5020 42 Street

Cottage Area, Sylvan Lake · MLS® A2308942

3,750 sq ft lot · Land · Vacant Land · 171 days on market

listed by Brad Granlund, RCR - Royal Carpet Realty Ltd.

realtor's description

ALMOST SOLD OUT! WOW...don't miss this opportunity to build your dream home/cottage just steps from the lake on this 30 x 125 ft. lot. Cottage district lots have become increasing rare, now is the time to build! This unbeatable location is just off Lakeshore drive near the park, and steps to the lake. You'll love watching the all action and enjoying the sunsets from your deck. With close proximity to restaurants, shopping, the marina, boardwalk-you'll be able to truly enjoy the Sylvan Lake lifestyle. Sylvan has become a 4 seasons destination with countless activities going on all year long. Lot has been subdivided, graded, serviced to property line, and is ready to build on. The side laneway will be paved. No restrictions on time to build, so you can hold it until YOU are ready.

property details

type: Land, Vacant Land
lot: 3,750 sq ft
parking: 0
property tax: $2,188 / yr
days on market: 171
MLS®: A2308942

features

Paved lane
Level
Golf Course Development
Lake Privileges

property tax

about $3,299 a year

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

The listing shows $2,188 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

$1,620/mo

Mortgage $1,437 · Tax $182

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

estimated payment

$1,437/ monthly

loan $263,920

25-year amortization

down payment20% · $65,98020%+ 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: $167,283
land title fees: $695; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $66,675; down + land title fees
total paid: $431,203

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.