505 & 506, 401 4 Street
Rural Cypress County, Alberta
MLS® A2273583
$179,000
- Status
- Active
- Property type
- House
- MLS® number
- A2273583
- Bedrooms
- 2
- Bathrooms
- 2
- Year built
- 2006
1 / 28Listing description
MOTIVATED SELLERS!!! 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 ridiculously 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 BASICALLY PAYS THE MONTHLY CONDO FEES AND ELECTRIC BILL. It comes with all the appliances and is fully furnished.
This "must see" property is an all-season getaway at a very affordable price!
Property summary
- MLS® number
- A2273583
- Property type
- Single Family
- Building type
- Apartment
- Square footage
- 1,112 sq ft
- Title
- Condo/Strata
- Built in
- 2006
- Annual property taxes
- $1,730.00
- Parking
- 2 spaces · Other
- Days on market
- 267 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Flooring
- Carpeted
- Appliances
- Refrigerator, Dishwasher, Stove, Microwave, Window Coverings
- Exterior features
- Stone
- Lot features
- No Animal Home, No Smoking Home
- Community features
- Pets Allowed With Restrictions
- Architectural style
- Multi-level
- Maintenance fee
- $1,108.23 / Monthly
What would this home cost you?
Based on the $179,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RIVER STREET REAL ESTATE, MEDICINE HAT.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.