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206 Cambridge Way
homes for sale · Sylvan Lake · Crestview
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$379,900

206 Cambridge Way

Crestview, Sylvan Lake · MLS® A2351579

332

1,240 sq ft · 2,288 sq ft lot · Townhouse · Single Family · built 2026 · 15 days on market

listed by Paul Lucyk, Century 21 Maximum

realtor's description

Welcome to 206 Cambridge Way in the desirable Crestview community of Sylvan Lake! Built by award-winning Falcon Homes, this brand-new 1,240 sq. ft. townhome offers 3 bedrooms, 2.5 bathrooms, modern finishes, and NO CONDO FEES! The thoughtfully designed main floor features a bright, open-concept layout that seamlessly connects the spacious living room, dining area, and beautifully appointed kitchen. Enjoy quartz countertops, a large island with eating bar, stainless steel appliances, ample cabinetry, and a built-in pantry, making this space perfect for everyday living and entertaining. Upstairs, you'll discover three generously sized bedrooms, including a comfortable primary suite with its own private ensuite featuring a tiled shower and glass door. Two additional bedrooms and a full bathroom provide plenty of space for family or guests. The unfinished basement offers excellent potential for future development, allowing you to customize the space to suit your needs. Outside, enjoy front yard landscaping, a divider fence, and a rear deck, providing a great space to relax or entertain. Located in the growing community of Crestview, residents enjoy nearby parks, playgrounds, walking trails, and convenient access to schools, shopping, restaurants, and Sylvan Lake's beautiful waterfront. Whether you're a first-time buyer, growing family, or investor, this property offers an exceptional opportunity to own a brand-new home in one of Sylvan Lake's most desirable neighbourhoods. Experience modern living, quality craftsmanship, and the convenience of a fantastic location at 206 Cambridge Way! Photos and Rendering are represenative.

property details

type
Townhouse, Single Family
bedrooms
3
bathrooms
3
living area
1,240 sq ft
lot
2,288 sq ft
parking
2
year built
2026
property tax
$839 / yr
days on market
15
MLS®
A2351579

features

  • Back lane
  • Golf Course Development
  • Lake Privileges
  • Fishing
  • Refrigerator
  • Dishwasher

monthly cost

$1,725/mo
Mortgage $1,655 · Tax $70

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$1,655/ monthly
loan $303,920
25-year amortization
total interest
$192,636
land title fees
$785
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$76,765
down + land title fees
total paid
$496,556

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent
$1,560/mo
after all costs
−$465/mo
cap rate
3.8%
yearly net rent ÷ price

Costs: mortgage $1,655 · tax $70 · 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

location

Crestview, Sylvan LakeGoogle Maps ↗

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listed by
Paul Lucyk
Century 21 Maximum
call Paul · 604-614-2310
Powered by: REALTOR.ca

similar homes nearby

property tax

about $3,798 a year

The asking price times Sylvan Lake's 2026 residential rate of 10.00 per $1,000 (municipal and education).

The listing shows $839 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.

location

Crestview, Sylvan LakeGoogle Maps ↗
Drive times
  • Beacon Hill Elementary3 min
  • Downtown Red Deer21 min
  • Red Deer Polytechnic21 min
  • Red Deer Regional Hospital Centre23 min
19

Walkability 19/100 · Car needed for most errands

Within a 10 minute walk: 2 parks and playgrounds.

mihom score from OpenStreetMap places, by straight line distance.

59 Crestview Boulevard, Sylvan Lake
59 Crestview Boulevard, Sylvan Lake, photo 2
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59 Crestview Boulevard, Sylvan Lake, photo 8
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58 Concord Rise, Sylvan Lake, photo 6
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58 Concord Rise, Sylvan Lake, photo 8
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31 Crestview Boulevard, Sylvan Lake
31 Crestview Boulevard, Sylvan Lake, photo 2
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31 Crestview Boulevard, Sylvan Lake, photo 6
31 Crestview Boulevard, Sylvan Lake, photo 7
31 Crestview Boulevard, Sylvan Lake, photo 8
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