Land
$350,000
505 Railway Street W
Downtown, Cochranelisted today
listed by RE/MAX Realty Professionals
MLS® A2354550
#2, 4415 Lakeshore Drive
$324,900
#2, 4415 Lakeshore Drive
Downtown, Sylvan Lake · MLS® A2333986
211
736 sq ft · Condo · Single Family · built 1978 · 85 days on market
listed by Nathan Wade, eXp Realty
realtor's description
This stunning condo comes FULLY FURNISHED with 2 bedroom, 1 bathroom and amazing lake views, with walkout access to the beach! Step inside this ground level condo and discover an open concept living, with loads of natural light, thanks to large patio windows that frame the picturesque Sylvan Lake. The living area is an ideal spot to unwind infront of the brick face fireplace, complete with high end finishes such as hard surface countertops in the kitchen, modern appliances, & easy care vinyl plank flooring. Both bedrooms are generous in size offering a peaceful retreat ~ both of which house queen size beds. The renovated bathroom showcases a walk in shower creating a true spa like ambiance. Sit back and relax on the private balcony, where you can savor all that Lakeshore Drive in Sylvan Lake has to offer. This condo is located in a well maintained building close to all amenities - including the beach, dining, shopping and entertainment options! Embrace the opportunity to own this dreamy Sylvan Lake condo ~currently being run as a successful AirBnB ~ and experience the ultimate in contemporary urban living! This home comes furnished and ready to just sit back and enjoy!
property details
- type
- Condo, Single Family
- bedrooms
- 2
- bathrooms
- 1
- living area
- 736 sq ft
- parking
- 1
- year built
- 1978
- property tax
- $1,927 / yr
- strata fee
- $726 / mo ($0.99 / sq ft)
- strata rules
- Pets Allowed With Restrictions
- days on market
- 85
- MLS®
- A2333986
features
- Other
- No Smoking Home
- Lake Privileges
- Pets Allowed With Restrictions
- Refrigerator
- Range - Electric
monthly cost
$2,302/mo
Mortgage $1,416 · Tax $161 · Strata $726
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
- $1,460/mo
- after all costs
- −$994/mo
- cap rate
- 1.6%
- yearly net rent ÷ price
Costs: mortgage $1,416 · tax $161 · strata $726 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 2-bedroom in Sylvan Lake: CMHC's average there ($1,467) 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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