Downtown, Sylvan Lake · MLS® A2345211
222
1,034 sq ft · Condo · Single Family · built 2007 · 40 days on market
listed by Pat Garritty, CIR Realty
Looking for a spacious 2-bedroom condo in Sylvan Lake with two underground parking stalls and golf course access nearby? This refreshed 1,034 sq. ft. unit in Fairway Estates offers one of the larger floor plans in the development, two full bathrooms, newer flooring, a private patio, and an excellent downtown location. The open-concept living area feels bright and spacious, with an electric fireplace and floor-to-ceiling windows bringing in plenty of natural light. The refreshed kitchen offers generous counter space plus an additional serving and bar area that works beautifully as a coffee bar, buffet, or entertaining station. There is also room for a full dining table, a feature not commonly found in many units in the building. The primary bedroom features a walk-in closet and a 4-piece ensuite. The second bedroom offers two closets and is conveniently located near the second full bathroom. New flooring runs throughout the unit, while a brand-new stacked washer and dryer adds everyday convenience. Step outside to your private patio with strong sun exposure and enjoy a quiet setting in downtown Sylvan Lake. Unit 321 also includes two titled underground parking stalls and a private storage locker. Fairway Estates amenities include a fitness centre, hot tub, steam room, theatre room, games room, private outdoor BBQ area, and underground wash bay. With expansive windows adding to the bright, open feel, this 2-bedroom condo in Sylvan Lake puts you within walking distance of Sylvan Lake Golf & Country Club, the marina, Lakeshore Drive, restaurants, shops, and the lakefront.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $1,633 · tax $232 · strata $715 · 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 $3,748 a year
The asking price times Sylvan Lake's 2026 residential rate of 10.00 per $1,000 (municipal and education).
The listing shows $2,780 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 63/100 · Walkable: many errands on foot
Within a 10 minute walk: 9 places to eat or drink, 1 cafe, 5 parks and playgrounds, 1 pharmacy.
mihom score from OpenStreetMap places, by straight line distance.