Downtown, Sylvan Lake · MLS® A2333814
221
1,251 sq ft · Condo · Single Family · built 1995 · 85 days on market
listed by Blair Morris, Royal LePage Network Realty Corp.
EXCEPTIONAL 1251SQFT, 2BED/2BATH TOP FLOOR CONDO WITH LOFT AND UNDERGROUND PARKING, CLOSE TO THE LAKE! Step inside this perfect condo with a beautiful entrance into impressive open design, vaulted ceilings on the main floor with loads of natural light. The kitchen boasts tons of cabinets and counter tops, tiled backsplash, all appliances...overlooking a beautiful living room with corner gas fireplace with wood mantle and stone facing. 2 bedrooms including master bedroom with walk through closet and full ensuite bathroom. Large second bedroom, 4 piece bathroom, and laundry are all on the main level. Head upstairs and enjoy the large loft with a stunning wall of custom cabinetry. Underground heated parking and secure storage for this unit, along with a workshop. Enjoy the top level deck/balcony with a lake view. Perfect location, close to all amenities and a short walk to the beach/lake/golf course. Easy access to both highways. Beautiful condo in a perfect location!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $1,394 · tax $268 · strata $618 · 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
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about $3,199 a year
The asking price times Sylvan Lake's 2026 residential rate of 10.00 per $1,000 (municipal and education).
The listing shows $3,219 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 53/100 · Somewhat walkable: some errands on foot
Within a 10 minute walk: 2 places to eat or drink, 4 parks and playgrounds.
mihom score from OpenStreetMap places, by straight line distance.