4430 47 Avenue

1 / 24

$299,900

4430 47 Avenue

Palo, Sylvan Lake · MLS® A2351622

663 sq ft · 2,615 sq ft lot · Townhouse · Single Family · built 2000 · 2 days on market

listed by Robert Thomson, Real Broker

realtor's description

Affordable bi-level in a central Sylvan Lake fourplex with no condo fees, about 1 km from the beach. The main floor has a vaulted-ceiling living room, an open kitchen and dining area with plenty of cupboard space, main-floor laundry and a 2-piece bath. Downstairs you'll find three bedrooms and a 4-piece bath. Out back there's a deck, a fenced yard and a shed, with back lane access. Walking distance to C.P. Blakely School, Ecole Our Lady of the Rosary, the Sylvan Lake Family & Community Centre, Sobeys and Shoppers Drug Mart. A great fit for first-time buyers or investors.

property details

type: Townhouse, Single Family
bedrooms: 3
bathrooms: 2
living area: 663 sq ft
lot: 2,615 sq ft
parking: 0
year built: 2000
property tax: $2,479 / yr
days on market: 2
MLS®: A2351622

features

Back lane
Lake Privileges
Refrigerator
Dishwasher
Stove
Washer/Dryer Stack-Up

property tax

about $2,999 a year

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

The listing shows $2,479 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.

monthly cost

$1,513/mo

Mortgage $1,307 · Tax $207

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$1,307/ monthly

loan $239,920

25-year amortization

down payment20% · $59,98020%+ 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: $152,071
land title fees: $640; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $60,620; down + land title fees
total paid: $391,991

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: −$253/mo
cap rate: 4.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,307 · tax $207 · 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