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604 & 605, 401 4 Street
homes for sale · Rural Cypress County · Elkwater
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$179,900

604 & 605, 401 4 Street

Elkwater, Rural Cypress County · MLS® A2307118

232

1,334 sq ft · House · Single Family · built 2011 · 176 days on market

listed by PATRICE MORRISON, RIVER STREET REAL ESTATE

realtor's description

RECREATIONAL PROPERTY OPPORTUNITY THAT SUPPLEMENTS YOUR MONTHLY PAYMENTS! Welcome to your own slice of paradise in Elkwater, nestled within the breathtaking beauty of Cypress County! Immerse yourself in the tranquillity of lake living while enjoying the convenience of just a 45-minute drive from Medicine Hat. Introducing our newest condo listing at Elkwater Lake Lodge, offering the perfect blend of relaxation and adventure. Located in the heart of Elkwater's charming lake development, this property boasts access to an array of outdoor activities, from skiing and hiking to ice fishing and boating. Step inside your cozy retreat, where comfort meets convenience. This unique condo offers the best of both worlds, with two separate units providing ample space for the whole family. The loft-style unit features a spacious master bedroom upstairs with a private 3-piece bath, while the main level boasts a full kitchen with a charming island overlooking the inviting living room, complete with a rustic stone gas fireplace. A convenient 2-piece bath, perfect for guests or quick touch-ups, also accompanies the kitchen.The second unit offers a large master bedroom space, an open living area, and a cozy breakfast bar, providing the ideal setup for family gatherings and relaxation. Plus, with an additional 4-piece bath, everyone can enjoy their own space and privacy. But the perks don't end there! As an owner at Elkwater Lake Lodge, you can use the condo for 120 days per calendar year with no restrictions, allowing you to soak up the serenity of lake life whenever you please. And when you're not enjoying your own personal getaway, your condo can be placed in the rental pool, with a percentage of the rent covering condo fees, taxes and utilties associated with the property. So why wait? Escape the hustle and bustle of city life and embrace the beauty of lake living in Elkwater. Your adventure awaits!

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property details

type
House, Single Family
bedrooms
2
bathrooms
3
living area
1,334 sq ft
parking
2
year built
2011
property tax
$2,055 / yr
strata fee
$1,328 / mo ($1.00 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
176
MLS®
A2307118

features

  • Recreational
  • Parking
  • Golf Course Development
  • Fishing
  • Pets Allowed With Restrictions
  • Refrigerator

monthly cost

$2,283/mo
Mortgage $784 · Tax $171 · Strata $1,328

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment
$784/ monthly
loan $143,920
25-year amortization
total interest
$91,222
land title fees
$425
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$36,405
down + land title fees
total paid
$235,142

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
PATRICE MORRISON
RIVER STREET REAL ESTATE
call PATRICE · 403-866-2022
Powered by: REALTOR.ca
▶ virtual tour

location

Elkwater, Rural Cypress CountyGoogle Maps ↗

property tax

about $1,071 a year

The asking price times Cypress County's 2026 residential rate of 5.95 per $1,000 (municipal and education).

The listing shows $2,055 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.

location

Elkwater, Rural Cypress CountyGoogle Maps ↗
Drive times
  • Downtown Medicine Hat54 min
20

Walkability 20/100 · Mostly by car

Within a 10 minute walk: 1 place to eat or drink, 1 cafe.

mihom score from OpenStreetMap places, by straight line distance.

501 & 502, 401 4 Street, Rural Cypress County
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Condo
$169,000
4methe deep dive
501 & 502, 401 4 Street
Elkwater, Rural Cypress County14 days on market
listed by Real Estate Centre
221,041 sq ft
MLS® A2351682
505 & 506, 401 4 Street, Rural Cypress County
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505 & 506, 401 4 Street, Rural Cypress County, photo 7
505 & 506, 401 4 Street, Rural Cypress County, photo 8
Condo
$173,900
4methe deep dive
505 & 506, 401 4 Street
Elkwater, Rural Cypress County326 days on market
listed by RIVER STREET REAL ESTATE
22
2
1,112 sq ft
MLS® A2273583