Lakeway Landing, Sylvan Lake · MLS® E4485628
32
1,420 sq ft · Townhouse · Single Family · built 2006 · 173 days on market
listed by Heather Morris, MORE Real Estate
INVESTORS! Located in Sylvan Lake. Welcome to this stylish and spacious 1,420 sq. ft. 3-bedroom townhome located in the heart of beautiful Sylvan Lake. This well-maintained, move-in-ready home features a bright and open main floor with a modern kitchen, freshly updated tile grout, stainless steel appliances, including a brand-new stove and fridge, and plenty of space for cooking and entertaining. Upstairs offers three generous bedrooms, perfect for families, a home office, or guest use. Enjoy year-round comfort with central air conditioning installed in 2023 and a furnace replaced just five years ago. Outside, you'll find a fully fenced, south-facing backyard with a private deck—ideal for sunny afternoons and outdoor dining. Additional highlights include two parking stalls, new blinds, and quick possession available. Located close to schools, parks, shopping, and just minutes from the lake and beach, this property is an excellent opportunity for first-time buyers, downsizers, or investors alike.
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $1,176 · strata $316 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 3+ bedroom in Sylvan Lake: CMHC's average there ($1,505) raised by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca
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about $2,699 a year
The asking price times Sylvan Lake's 2026 residential rate of 10.00 per $1,000 (municipal and education).
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.
Walkability 18/100 · Car needed for most errands
Within a 10 minute walk: 4 parks and playgrounds.
mihom score from OpenStreetMap places, by straight line distance.