Diane Richardson 403.397.3706
Family-friendly real estate options in Red Deer County communities
4738 50 Street E
Sylvan Lake
T4S 1G8
$349,900
Residential
beds: 1
baths: 1.0
6,484 sq. ft.
built: 1947
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2251325
- Bedrooms:
- 1
- Bathrooms:
- 1
- Year Built:
- 1947
- Photos (22)
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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!
- Property Type:
- Residential
- Property Sub Type:
- Detached
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Suite:
- No
- Home Style:
- Bungalow
- Total Living Area:
- 6,483.96 sq. ft.
- Acreage:
- No
- Lot Area:
- 6,490 sq. ft.
- Lot Frontage:
- 50'
- Front Exposure:
- East
- Levels:
- One
- Total Rooms Above Grade:
- 3
- Year built:
- 1947 (Age: 78)
- Bedrooms:
- 1 (Above Grd: 1)
- Bedrooms Above Grade:
- 1
- Bedrooms Below Grade:
- 0
- Bathrooms:
- 1.0 (Full:1, Half:0)
- Plan:
- 1549AJ
- Heating:
- Natural Gas, Space Heater, Wall Furnace
- Basement:
- Crawl Space, None
- Foundation:
- Block, Combination, Other
- New Constr.:
- No
- Construction Material:
- Wood Siding
- Structure Type:
- House
- Roof:
- Asphalt Shingle
- Ensuite:
- No
- Flooring:
- Hardwood, Vinyl Plank
- Cooling:
- None
- Fireplaces:
- 0
- Fireplace Details:
- Electric, Gas
- Garage:
- Yes
- Garage Spaces:
- 1
- Parking:
- Alley Access, Gravel Driveway, Single Garage Attached
- Parking Places:
- 3
- Parking Total/Covered:
- 3 / -
- Laundry Features:
- In Unit
- Downtown (Sylvan Lake)
- Refrigerator, Stove(s), Washer/Dryer, Window Coverings
- furniture (negotiable)
- Development Restriction
- Floor
- Type
- Size
- Other
- Main Floor
- Bedroom
- 9'4" × 9'
- Main Floor
- Entrance
- 9' × 8'
- Main Floor
- Kitchen
- 11' × 9'5"
- Main Floor
- Living/Dining Room Combination
- 11' × 9'5"
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- 4
- 0' x 0'
- Title to Land:
- Fee Simple
- Community Features:
- Fishing, Golf, Lake, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
- Interior Features:
- Ceiling Fan(s), Wood Windows
- Exterior Features:
- Private Yard
- Patio And Porch Features:
- None
- Lot Features:
- Back Lane, Back Yard, Front Yard, Fruit Trees/Shrub(s), Interior Lot, Treed
- Num. of Parcels:
- 0
- Fencing:
- None
- Region:
- Red Deer County
- Zoning:
- DC-50
- Listed Date:
- Aug 25, 2025
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Listed by Royal LePage Network Realty Corp.
Data was last updated August 27, 2025 at 12:05 PM (UTC)
Area Statistics
- Listings on market:
- 123
- Avg list price:
- $444,900
- Min list price:
- $139,900
- Max list price:
- $1,800,000
- Avg days on market:
- 36
- Min days on market:
- 1
- Max days on market:
- 343
- Avg price per sq.ft.:
- $373.41
These statistics are generated based on the current listing's property type
and located in
Sylvan Lake. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
CIR REALTY
Office
703 64 Ave SE #130
Calgary, AB, T2H 2C3