$349,900
FOR SALE

Detached Bungalow

Bedrooms: 1Bathrooms: 1Lot: 15.24 x 39.62 m

4738 50 Street E
Sylvan Lake, AB T4S 1G8

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! (id:47421)
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Listed By Royal LePage Network Realty Corp.
Data Provided By Central Alberta REALTORS® Association
MLS® Listing Number A2251325
Last Updated Feb 19, 2026
Property Summary
Property Type Detached

More like this:
Community Downtown
Price History

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Detailed Information
Bedrooms 1
Bathrooms 1
Lot 15.24 x 39.62 m
Amenities Nearby Golf Course, Playground, Schools, Shopping, Water Nearby
Community Features Golf Course Development, Lake Privileges, Fishing
Features Treed, Back lane, Wood windows
Listing Contract Date 2025-08-25
Municipal ID 0018522921
Ownership Type Freehold
# of Parking Spaces 3
Plan 1549AJ
Property Type Single Family
Structures None
Transaction Type For sale
Zoning Description DC-50
Building
Appliances Refrigerator, Stove, Window Coverings, Washer & Dryer
Architectural Style Bungalow
Basement Type Crawl space
Constructed Date 1947
Construction Style (Attachment) Detached
Cooling Type None
Exterior Finish Wood siding
Flooring Type Hardwood, Vinyl Plank
Foundation Type Block, See Remarks
Heating Fuel Natural gas
Heating Type Space Heater, Other
Stories Total 1
Total Finished Area 490 sqft
Type House
Rooms
Room Level Dimensions Notes
BedroomMain level9.33 Ft x 9.00 Ft
OtherMain level9.00 Ft x 8.00 Ft
KitchenMain level11.00 Ft x 9.42 Ft
Living room/Dining roomMain level11.00 Ft x 9.42 Ft
4pc BathroomMain level.00 Ft x .00 Ft
Parking Spaces
Name Spaces
Gravel
Attached Garage1
Land
Total Size 6490.64 square feet
Amenities Golf Course, Playground, Schools, Shopping, Water Nearby
Fence Type Not fenced
Landscape Features Fruit trees
Size of Irregular Land 6490.64

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