Palo, Sylvan Lake · MLS® A2350063
322
1,286 sq ft · 2,889 sq ft lot · Townhouse · Single Family · built 1993 · 18 days on market
listed by Jeremy Martins, Coldwell Banker OnTrack Realty
NO CONDO FEES! If you are looking for a home and you have the ability to put in some work to make it your own, this 3 bedroom, 2 bathroom townhouse in Palo could be for you! Located across the street from CP Blakely Elementary School, the Community Center, Skatepark, ball diamonds and playground, this spacious end-unit has a ton of value and is looking for new owners to give it a fluff n' puff! The main floor features a cozy gas fireplace in the living room, a large kitchen and 2 piece bathroom, while the upstairs boasts a good sized primary with large walk-in closet, a 4 piece bathroom which hosts the laundry area as well, and 2 more bedrooms. The lower level is partially finished and adds extra space for an office, gym area, or living space. Out back there is a SINGLE GARAGE to store the toys in, and a fenced yard (fence new in 2025), a great spot for the kids to play or to enjoy an evening fire with friends and family. Recent updates include: Newer shingles, new light fixtures, and some new flooring. This property is also located just a short walk to Lakeshore Drive, Sylvan Lake main beach, many restaurants, the NexSource Center, and the Sylvan Lake Community Health Center too! Dont miss out on this opportunity in a fantastic location!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
Costs: mortgage $1,024 · tax $220 · 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
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about $2,350 a year
The asking price times Sylvan Lake's 2026 residential rate of 10.00 per $1,000 (municipal and education).
The listing shows $2,639 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 80/100 · Very walkable: most errands on foot
Within a 10 minute walk: 1 grocery store, 5 places to eat or drink, 2 cafes, 15 parks and playgrounds, 2 schools, 1 pharmacy.
mihom score from OpenStreetMap places, by straight line distance.