See all 28 photos

$239,900

Est. payment - /mo

Save

2 BD

2 BA

1,112 SqFt

Active

401 4 ST #505 & 506 Rural Cypress County, AB T0J 1C0

Save

In-PersonVirtual Tour

Ronaldo Terra

ronaldo@thecompassteam.ca +1(403) 668-7018

UPDATED:

08/30/2024 08:50 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 1,112 sqft

Price per Sqft $215

Subdivision Elkwater

MLS® Listing ID A2106379

Style Low-Rise(1-4)

Bedrooms 2

Full Baths 2

Condo Fees $1,176/mo

Originating Board Medicine Hat

Year Built 2006

Annual Tax Amount $1,748

Tax Year 2023

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

Direction SE

Interior

Interior Features Granite Counters, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Storage

Heating Forced Air, Natural Gas

Cooling Central Air

Flooring Carpet

Fireplaces Number 1

Fireplaces Type Gas, Living Room

Inclusions all furnishings, all kitchen utensils

Appliance Dishwasher, Electric Stove, Microwave, Refrigerator, Window Coverings

Laundry Common Area

Exterior

Garage 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

Porch Balcony(s)

Parking Type Off Street, Parking Lot, Paved

Exposure S

Total Parking Spaces 2

Building

Lot Description Landscaped, Standard Shaped Lot, Wooded

Story 2

Foundation Other, Poured Concrete

Sewer Sewer

Water Public

Architectural Style Low-Rise(1-4)

Level or Stories Multi Level Unit

Structure Type Stone

Others

HOA Fee Include Amenities of HOA/Condo,Cable TV,Caretaker,Common Area Maintenance,Gas,Heat,Insurance,Interior Maintenance,Internet,Maintenance Grounds,Parking,Professional Management,Reserve Fund Contributions,Sewer,Snow Removal,Trash,Water

Restrictions Board Approval

Tax ID 83716349

Ownership Leasehold

Pets Description Restrictions

Listed by RIVER STREET REAL ESTATE

GET MORE INFORMATION

Ronaldo Terra

REALTOR® | License ID: ldterraro

+1(403) 668-7018