Condo
$269,000
7202, 403 Mackenzie Way SW
Downtown, Airdrie71 days on market
listed by eXp Realty
MLS® A2333162
5015 48 Avenue
$309,900
5015 48 Avenue
Downtown, Sylvan Lake · MLS® A2340860
322
606 sq ft · 2,600 sq ft lot · Townhouse · Single Family · built 1995 · 44 days on market
listed by Jacqui Fletcher, Royal LePage Network Realty Corp.
realtor's description
NO CONDO FEES! LESS THAN A 5-MINUTE WALK TO THE BEACH! This renovated bi-level townhome is located in a 4-plex and offers 3 bedrooms and 1.5 bathrooms. The bright, open main floor features light-coloured finishes throughout and an inviting kitchen with quartz countertops, pantry, stainless steel fridge, stove and over-the-range microwave. The kitchen also has updated sinks, taps, lighting, plugs and switches. The lower level provides three bedrooms and a 2-piece bathroom, offering a practical layout for everyday living. The home has seen numerous improvements, including new windows, water lines, paint and flooring in 2023, plus a 2019 hot water tank. There is no Poly-B plumbing. Step outside to the deck overlooking the backyard, offering a great spot to relax or enjoy the outdoors. The backyard also includes a shed, while the rear of the property offers two off-street parking spaces. A great location close to the beach and many of Sylvan Lake's amenities.
property details
- type
- Townhouse, Single Family
- bedrooms
- 3
- bathrooms
- 2
- living area
- 606 sq ft
- lot
- 2,600 sq ft
- parking
- 2
- year built
- 1995
- property tax
- $2,149 / yr
- days on market
- 44
- MLS®
- A2340860
features
- PVC window
- Lake Privileges
- Washer
- Refrigerator
- Dishwasher
- Stove
monthly cost
$1,529/mo
Mortgage $1,350 · Tax $179
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
if you rented it out
- rent
- $1,560/mo
- after all costs
- −$269/mo
- cap rate
- 4.2%
- yearly net rent ÷ price
Costs: mortgage $1,350 · tax $179 · 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
location
Downtown, Sylvan LakeGoogle Maps ↗
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