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$399,000
3 Beds ⋅ 1 Baths ⋅ A2323825 MLS® #
Own a Piece of Sylvan Lake — and Make It Work for You Tucked among mature trees just blocks from the water, this charming 3-bedroom, 1.5-bath cottage has been fully refreshed and is ready to generate income from day one. With brand new floors, fresh paint, and two updated bathrooms, the hard work is already done — all that's left is to enjoy the returns. The main floor offers two bedrooms, a spacious living room with a cozy wood-burning fireplace, and a butler pantry off the kitchen with rough-ins for a sink — a practical bonus for a rental setup. A third bedroom with its own 2pc bathroom sits on the upper level, giving guests or tenants their own private retreat. Outside, you'll find a double detached garage, a private yard surrounded by mature trees, and 75 x 130 ft across three titled lots — plenty of space to add value over time. The back lane adds convenience, and the east-facing front exposure means gorgeous morning light. Sylvan Lake's rental demand runs strong through every season, and this location — walkable to the lake, shopping, schools, and the golf course — keeps it consistently attractive to tenants. Whether you're adding to your portfolio or stepping into your first income property, this one is move-in ready and waiting. NOTE ZONING DC-50 for future Multifamily permit

4734 50 Street, Red Deer County

Courtesy of Royal LePage Network Realty Corp..
$335,000
2 Beds ⋅ 2 Baths ⋅ A2318198 MLS® #
This charming and well maintained home is an excellent opportunity for first-time buyers, those looking to downsize, or investors seeking a revenue property. Numerous upgrades have been completed within the past five years, including new living room flooring (2026), a new countertop in the two piece bathroom (2026), chain link fencing (2021), replacement of the bathroom and hallway windows (2021), a new hot water tank (2023), central air conditioning (2023), a garage heater (2023), a new furnace (2025) and duct cleaning completed in 2025. A new sump pump will be included as a back up to the existing, fully functional sump pump system, providing added peace of mind for future owners. The upper level features two spacious bedrooms, both offering generous closet space. A third bedroom could easily be added on the lower level if desired. The main four piece bathroom is conveniently located on the upper floor near the bedrooms, while a two-piece bathroom serves the family room on the lower level. The kitchen is designed with functionality in mind, featuring oak cabinetry, ample counter space and storage - perfect for the chef in the family. Enjoy your morning coffee in the cozy breakfast nook, then unwind in the evening while taking in the beautiful sunsets from your living room. A valuable bonus is the four foot crawl space beneath the main level, providing extra additional storage. The oversized 20 x 28 garage is the perfect man cave or she-shed as it is heated and equipped with 220V power. Two man doors offer added convenience and easy access. Behind the garage you will find a storage shed and additional parking with space for a small RV or camper. Ideally located within walking distance to the beach and close to schools, public transit and shopping, this home offers comfort, convenience and exceptional value!

4727 44 Street, Red Deer County

Courtesy of Red Key Realty & Property Management.

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 last updated: .