We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estates sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
505 & 506, 401 4 Street, Rural Cypress County
2024-02-12
Quick Summary
- Location
- 505 & 506, 401 4 Street, Rural Cypress County, Alberta T0J1C0
- Price
- $199,999
- Status:
- For Sale
- Property Type:
- Single Family
- Area:
- 1112 sqft
- Bedrooms:
- 1 bed +1
- Bathrooms:
- 2
- Year of Construction:
- 2006
MLS®#A2106379
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! (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Park, Playground
Building
- Amenities: Swimming, Laundry Facility
- Appliances: Refrigerator, Dishwasher, Stove, Microwave, Window Coverings
- Architectural Style: Low rise
- Construction Style: Attached
- Cooling Type: Central air conditioning
- Exterior Finish: Stone
- Fireplace: Yes
- Flooring Type: Carpeted
- Interior Size: 1112 sqft
- Building Type: Apartment
- Stories: 2
- Utility Water: Municipal water
Features
- Feature: No Animal Home, No Smoking Home
Land
- Land Size: Unknown
- Sewer: Municipal sewage system
Maintenance Fee
- Maintenance Fee: 1176.00
Ownership
- Type: Condominium/Strata
Zoning
- Description: PP
Information entered by RIVER STREET REAL ESTATE
Listing information last updated on: 2025-07-25 15:35:20
Book your free home evaluation with a 1% REALTOR® now!
How much could you save in commission selling with One Percent Realty?
Slide to select your home's price:
$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 3% on the balance + GST. Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
Yes, and yes.
Learn more about the One Percent Realty Deal