Lakeway Landing, Sylvan Lake · MLS® A2350292
211
1,024 sq ft · Condo · Single Family · built 2006 · 19 days on market
listed by Darcy Rosie, CIR Realty
Top-floor 2-bedroom, 1-bathroom condo in Sommerset at Lakeway Landing, overlooking Leader Field. Fourth floor, northwest park view, no neighbours above, and move-in ready. Newer flooring runs through a bright, cheerful layout, complemented by upgraded kitchen lighting and a new in-suite washer and dryer. The electric fireplace anchors the living room, a good spot to watch the snow fall from four storeys up. A new phantom screen opens to the deck, where a natural gas line is ready for the barbecue. Convenience is built into this property. The underground parking stall sits right beside the elevator doors with a storage area included, and the unit is steps from the elevator upstairs, so groceries and furniture go from car to front door with ease.Secure entry, two elevators, and a bright main-floor fitness centre complete the building. Highway 11 is a quick exit without in-town traffic. A gas station, convenience store, and liquor store are directly across the street, and a new Co-op grocery store is under construction within walking distance. Pogadl Park is a five-minute bike ride, with the Gulls ballpark, spray park, and six new pickleball courts. New public and Catholic high schools are planned to the south. Condo fees include heat, water, sewer, garbage and more. Easy to show, with immediate possession and a neighbourhood with so much to offer.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $1,045 · tax $207 · strata $524 · 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 $2,399 a year
The asking price times Sylvan Lake's 2026 residential rate of 10.00 per $1,000 (municipal and education).
The listing shows $2,490 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 17/100 · Car needed for most errands
Within a 10 minute walk: 4 parks and playgrounds.
mihom score from OpenStreetMap places, by straight line distance.