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401 4 Street , 505 & 506

Rural Cypress County, AB T0J 1C0
  • $249,999
  • STATUS: Active
  • ID#: A2004577
UPDATED: 34 min ago
$249,999
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,112
    SQFT
  • $225
    $/SQFT
Neighbourhood:
Type:
Condo
Built:
2006
Area:

Description

Nestled quietly in the beautiful Cypress Hills, Elkwater is a year-round recreational garden of delights. Only a 40-minute drive from Medicine Hat, this flourishing resort oasis offers an abundance of vacation activities: boating, water skiing, fishing, biking, golf and hiking in the summer; skating, downhill and x-country skiing in the winter. This impressive 1,122 sq.ft. 2 bedroom / 2 bath condo is located in Elkwater Lake Lodge, which offers a delightful restaurant, pool, hot tub, fire pit and room service. The main unit boasts the popular open floor plan, which is awash in natural light flooding in from the numerous windows. A fully stocked kitchen offers an abundance of cupboards, an upgraded double sink and high-end faucet, and the 2-seat island and countertops have been re-done in granite. A separate dining area abuts a spacious living room, which comfortably sits 6 people and features a river stone gas fireplace. A generous wraparound deck (with gas hookup) is accessed via the living room and affords a quiet, relaxing retreat to "chill out" and take in the wooded views. A large bedroom and a 4-piece bathroom with a soaker tub completes the main unit. The adjoining studio suite, which also has a separate entrance, offers a spacious bedroom (kingsize bed) with access to a private deck, along with a coffee bar, mini-fridge, microwave and sink, and a 3-piece bath. This ideally located condo is only a short walk to the downtown marina, sandy beach, lake, restaurant and popular cafe. Priced well below assessed value, this is a solid investment opportunity for a single family or even as a group venture. Furthermore, this Phase 1 condo is part of a revenue generating rental pool. Owner is allowed 120 days usage throughout the year with the remaining time available in the rental pool. THE OWNER RECOUPS 60% OF ANY RENTAL REVENUE, WHICH HAS AVERAGED ABOUT $11,000 THE LAST FEW YEARS, SO IT BASICALLY PAYS THE MONTHLY CONDO FEES AND ELECTRIC BILL. It comes with all the appliances and is fully furnished. This all-season getaway is an affordable, "must see" property.

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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: 2023-02-07T21:29:59.933.
www.searchcalgaryonline.com/homes/133750608
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401 4 Street , 505 & 506 Rural Cypress County, AB T0J 1C0

  • Price: $249,999
  • Status: Active
  • On Site: Days
  • Updated: 34 min ago
  • ID#: A2004577
2
Beds
2
Baths
0
½ Baths
N/A
Acres
1,112
SQFT
$225
$/SQFT
2006
Built
Neighbourhood:
Elkwater
Area:
Cypress
Property Description
Nestled quietly in the beautiful Cypress Hills, Elkwater is a year-round recreational garden of delights. Only a 40-minute drive from Medicine Hat, this flourishing resort oasis offers an abundance of vacation activities: boating, water skiing, fishing, biking, golf and hiking in the summer; skating, downhill and x-country skiing in the winter. This impressive 1,122 sq.ft. 2 bedroom / 2 bath condo is located in Elkwater Lake Lodge, which offers a delightful restaurant, pool, hot tub, fire pit and room service. The main unit boasts the popular open floor plan, which is awash in natural light flooding in from the numerous windows. A fully stocked kitchen offers an abundance of cupboards, an upgraded double sink and high-end faucet, and the 2-seat island and countertops have been re-done in granite. A separate dining area abuts a spacious living room, which comfortably sits 6 people and features a river stone gas fireplace. A generous wraparound deck (with gas hookup) is accessed via the living room and affords a quiet, relaxing retreat to "chill out" and take in the wooded views. A large bedroom and a 4-piece bathroom with a soaker tub completes the main unit. The adjoining studio suite, which also has a separate entrance, offers a spacious bedroom (kingsize bed) with access to a private deck, along with a coffee bar, mini-fridge, microwave and sink, and a 3-piece bath. This ideally located condo is only a short walk to the downtown marina, sandy beach, lake, restaurant and popular cafe. Priced well below assessed value, this is a solid investment opportunity for a single family or even as a group venture. Furthermore, this Phase 1 condo is part of a revenue generating rental pool. Owner is allowed 120 days usage throughout the year with the remaining time available in the rental pool. THE OWNER RECOUPS 60% OF ANY RENTAL REVENUE, WHICH HAS AVERAGED ABOUT $11,000 THE LAST FEW YEARS, SO IT BASICALLY PAYS THE MONTHLY CONDO FEES AND ELECTRIC BILL. It comes with all the appliances and is fully furnished. This all-season getaway is an affordable, "must see" property.
Exterior Features

Architectural Style Low-Rise(1-4) Construction Materials Stone Entry Level 2 Exterior Features None Foundation Details OtherPoured Concrete Garage YN No Levels Multi Level Unit Parking Features Off StreetParking LotPaved Parking Total 2 Patio And Porch Features Balcony(S) Roof AsphaltConcreteShingle Structure Type Low Rise (2-4 Stories) Unit Exposure S

Interior Features

Bedrooms Above Grade 1 Common Walls 2+ Common Walls Cooling Central Air Ensuite YN No Fireplace Features GasLiving Room Fireplaces Total 1 Five Piece Bath 0 Five Piece Ensuite Bath 0 Flooring Carpet Four Piece Bath 1 Four Piece Ensuite Bath 0 Heating Forced AirNatural Gas Interior Features Granite CountersKitchen IslandNo Animal HomeNo Smoking HomeOpen FloorplanStorage Laundry Features Common Area Rooms Kitchen (Main) Living Room (Main) Bedroom (Suite) Bedroom (Main) 3pc Bathroom (Suite) 4pc Bathroom (Main) Entrance (Main) Six Piece Bath 0 Six Piece Ensuite Bath 0 Three Piece Bath 1 Three Piece Ensuite Bath 0 Two Piece Bath 0 Two Piece Ensuite Bath 0

Property Features

Additional Parcels YN No Association Amenities Indoor PoolLaundrySnow Removal Association Fee 825.47 Association Fee Frequency Monthly Association Fee Includes Amenities Of Hoa/CondoCable TvCaretakerCommon Area MaintenanceInsuranceProfessional ManagementReserve Fund ContributionsSewerSnow RemovalTrashWater Association YN Yes Association2 YN No Community Features ParkPlayground Condo Type Conventional Direction Faces Se Inclusions All Kitchen Utensils Lot Features LandscapedStandard Shaped LotWooded New Construction YN No One Piece Bath 0 Parking Plan Type Unassigned Pets Allowed Restrictions Property Sub Type Apartment Sewer Sewer Title Land Leasehold Township 8 Transaction Type For Sale Utilities Cable AvailableElectricity AvailableNatural Gas AvailableGarbage CollectionSewer Available Water Source Public Zoning Pp

Listing provided courtesy of Better Homes & Gardens Real Estate Signature Srvc. © 2023 Pillar 9™. All Rights Reserved.
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: 2023-02-07T21:29:59.933.
 
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518-9th Avenue SE
Calgary AB, T2G 0S1