At One Percent Realty, we offer full real estate service while helping sellers reduce the amount they pay in commission fees. In terms of service, marketing, and exposure, we are comparable to traditional real estate brokerages. Your property is listed on MLS®, REALTOR.ca, and other major real estate websites. We provide professional marketing, signage (where permitted), showings, open houses, negotiation services, contract management, and guidance from listing to possession day. The difference is simple: you receive full professional service without paying unnecessarily high commissions.
505 & 506, 401 4 Street, Rural Cypress County
2025-12-02
Quick Summary
- Location
- 505 & 506, 401 4 Street, Rural Cypress County, Alberta T0J1C0
- Price
- $179,000
- Status:
- For Sale
- Property Type:
- Single Family
- Area:
- 1112 sqft
- Bedrooms:
- 1 bed +1
- Bathrooms:
- 2
- Garages:
- 2
- Year of Construction:
- 2006
MLS®#A2273583
Property 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! (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: Multi-level
- 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: 1108.23
Ownership
- Type: Condominium/Strata
Zoning
- Description: PP
Information entered by RIVER STREET REAL ESTATE
Listing information last updated on: 2026-06-07 15:11:01
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
For residential properties priced at $500,000 and under, we charge a flat fee of $5,000 plus GST. For residential properties over $500,000, we charge 1% of the sale price plus GST. The seller decides what they wish to offer the buyer’s agent, starting with an equal commission of 1%. For commercial properties, farms, or development opportunities, please contact us directly for a customized consultation.
Yes. Your property receives full MLS® exposure and appears on REALTOR.ca just like listings from traditional brokerages.
Learn more about the One Percent Realty Deal