THIS IS IT! THE TIME IS NOW!! INCREDIBLE opportunity to own this ideally located and unsubdivided quarter section overlooking Sylvan Lake with absolutely stunning lake, mountain and town views. The existing farmyard sits high above its paved Hwy 20 frontage and Central Alberta's most popular tourist-recreation lake destination. Classic 1964 farmhouse - 1,185 SF 3 bed/2 bath bungalow with partial basement development and single garage attached by breezeway accessible from the front and back yard. The home has a solid layout that could easily be renovated and updated. Three-tiered front deck for entertaining and taking in the incredible views. The landscaped yard has a large shelter belt with mature trees and fruit trees, large lawns, fire pit area and newly constructed driveway and automatic entry gate. Chain-link fenced back yard area for children or pets to safely run and play. Outbuildings include a classic hip roof barn on concrete with power, 40'x56' heated arch rib Quonset on concrete with newer rollup door and welding plug, garden shed and 32'x60' open-faced shed with enclosed end section. 2 privately owned water wells for the house and the yard. There are other panoramic view "DREAM" home locations on the westward sloped and slightly rolling 103+/- acres of cultivated farm land. So many opportunities with this parcel to build your dream home and subdivide a first out acreage parcel. Or explore future development as this parcel has incredible views of the lake, a prime location - across the road from the Town of Sylvan Lake ASP boundary, across from the North entrance to the prestigious Summer Village of Jarvis Bay, and on the corner leading to LAKEWOOD Golf Course and a gorgeous 31 acre +/- solid block of natural parkland aspen trees and grass provide shelter for the yard site and/or reserve land potential in a future development. Great location - close to golf courses, public boat launch across the road, town, schools and all that Sylvan Lake has to offer. Annual income includes surface lease revenue from a Town of Sylvan Lake water well ($8100+/- annual with 2% annual increase plus $2000 access road maintenance and crop land rental of $6,000. These opportunities don't come around but a few times in a lifetime... make it yours now!