4738 50 Street E Sylvan Lake, AB T4S 1G8
Listing Courtesy of: PILLAR 9 - IDX / Listed By: Royal Lepage Network Realty Corp.

  4738 50 Street E Sylvan Lake, AB T4S 1G8

Active (368 Days)
$345,900 (CAD)
1
BED
1
BATH
490
SQFT

Description

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! If combined with the neighboring tripe lot the development potential is immense with ideal location only blocks from the lake. 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. 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! REDEVELOP to MULTI FAMILY DC50 ZONING!

MLS®:
A2251325
Lot Size
6,490 SQFT
Type
Single-Family Home
Year Built
1947
Style
Bungalow
County
Red Deer County

Listed By

Krysta Rush, Royal Lepage Network Realty Corp.
Source
PILLAR 9 - IDX
Last checked Aug 28 2026 at 10:15 PM EDT
Bathroom Details
  • Full Bathroom: 1
Interior Features
  • Appliances : Refrigerator
  • Appliances : Stove(s)
  • Appliances : Washer/Dryer
  • Appliances : Window Coverings
  • Laundry/Utility Room : In Unit
  • Ceiling Fan(s)
  • Wood Windows
Subdivision
  • Downtown
Lot Information
  • Treed
  • Back Lane
  • Back Yard
  • Front Yard
  • Fruit Trees/Shrub(s)
  • Interior Lot
Property Features
  • Fireplace: Gas
  • Fireplace: Total Fireplace(s) : 0 Electric
  • Foundation: Block
  • Foundation: Other
  • Foundation: Combination
Heating and Cooling
  • Wall Furnace
  • None
Basement Information
  • Crawl Space
Flooring
  • Hardwood
  • Vinyl Plank
Exterior Features
  • Roof: Asphalt Shingle
Garage
  • Single Garage Attached
Parking
  • Gravel Driveway
  • Parking Space(s) : 3
Stories
  • 1
Living Area
  • 490 sqft

Listing Price History

Date
Event
Price
% Change
$ (+/-)
May 12, 2026
Price Changed
$345,900
-1%
-$4,000
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Disclaimer: Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.