5039 50 Street

Sylvan Lake, AB

Vacant Land
Type

5544 sqft

$10,000 below the Downtown benchmark of $395,000

About This Home

Situated in an excellent high-visibility location along bustling 50 Street, this 5,579 sq ft commercially zoned lot offers outstanding development potential just a short walk from the lake and only moments from Lakeshore Drive. With 36 feet of frontage, the property provides excellent exposure in one of Sylvan Lake’s most desirable and active corridors. Zoned W-DC, development opportunities are subject to approval by the Town of Sylvan Lake’s Development Authority, allowing for a range of possibilities suited to this vibrant lakeside community. According to Town of Sylvan Lake bylaws, there is potential for development up to four storeys, further enhancing the site’s investment appeal. Rear lane access provides convenient parking options, adding to the functionality and versatility of this prime commercial opportunity. (id:67953)

Property Details

MLS® Number: A2323831
Lot: 5544 sqft
Days On Market: 139

From Above

The Neighbourhood

Living In Downtown

Explore

Central Sylvan Lake living close to shops, cafés and services.

Benchmark home price$395,000

Average days on market32 Days

Active homes for sale8

Year-over-year change+9.5%

For Families

Schools Near This Home

H.J. Cody School
Ecole Mother Teresa
Fox Run School

These are the schools serving Sylvan Lake. Catchments shift now and then, so it's worth a quick check with the school division for this exact address.

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Tour this home with a local licensed partner agent who can represent you as a buyer.

Showing requests are sent to a Corridor partner agent for this area, who may not be the listing agent. Corridor Real Estate is not a brokerage.

True Monthly Cost

What this home really costs each month, not just the mortgage. Good news: Alberta has no land transfer tax.

Mortgage Payment: $1,686
Property Tax (Est.): $289
Heat, Power & Water (Est.): $204
Estimated All-In: $2,179/mo

Based on 20% down over 25 years. Your lender can give you exact numbers.

Canadian Mortgage Estimate

Estimated payment

$1,955 / month

Home price$385,000

Down payment (10%)$38,500

Interest rate4.39%

Amortization25 years

Mortgage principal: $357,242
CMHC insurance (3.1%): $10,742
Total interest: $229,393
Minimum down: $19,250

Semi-annual compounding, per Canadian convention. Estimates only — confirm with a licensed mortgage professional.

Listing Courtesy Of

Royal LePage Network Realty Corp.

Jacqui Fletcher

MLS® A2323831 · 139 Days On Market

Listing information is provided by the listing brokerage and is deemed reliable but not guaranteed. Corridor Real Estate is not the listing brokerage. Listing data on this site is provided through CREA's DDF® by Cooper Jones, REALTOR®, Coldwell Banker OnTrack Realty, a member of The Canadian Real Estate Association, who is responsible for this website's listing content. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. REALTOR.ca Canada Inc. reproduces and distributes this information as a service for its members and neither CREA nor REALTOR.ca Canada Inc. assumes responsibility for its accuracy. REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Terms Of Use

$385,000

Est. $1,686/mo

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