5019 52 Street, Sylvan Lake, Alberta

About This Property

This unique and fully renovated triplex offers an exceptional revenue opportunity just one block from the lake, currently generating $5,850 per month in rental income and being offered fully furnished for a true turnkey investment. Situated on a massive lot with a fully fenced yard, this property features three legally suited units, including two 2 bedroom units and one 1 bedroom unit, each with its own character and strong rental appeal. The property includes a two storey home originally built in 1924, a second structure built in 1974, and a charming one bedroom cabin complete with its own kitchen, bathroom, and in suite laundry. All three units have been updated, making this an ideal opportunity for investors or those looking to live in one unit while generating income from the others. With its proximity to the lake and flexible layout, there is also excellent potential for short term rental use, including Airbnb. The exterior space is just as impressive, featuring a huge lot with a clean, low maintenance white vinyl fence and three separate sundecks, one for each unit, providing private outdoor space for tenants or guests. Additional upgrades include brand new eavestroughs, as well as improvements to the cabin including updated lighting, plumbing lines, and added insulation to protect water lines. With approximately 2,000 square feet of developed living space and a truly one of a kind setup, this property stands out as a rare opportunity in a highly desirable location near the lake, amenities, and recreational areas.