5017 42 Street

Cottage Area, Sylvan Lake · MLS® A2335090

3,742 sq ft lot · Land · Vacant Land · 61 days on market

listed by Blair Morris, Royal LePage Network Realty Corp.

realtor's description

30' X 125' LOT IN PRIME LOCATION, STEPS TO THE LAKE. This beautiful lot is in the cottage/cabin area of Sylvan Lake, steps away from the water and across from Centennial Park....close to all amenties. New development surrounds this property, making it a perfect spot for a permanent home, Airbnb, multi-family development, suited house, etc. A Development Permit is already approved for a multi-family development. Services are installed and paid for so the lot is ready to build on. Site grade plan available. Very few good lots are available in the cottage area so don't wait.

property details

type: Land, Vacant Land
lot: 3,742 sq ft
parking: 0
property tax: $2,530 / yr
days on market: 61
MLS®: A2335090

features

Back lane

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 $2,530 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

$1,517/mo

Mortgage $1,307 · Tax $211

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.