About 4738 50 Street E
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! 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. Please note this property cannot be purchased with conventional CMHC 5% down lending, and the rezoning does not allow for a single family detached home or major renovations to the existing structure. 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!
Features of 4738 50 Street E
| MLS® # | A2251325 |
|---|---|
| Price | $349,900 |
| Bedrooms | 1 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 6,484 |
| Acres | 0.15 |
| Year Built | 1947 |
| Type | Residential |
| Sub-Type | Detached |
| Style | Bungalow |
| Status | Active |
Community Information
| Address | 4738 50 Street E |
|---|---|
| Subdivision | Downtown |
| City | Sylvan Lake |
| County | Red Deer County |
| Province | Alberta |
| Postal Code | T4S1G8 |
Amenities
| Parking Spaces | 3 |
|---|---|
| Parking | Alley Access, Single Garage Attached, Gravel Driveway |
| # of Garages | 1 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s), Wood Windows |
|---|---|
| Appliances | Refrigerator, Stove(s), Washer/Dryer, Window Coverings |
| Heating | Natural Gas, Space Heater, Wall Furnace |
| Cooling | None |
| Fireplace | No |
| Fireplaces | Electric, Gas |
| Has Basement | Yes |
| Basement | Crawl Space, None |
Exterior
| Exterior Features | Private Yard |
|---|---|
| Lot Description | Back Lane, Back Yard, Front Yard, Fruit Trees/Shrub(s), Interior Lot, Treed |
| Roof | Asphalt Shingle |
| Construction | Wood Siding |
| Foundation | Block, Combination, Other |
Additional Information
| Date Listed | August 25th, 2025 |
|---|---|
| Zoning | DC-50 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Royal LePage Network Realty Corp. |
|---|