$550,000
5044 50 Street
Beds
—
Baths
—
Sqft
2,470
Year
1978
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
Turn Key Lake Investment Property! Looking for a solid investment in a can’t-beat location? This property has 3 great tenants already in place and sits in one of the most sought-after areas around! You’ll love the parking at the back, plus it’s just steps from the water, shops, and local spots everyone’s talking about.This one’s a rare find — it won’t last long! (id:65958)
- Subtype
- Other
- Structure
- Commercial Mix
- Community
- Downtown
- Living area
- 2,470 square feet
- Lot size
- 3,670 square feet
- Lot dimensions
- 3670.00
- On market
- Jan 20, 2026
- Status changed
- Apr 15, 2026
- Annual tax
- $2,904 (2025)
- Zoning
- W-DC
- Photos
- 13
- MLS#
- A2280390
- Area
- SYLVAN_LAKE
Cash on cash
-12.07%
Cap rate
3.48%
GRM
16.7
Break-even rent
$3,915
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Sylvan Lake. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 15, 2026.