$179,000
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505 & 506, 401 4 Street, Rural Cypress County, AB T0J1C0

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2 Beds
2 Baths
1,112 Sq Ft

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:58753)

Listing By: KELLY RISLING - RIVER STREET REAL ESTATE cncrea2 Realty.com
  • MLS® A2273583
  • Date Listed12/02/2025
  • Days on Realty 185 Days
  • Bedrooms 2
  • Bathrooms 2 baths
  • Lot Size -
  • Sewer Public Sewer
  • Subdivision Elkwater
  • Property Type Apartment
  • Year Built 2006
  • Water Public
  • Square Feet 1,112 sq. ft
  • Price Per Sq. Ft $160.97

Interior Features

  • Appliances Refrigerator, Dishwasher, Stove, Microwave, Window Coverings
  • Flooring Carpeted
  • Cooling Central air conditioning
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features No Animal Home, No Smoking Home

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T0J1C0

Discover key demographics, population statistics, and environmental insights for the Rural Cypress County, AB area.

Walkability in AB / T0J1C0

Source: Walk Score

12/100

Car-Dependent

Walk Score ®

0/100

Minimal Transit

Transit Score ®

6/100

Bikable

Bike Score ®

Overview

Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 6/100, Transit Score: 0/100, Bike Score: 3/100.

Points of Interest near 505 & 506, 401 4 Street, Rural Cypress County, AB T0J1C0

Frequently Asked Questions for 505 & 506, 401 4 Street

Source: Realty.com

505 & 506, 401 4 Street, Rural Cypress County, AB T0J1C0 in Elkwater, Rural Cypress County, AB T0J1C0 is a apartment listed at $179,000. Highlights include 2 bedrooms, 2 bathrooms, 1,112 sq. ft., built in 2006, $161 per sq. ft., HOA fee $1,108 Monthly. Realty.ca has 28 photos, sales history, school insights, and mor...

Realty.com has 28 photos of 505 & 506, 401 4 Street.

Our records indicate that 505 & 506, 401 4 Street was built in 2006.

The full address for this home is 505 & 506, 401 4 Street, Rural Cypress County, AB T0J1C0.

505 & 506, 401 4 Street has been listed on Realty.com since Tue December 02, 2025

Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 6/100, Transit Score: 0/100, Bike Score: 3/100.

Listing provided courtesy of: RIVER STREET REAL ESTATE
Listing agent: KELLY RISLING

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