Downtown, Sylvan Lake · MLS® A2330100
111
745 sq ft · Condo · Single Family · built 1992 · 99 days on market
listed by Kade Garritty, CIR Realty
Whether you're looking for your first home, an investment property, or an affordable place just steps from Sylvan Lake's waterfront, this Lakeshore Drive condo is worth a look. This one bedroom plus den apartment offers a functional layout with plenty of flexibility for a home office, guest room, or hobby space. Enjoy your morning coffee or unwind at the end of the day from one of two private balconies, giving you extra outdoor space to take advantage of the lake lifestyle. The assigned parking stall adds convenience, while the unbeatable location puts the beach, restaurants, shopping, and everything downtown Sylvan Lake has to offer just outside your door. Affordable opportunities in this location don't come along often. Whether you're looking to get into the market or expand your investment portfolio, this condo offers exceptional value in the heart of Sylvan Lake.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $871 · tax $152 · strata $646 · insurance ~$35 · 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
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about $1,999 a year
The asking price times Sylvan Lake's 2026 residential rate of 10.00 per $1,000 (municipal and education).
The listing shows $1,829 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 73/100 · Walkable: many errands on foot
Within a 10 minute walk: 17 places to eat or drink, 2 cafes, 4 parks and playgrounds, 1 pharmacy.
mihom score from OpenStreetMap places, by straight line distance.