38 Station Drive

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$389,900

38 Station Drive

Sixty West, Sylvan Lake · MLS® A2353670

332

1,229 sq ft · 2,220 sq ft lot · Townhouse · Single Family · built 2026 · 4 days on market

listed by Kevin Durling, Royal LePage Network Realty Corp.

realtor's description

Step into property ownership with this beautifully designed townhouse, perfect for first time buyers and investors alike. Located in one of Central Alberta’s most park-like communities, you’ll enjoy over 4 km of scenic trails and pathways, seamlessly connecting forest, parks and local amenities. Inside, the spacious living room welcomes you with modern styling. Entertain in the contemporary kitchen featuring quartz countertops, a generous island, corner pantry and direct access to a private deck, ideal for summer bbq’s. The main level also boasts a convenient 2 piece bath. Upstairs, relax in a large master bedroom complete with a sleek glass enclosed shower in the 3 piece ensuite. Two further bedrooms, a full 4 piece bath and handy upper floor laundry provide comfort and practicality with a partially fenced yard and off street parking. This property blends lifestyle and convenience in an exceptional community setting.

property details

type: Townhouse, Single Family
bedrooms: 3
bathrooms: 3
living area: 1,229 sq ft
lot: 2,220 sq ft
parking: 2
year built: 2026
days on market: 4
MLS®: A2353670

features

Back lane
Lake Privileges
Refrigerator
Range - Electric
Dishwasher
Microwave

property tax

about $3,898 a year

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

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.

monthly cost

$1,699/mo

Mortgage $1,699

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$1,699/ monthly

loan $311,920

25-year amortization

down payment20% · $77,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $197,707
land title fees: $805; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $78,785; down + land title fees
total paid: $509,627

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: −$439/mo
cap rate: 3.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,699 · 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