Diane Richardson

 

Office Location:
703 64 Ave SE #130,
Calgary, AB T2H 2C3, 


Diane Richardson 

Cell: 403.397.3706

 

403-397-3706 E-Mail Me Now

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Affordable Homes for Sale in Calgary: $400,000 to $500,000 | Contact Diane Richardson


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505 & 506 401 4 Street
Elkwater (Rural Cypress County) Rural Cypress County T0J 1C0

$199,999
Residential beds: 2 baths: 2.0 1,112 sq. ft. built: 2006

Main Photo: 505 & 506 401 4 Street: Rural Cypress County Apartment for sale : MLS®# A2106379
Photo 1: 505 & 506 401 4 Street: Rural Cypress County Apartment for sale : MLS®# A2106379
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Photo 28: 505 & 506 401 4 Street: Rural Cypress County Apartment for sale : MLS®# A2106379
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2106379
Bedrooms:
2
Bathrooms:
2
Year Built:
2006
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 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!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Suite:
Yes
Home Style:
Apartment-Low-Rise (1-4)
Total Living Area:
1,112 sq. ft.
Condo Fee:
$1,176.00
Condo Fee Includes:
Amenities of HOA/Condo, Cable TV, Caretaker, Common Area Maintenance, Gas, Heat, Insurance, Interior Maintenance, Internet, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
Acreage:
No
Front Exposure:
Southeast
Unit Exposure:
South
Floor Location:
Other
Entry Level:
2
Stories Total:
2
Levels:
Multi Level Unit
End Unit:
1 Common Wall
Total Rooms Above Grade:
3
Year built:
2006 (Age: 19)
Bedrooms:
2 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
0610960
Heating:
Forced Air, Natural Gas
Foundation:
Other, Poured Concrete
New Constr.:
No
Construction Material:
Stone
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt, Concrete, Shingle
Ensuite:
No
Flooring:
Carpet
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas, Living Room
Water Supply:
Public
Sewer:
Sewer
Utilities:
Cable Available, Electricity Available, Electricity Not Paid For, Natural Gas Available, Garbage Collection, Sewer Available
Garage:
No
Parking:
Off Street, Parking Lot, Paved
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
Common Area
Condo Fee Frequency:
Monthly
Z-name Not Listed
Elkwater (Rural Cypress County)
Indoor Pool, Laundry, Snow Removal
Dishwasher, Electric Stove, Microwave, Refrigerator, Window Coverings
all furnishings, all kitchen utensils
Board Approval
Restrictions
Floor
Type
Size
Other
Main Floor
Kitchen
12' × 8'
Main Floor
Living Room
19' × 13'
Main Floor
Bedroom
13' × 11'
Main Floor
Entrance
10' × 8'
Suite
Bedroom
16' × 13'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
Suite
No
3
Title to Land:
Leasehold
Community Features:
Park, Playground
Interior Features:
Granite Counters, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Storage
Exterior Features:
None
Patio And Porch Features:
Balcony(s)
Lot Features:
Landscaped, Standard Shaped Lot, Wooded
Num. of Parcels:
0
Nearest Town:
Irvine
Region:
Cypress County
Zoning:
PP
Listed Date:
Feb 07, 2024
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Listed by RIVER STREET REAL ESTATE
Data was last updated November 10, 2025 at 05:30 AM (UTC)
Area Statistics
Listings on market:
27
Avg list price:
$873,800
Min list price:
$95,000
Max list price:
$2,249,900
Avg days on market:
54
Min days on market:
3
Max days on market:
641
Avg price per sq.ft.:
$455.71
These statistics are generated based on the current listing's property type and located in Rural Cypress County. Average values are derived using median calculations. This data is not produced by the MLS® system.
DIANE RICHARDSON
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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.