About 5116 50 Avenue
Situated just a few blocks from the stunning lakefront and the vibrant heart of downtown Sylvan Lake, this expansive 100’ x 126’ (11,450 sq ft) lot offers incredible potential. Zoned West Village Residential District, this rare parcel allows for a wide range of development options — ideal for constructing fourplexes, townhomes, stacked row houses, or even a boutique apartment building (up to 4 storeys, as per the Sylvan Lake Land Use Bylaws). With proximity to the lake, amenities, and recreational hotspots, this property is the perfect canvas for a signature residential development in one of Alberta’s most desirable lake communities. Don't miss out on this prime investment opportunity — explore the potential today!
Features of 5116 50 Avenue
| MLS® # | A2248009 |
|---|---|
| Price | $325,000 |
| Bathrooms | 0.00 |
| Acres | 0.26 |
| Type | Land |
| Sub-Type | Residential Land |
| Status | Active |
Community Information
| Address | 5116 50 Avenue |
|---|---|
| Subdivision | NONE |
| City | Sylvan Lake |
| County | Red Deer County |
| Province | Alberta |
| Postal Code | T4S 1E6 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Lot Description | Back Lane, Back Yard |
|---|
Additional Information
| Date Listed | August 12th, 2025 |
|---|---|
| Days on Market | 72 |
| Zoning | HERITAGE DIRECT CONTROL D |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | CIR Realty |
|---|