Palo, Sylvan Lake · MLS® A2348587
221
546 sq ft · 1,875 sq ft lot · Townhouse · Single Family · built 2001 · 27 days on market
listed by Jamie Berg, Royal LePage Network Realty Corp.
Welcome to this bright and inviting two bedroom two bathroom bi-level townhouse in Sylvan Lake offering 1037sq feet of total living space! Thoughtfully designed and well cared for, this home offers a functional layout perfect for first-time buyers, downsizers, or investors. The main floor features an open concept living space with fresh paint throughout and a cozy living room with soft carpeting and patio doors which lead to the west exposed balcony ideal for morning coffee or evening relaxation. The crisp white kitchen offers plenty of storage, counter space and a window above the sink. The convenient main floor laundry room with the two piece bathroom adds everyday practicality. Downstairs, you’ll find two comfortable bedrooms including a spacious primary suite plus a full four piece bathroom and additional storage. The hot water tank was recently replaced for additional peace of mind. The exterior of the home is finished with durable stucco and asphalt shingles, offering great curb appeal. The monthly condo fee of $425 per month includes garbage, sewer, water, reserve fund contributions and exterior maintenance. One parking stall is included and there is additional visitor parking as well. This is a great opportunity if you are looking for a low maintenance lifestyle with close proximity to amenities and the vibrant downtown scene.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $827 · tax $147 · strata $425 · insurance ~$175 · 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
Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.
about $1,899 a year
The asking price times Sylvan Lake's 2026 residential rate of 10.00 per $1,000 (municipal and education).
The listing shows $1,769 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 74/100 · Walkable: many errands on foot
Within a 10 minute walk: 3 places to eat or drink, 1 cafe, 15 parks and playgrounds, 3 schools.
mihom score from OpenStreetMap places, by straight line distance.