EN - CAD

Global Preferences

CAD 1,099,000

5029 & 5031 47 Street
Sylvan Lake, Alberta

Property Description

This 1-storey (2,303 SF with a 1,300 +/- SF basement) motel/residential apartment, sitting on two separate lots is just a short walk from Lakeshore Drive! It features 5 - one-bedroom suites, 1 - two-bedroom suite and 1 bachelor suite; all currently occupied by tenants. The basement holds the boiler and hot water tanks. The combined lots equal to 11,571 SF with 7 stalls included on the property for tenant parking. This area is part of the Town of Sylvan Lakes Sustainable Waterfront Redevelopment Plan. This is an excellent investment opportunity to bring in cash flow now, with the option to develop the land in the future. As these lots are commercially zoned and in the Waterfront Direct Control District, there are many possibilities for redevelopment. The owner is willing to sell the lots separately, Lot 49 (with motel/apartment structure) is listed at $799,000 and Lot 50 (the vacant lot) is listed at $300,000. (id:885)

Courtesy of RE/MAX Commercial Properties

Powered by realtor.ca

Property Details

ID #
A1232396
Status
For Sale
Type
Multi-family, Multi-Family, Multi Residential, Residential
Postal Code
T4S1C5
Building Area
2,303ft2
Year Built
1964
Appliances
Refrigerator, Stove
Construction Style Attachment
Attached
Life Style
Waterfront
Ownership Type
Freehold
Plan
9721891
Size Total
799 sqft (1/4 - 1/2 ac)
Zoning Description
W-DC
This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association

Similar Listings