For Sale: 501 & 502-401 4 Street, Rural Cypress County, AB - REW
Boost your listing
Listing featured. Your listing will be featured on REW.
View featured placement
$169,000
2 bd • 2 ba • 1041 sf • Apt/Condo

501 & 502 - 401 4th StreetRural Cypress County, AB, T0J 1C0

  • 2 Bed
  • 2 Bath
  • 1041 Sqft
  • Apt/Condo

About this home

Some Places Are Worth Visiting. Elkwater Is Worth Owning! Imagine waking up in the Cypress Hills with no particular plans and an entire day to enjoy them! Coffee in the morning sunshine, a walk through the trees, perhaps an afternoon on the lake or a round of golf. Maybe you'll spend the whole day exploring, or maybe you'll find a comfortable spot and decide the view is entertainment enough. That's the beauty of Elkwater. There's plenty to do, and absolutely no reason to rush! Located at Elkwater Lake Lodge, units 501 and 502 are being sold together, offering a unique opportunity to own two adjoining suites that can be enjoyed independently or combined through an interior connecting door. The main suite features a full kitchen, dining area, living room with fireplace, a separate bedroom, and a spacious bathroom with a soaker tub and shower. The adjoining studio suite provides additional sleeping space, a sink, bar fridge, microwave, and its own bathroom with shower. Step outside to the lodge's treed grounds and enjoy the fresh air and beautiful natural surroundings. With an indoor swimming pool and on-site dining, there are even a few reasons to spend the day right at the lodge! And there's no need to pack away the fun when summer ends. Autumn brings colourful trails and crisp mornings, while winter opens the door to downhill skiing, cross-country skiing, skating, and snowshoeing. Every season offers a different way to experience this beautiful corner of Alberta. Here's where ownership gets interesting! Both suites come fully furnished, so everything is ready for you to start enjoying your time in Elkwater. Owners can enjoy up to 120 days of personal use each year, subject to availability, while the suites participate in the lodge's managed rental pool for the remainder of the year. The hotel handles guest bookings, cleaning, and maintenance, with rental revenue split 60% to the owner and 40% to the hotel. The owner's portion is applied toward condominium fees, with electricity paid separately by the owner. There's something pretty special about having a place in one of Alberta's most beautiful destinations. A place to make memories, spend time with the people you love, and enjoy a change of scenery whenever the opportunity comes along. With the comforts of your own space and the conveniences of a resort, this is an opportunity to make the Cypress Hills part of your story for years to come!
Listed by: Cyrstal Hancock, Real Estate Centre

Home facts and features

Price details
List Price
Strata Maintenance Fees
$1,109 Monthly
Home facts
Bedrooms
2
Full Bathrooms
2
Property Type
Apt/Condo
Year Built
Built in 2006 (20 yrs old)
Style
Apartment-Single Level Unit
Exterior Finish
Stone, Wood Siding
Heating Type
Natural Gas, Forced Air
Cooling
Central Air
Features
Common Area Laundry, Kitchen Island, Lake, Laminate Counters, Park, Playground, Vinyl Windows, Walking/bike Paths
Amenities
Laundry, Snow Removal, Swimming Pool
Appliances
Dishwasher, Electric Range, Microwave, Range Hood, Refrigerator
Agent details
Primary Agent
Primary Broker
Real Estate Centre
Secondary Agent
Secondary Broker
Real Estate Centre
Listing details
Days on REW
1 Day
MLS® Number
A2351682
Source
Pillar 9
Board
REALTORS® Association of South Central Alberta
Is this your listing? Help it to stand out.

Mortgage Calculator

Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

Connect with our mortgage partner

Gurkirat Athwal

Gurkirat Athwal

CIBC Mortgage

Mortgages, made clear. Bank-trained underwriting meets real estate expertise — for buyers, owners, and investors alike.

Connect with a mortgage expert

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Ralston School
  • n/a
  • -
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-10-10.
We use cookies and other technologies for functionality, security, and to provide you with a personalized experience on our online services. By continuing to use our online services, you agree to our Privacy Policy and Terms of Use. For information on how to adjust your privacy settings, visit our Cookie Policy.
Dismiss