pillar/IMG-A2251325_1.jpg
71 days on Market

4738 50 St, Sylvan Lake, Alberta T4S1G8

Detached
1
1
~490.00 sqft
$349,900
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Detached
1
1
~490.00 sqft

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Highlights

Property Estimate

Days on market71 days

Estimated valueNot available

Price/Sqft$714/sqft

Monthly cost

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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!


Property Details

StyleBungalow
View-
Age of property1947
SqFt~490.00 SqFt
Lot Size-
Parking Spaces3
MLS ®NumberA2251325
Community NameSylvan Lake
Data SourcePILLAR 9
Listing byRoyal LePage Network Realty Corp.

Features

Heating: Natural Gas,Space Heater,Wall Furnace
Basement: Crawl Space,None

Main Floor

Bedroom

9`4" x 9`0"

4pc Bathroom

0`0" x 0`0"

Entrance

9`0" x 8`0"

Kitchen

11`0" x 9`5"


Parking

Garage spaces 1

Garage type -

Other parking spaces 2

Total parking spaces 3


Property History

Aug 25, 2025
ListedActive
$349,900
71 days on market
history photo preview22
Listing by pillar 9®
Property listed by Royal LePage Network Realty Corp., Brokerage
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Market Data - Sylvan Lake

Geo Zone Map ThumbnailSylvan Lake

Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

44 days

Compared to

2024

63 days

2023

55 days

2022

49 days

New Listings

Past 30 days

31 listings

Compared to

2024

25 listings

2023

22 listings

2022

18 listings

Units sold

Past 30 days

22 units

Compared to

2024

21 units

2023

21 units

2022

16 units

Median Sold Price

Past 30 days

$446,450

Compared to

2024

$371,000

2023

$420,000

2022

$372,600


Population and Demographics

Overview

Total population 11969
Average household income $119,570

Age (%)

0 to 19
28%
20 to 34
20%
35 to 49
23%
50 to 64
18%
65 and plus
11%

Household composition (%)

Single family
66%
Single person
28%
Multi person
6%
Multi family
0%

Mother tongue (%)

English
95%
Others
3%
French
1%

House tenancy (%)

Owners
67%
Renters
33%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget