505 & 506-401 4 Street Rural Cypress County, AB
$ 262,500
Property Attributes
  • ID#MH0188736
  • TypeCondos
  • CityRural Cypress County
  • Postal CodeT0J 1C0
  • Style
  • Price$ 262,500
  • Bedrooms1+1
  • Bathrooms2+0
  • Half Bathrooms0
  • Sqr Footage1112
Listing Provided Courtesy Of:
Kelly Risling with Better Homes & Gardens Real Estate Signature Srvc
Data Source:
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 reaps 60% of any rental revenue, which has averaged about $10,000 the last few years, so it basically pays the monthly condo fee. It comes with all the appliances and is fully furnished. This all-season getaway is an affordable, "must see" property.

General Features

Beds 1+1
Maintenancefees 782.00
Suite Number 505 & 506

Interior Features

Bedrooms 1+1
Total Baths 2+0

Exterior Features

Jumpid 13504902


  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Pets
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Condos Average in T0J 1C0

AVG $260K
AVG 245
Year Built
AVG 2009