5203 Lakeshore DR, Sylvan Lake, AB T4S 1E8
5203 Lakeshore DR, Sylvan Lake, AB T4S 1E8
5203 Lakeshore DR, Sylvan Lake, AB T4S 1E8
5203 Lakeshore DR, Sylvan Lake, AB T4S 1E8
5203 Lakeshore DR, Sylvan Lake, AB T4S 1E8
5203 Lakeshore DR, Sylvan Lake, AB T4S 1E8
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Viren Vijayashankar

Viren Vijayashankar

Bowhaven - Exp Realty of Canada

+1(587) 742-8877
$ 750,000
Est. payment | /mo

10,018 Sqft Lot


Save
$ 750,000
Est. payment | /mo
Save

10,018 Sqft Lot

Key Details

Property Type Vacant Land

Sub Type Commercial Land

Listing Status Active

Purchase Type For Sale

Subdivision Central Core

MLS Listing ID A2319778

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Commercial Land

Property Description

Click Brochure link for more details** Lakeshore Corner represents an exceptional opportunity to acquire a 9,860 sqft development siter featuring 53 feet of prime frontage on Lakeshore Drive. The offering is elevated by the potential for a significant land assemblage opportunity to also acquire the adjacent Edgewater Inn and the 5207 Lakeshore Drive property. This strategic combination allows for the creation of a landmark consolidated site,unlocking the potential for a large-scale project that would command a premier corner of the waterfront. A future development will benefit from unparalleled access to Sylvan Lake's best amenities and a location next to existing luxury projects. With deep municipal utilities ready at the lot line,the Site provides the ideal foundation for a landmark commercial and residential development in one of Alberta's most popular lakeside communities. The Site is the definitive epicenter of Sylvan Lake,located just steps from the 1.6 km waterfront promenade and sandy beach. It is situated in the heart of the high-traffic commercial strip,offering a brief two to five minute walk to the town's most popular destinations,including the pier,microbreweries,rooftop dining,and public boat launches. Sylvan Lake is a proven year-round destination. Beyond the summer draw of boating and the Aqua Splash,the town hosts major events like Canada Day and Winterfest. In winter,the vibrant Winter Village,ice skating,and ice fishing drive continuous visitor traffic and commercial demand,ensuring year-round viability for retail and desirability for residents. The lot is located in the Waterfront Commercial District (CW). This valuable designation encourages mixed-use developments that blend ground-floor retail,tourist services,or restaurants with upper-floor residential or multi-family condo units. The site commands a strategic corner location with 53 feet of premium frontage on Lakeshore Drive and an additional 97 feet along 52nd Street. This dual frontage ensures maximum brand visibility,offers prominent lake views,and provides flexible design and access options for future development. Being positioned in a mature,established municipal grid,the lot boundaries are serviced with deep municipal water,sewer,natural gas,and electricity lines,making development planning far faster than rural lakefront plots.

Location

Province AB

County 0263

Community Lake, Shopping Nearby, Sidewalks, Street Lights

Zoning W-DC

Interior

Inclusions See Remarks

Fireplace No

Exterior

Fence None

Community Features Lake, Shopping Nearby, Sidewalks, Street Lights

Utilities Available Electricity at Lot Line, Water At Lot Line, Natural Gas at Lot Line, See Remarks

Waterfront Description See Remarks

Garage No

Others

Restrictions See Remarks

Listed by Honestdoor Inc.
LOCATION AND OTHER NEARBY PROPERTIES

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5203 Lakeshore DR

REVIEWS

Shuvolaxmi Dutta

Highly recommend! An absolute pleasure to work with. We recently purchased our beautiful new home in Calgary with the help of Viren and we couldn’t be happier with the entire experience. From the very beginning, he truly listened to our specific needs, likes, and dislikes. He understood exactly what we were looking for in a family home and didn’t recommend us to see anything that didn’t align with our vision. He was very respectful of our budget and helped us find excellent options within our range without ever making us feel pressured. He never rushed us — even when we took time to think things through, he was patient and supportive every step of the way. What really stood out was how he went above and beyond during the final walkthrough. He took care of a few issues that came up and made sure everything was properly addressed before closing. It gave us so much peace of mind. Most importantly, working with him felt like searching for a home with a close family friend. His warmth, honesty, and genuine care made, what could have been a stressful process, truly enjoyable. We are so grateful for his help in finding our perfect family home and would recommend him to anyone without hesitation! Thank you again Viren!

Stallone Dias

We recently worked with Viren to purchase a rental property, and the experience was excellent from start to finish. Buying a home can be stressful, but Viren made the entire process smooth and straightforward. He was knowledgeable, responsive, and always available to answer our questions. We never felt pressured and always felt that he had our best interests in mind. His guidance throughout the search, negotiations, and closing process was invaluable, and thanks to his hard work, we found the perfect property. I would highly recommend Viren to anyone looking to buy or sell a home. Thank you for making what could have been a stressful experience such a positive one! - We will definitely be in-touch when we're in the market for another property.

Michael Rand

I am a Alberta certified home inspector for a top home inspection company and have had the pleasure to work with Virin on a few occasions, his professional attitude and knowledge of the space is exceptional and should be a bar set by all realtors to match. It was a pleasure and I look forward to a long professional relationship with him and his company in the future. Thanks for being so professional and prompt with all requests.
Viren Vijayashankar

Viren Vijayashankar

Agent | CON-00135400

+1(587) 742-8877

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