Condo
$215,000
2311, 604 8 Street SW
Downtown, Airdrie3 days on market
listed by Century 21 Masters
MLS® A2353729
1805, 5220 50A Avenue
$214,900
1805, 5220 50A Avenue
Downtown, Sylvan Lake · MLS® A2330801
111
797 sq ft · 1,752 sq ft lot · Townhouse · Single Family · built 2002 · 95 days on market
listed by CJ McArthur, Century 21 Maximum
realtor's description
TOP FLOOR END UNIT | 1 BEDROOM + DEN (with window) | WALK TO THE LAKE & GOLF COURSE. Prime Sylvan Lake location just a short stroll from Lakeshore Drive, the marina, golf course, restaurants, shopping and walking trails. This move-in ready unit is the perfect fit for a first time buyer, downsizer, investment property or weekend retreat. Enjoy low maintenance living in a bright, open layout floor plan with large windows and great natural light. Featuring an updated kitchen with a newer stove, bright east-facing balcony, newer carpet plus durable vinyl plank flooring. The kitchen offers plenty of white cabinetry, tile backsplash, island with eating bar, and a window over the sink. The cozy living room features a gas fireplace and access to an upper level deck overlooking the treed court yard. One king sized bedroom plus a versatile den with double French doors and a sunny window is perfect for a guest room, office, or hobby space. Additional features include newer stackable in unit laundry, off street parking pad right in front, extra storage under the front steps, and optional rented storage rooms available through the condo association. Low condo fees $318/month includes insurance, snow removal, maintenance, and more. Pets allowed with board approval. This affordable lake living condo checks all the boxes!
property details
- type
- Townhouse, Single Family
- bedrooms
- 1
- bathrooms
- 1
- living area
- 797 sq ft
- lot
- 1,752 sq ft
- parking
- 1
- year built
- 2002
- property tax
- $1,769 / yr
- strata fee
- $318 / mo ($0.40 / sq ft)
- strata rules
- Pets Allowed With Restrictions
- days on market
- 95
- MLS®
- A2330801
features
- See remarks
- Parking
- Golf Course Development
- Lake Privileges
- Fishing
- Pets Allowed With Restrictions
monthly cost
$1,402/mo
Mortgage $936 · Tax $147 · Strata $318
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
if you rented it out
- rent
- $1,350/mo
- after all costs
- −$335/mo
- cap rate
- 3.4%
- yearly net rent ÷ price
Costs: mortgage $936 · tax $147 · strata $318 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 1-bedroom in Sylvan Lake: CMHC's average there ($1,355) lowered 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
location
Downtown, Sylvan LakeGoogle Maps ↗
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