401 4 ST #505 & 506 Active Save Request In-Person Tour Request Virtual Tour
Rural Cypress County,AB T0J 1C0
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 1,112 sqft
Price per Sqft $205
Subdivision Elkwater
MLS Listing ID A2106379
Style Low-Rise(1-4)
Bedrooms 2
Full Baths 2
Condo Fees $1,176/mo
Year Built 2006
Annual Tax Amount $1,748
Tax Year 2023
Property Sub-Type Apartment
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 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!
Location
Province AB
County Cypress County
Zoning PP
Interior
Heating Forced Air,Natural Gas
Cooling Central Air
Flooring Carpet
Fireplaces Number 1
Fireplaces Type Gas,Living Room
Inclusions all furnishings, all kitchen utensils
Laundry Common Area
Exterior
Parking Features Off Street,Parking Lot,Paved
Garage Description Off Street,Parking Lot,Paved
Community Features Park,Playground
Utilities Available Cable Available,Electricity Available,Electricity Not Paid For,Natural Gas Available,Garbage Collection,Sewer Available
Amenities Available Indoor Pool,Laundry,Snow Removal
Roof Type Asphalt,Concrete,Shingle
Exposure S
Building
Lot Description Landscaped,Standard Shaped Lot,Wooded
Story 2
Foundation Other,Poured Concrete
Sewer Sewer
Water Public
Structure Type Stone
Others
Pets Allowed Restrictions