Downtown, Sylvan Lake · MLS® A2312435
341
1,644 sq ft · Townhouse · Single Family · built 2019 · 153 days on market
listed by Jacqui Fletcher, Royal LePage Network Realty Corp.
Experience lake life at its finest with this stunning downtown property overlooking the Sylvan Lake Marina. Located in a desirable gated community, this beautifully updated home offers both security and convenience, complete with a single attached garage and all amenities just steps away—including shopping, restaurants, golf, and endless lake activities. This particular unit offers a rare bonus of an elevator for enhanced accessibility. Only 1 of 6 units in Water's Edge Villas offers this added premium option. The main level showcases a bright, open-concept design with a spacious living room featuring an electric fireplace, seamlessly connecting to the kitchen and dining areas. The modern kitchen is elegantly finished with quartz countertops, stainless steel appliances, a built-in microwave, and a large island with sink, with laminate flooring—perfect for entertaining. Recent upgrades throughout the home include fresh paint, new window coverings, modern lighting, a new bidet toilet seat in the main floor washroom, and new Phantom screens on both deck doors, creating a clean and contemporary feel while allowing for fresh air and indoor-outdoor living. Upstairs, you’ll find a well-appointed primary bedroom with a custom walk-in closet and private 3-piece ensuite, along with a second bedroom, a 4-piece bathroom, and convenient in-hall laundry. Additional features include custom closets, a water softener, and new epoxy flooring in garage. Step outside onto one of two decks and take in breathtaking views of the marina—an ideal space to relax and enjoy everything lake living has to offer.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $3,093 · tax $610 · strata $365 · 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 $7,098 a year
The asking price times Sylvan Lake's 2026 residential rate of 10.00 per $1,000 (municipal and education).
The listing shows $7,318 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.
Walkability 69/100 · Walkable: many errands on foot
Within a 10 minute walk: 16 places to eat or drink, 1 cafe, 4 parks and playgrounds, 1 pharmacy.
mihom score from OpenStreetMap places, by straight line distance.