


4734 50 Street Sylvan Lake, AB T4S 1G6
Description
A2323825
9,728 SQFT
Single-Family Home
1947
Bungalow
Red Deer County
Listed By
PILLAR 9 - IDX
Last checked Jun 24 2026 at 6:24 PM GMT+0000
- Full Bathroom: 1
- Half Bathroom: 1
- Appliances : Refrigerator
- Appliances : Stove(s)
- Laundry/Utility Room : Main Level
- Appliances : Washer/Dryer
- Primary Downstairs
- Downtown
- Private
- Back Lane
- Many Trees
- Interior Lot
- Fireplace: Total Fireplace(s) : 1 Wood Burning
- Foundation: Block
- Foundation: Other
- Foundation: Combination
- Wall Furnace
- None
- Partial
- Vinyl
- Roof: Asphalt Shingle
- Double Garage Detached
- Parking Space(s) : 4
- 2
- 1,332 sqft
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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.