County
- Zip CodeT4S1G8
Subdivisions in Sylvan Lake
Market Summary
Current real estate data for Single Family in Sylvan Lake as of Nov 04, 2025
103
Single Family Listed
65
Avg DOM
404
Avg $ / SqFt
$563,307
Avg List Price
Property Summary
- Located in the Downtown subdivision, 4738 50 Street E Sylvan Lake AB is a Single Family for sale in Sylvan Lake, AB, T4S1G8. It is listed for $349,900 and features 1 beds, 1 baths, and has approximately 490 square feet of living space, and was originally constructed in 1947. The current price per square foot is $714. The average price per square foot for Single Family listings in Sylvan Lake is $404. The average listing price for Single Family in Sylvan Lake is $563,307. To schedule a showing of MLS#a2251325 at 4738 50 Street E in Sylvan Lake, AB, contact your Walter Saccomani | Real Broker agent at 4039035395.
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