Serving Medicine Hat Since 1955

  • Main Office

  • 403 4th St. SE Medicine Hat

#505 & 506 401 4 Street

Rural Cypress County
home Current Listings MLS® MH0188736

#505 & 506 401 4 Street , Rural Cypress County


Property Description

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 reaps 60% of any rental revenue, which has averaged about $10,000 the last few years, so it basically pays the monthly condo fee. It comes with all the appliances and is fully furnished. This all-season getaway is an affordable, "must see" property.

1112 sqft 2 2

Quick Summary

MLS® Number MH0188736
Status Active
Price $262,500
Year Built 2006
Living Area 1112 sqft
Bedrooms 2
Bathrooms 2
Condo Fees $782.00
Garage No

Property Features


  • Dishwasher (built-in)
  • Refrigerator
  • Stove
  • Microwave (built-in)
  • Soaker tub
  • Window coverings
  • Central air conditioning
  • Televisions (2)
  • All furniture

Parking Features

  • Off Street

Room Sizes


Kitchen 12`0" x 8`0"
Living Room 19`0" x 13`0"
Bedroom 13`0" x 11`0"
4pc Bathroom
Entrance 10`0" x 8`0"


Bedroom 16`0" x 13`0"
3pc Bathroom

Contact Agent




Better Homes & Gardens Real Estate Signature Srvc

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