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5036 51A Street
homes for sale · Sylvan Lake · Downtown
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$474,900

5036 51A Street

Downtown, Sylvan Lake · MLS® A2350689

424

2,017 sq ft · 7,475 sq ft lot · House · Single Family · built 1940 · 18 days on market

listed by Ben James, KIC Realty

realtor's description

Single-Family house in downtown Sylvan Lake, a short walk to the lake, marina and main street. This 2,017 sq ft two-storey sits on 2 - 25 x 115 lots zoned WDC with back lane access, a large gravel driveway and RV pad. Four bedrooms, two full bathrooms, a big eat-in kitchen, a main floor living room and a second floor family room set up as a games room. The home sleeps ten and is sold fully furnished, with furniture, beds, games and TVs negotiable in the sale. The current owner holds an active Short Term Accommodation Rental (STAR) agreement with the Town and the property has a strong booking history ($50,000 + per year) with summer dates already reserved for 2027. Updates under current ownership include a full Blueskin foundation wrap, screw piles at the front and rear landings, electrical inspection with upgraded outlets, furnace servicing, portable AC units, new trees and a complete interior and exterior repaint. Shed and firepit area in the yard. A turnkey income property, a large family home close to the beach, or a downtown lot with future multi-family potential.

property details

type
House, Single Family
bedrooms
4
bathrooms
2
living area
2,017 sq ft
lot
7,475 sq ft
parking
4
year built
1940
property tax
$2,929 / yr
days on market
18
MLS®
A2350689

features

  • See remarks
  • Back lane
  • Lake Privileges
  • Fishing
  • Refrigerator
  • Dishwasher

monthly cost

$2,313/mo
Mortgage $2,069 · Tax $244

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

estimated payment
$2,069/ monthly
loan $379,920
25-year amortization
total interest
$240,808
land title fees
$955
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$95,935
down + land title fees
total paid
$620,728

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

location

Downtown, Sylvan LakeGoogle Maps ↗

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listed by
Ben James
KIC Realty
call Ben · 403-396-1290
Powered by: REALTOR.ca
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property tax

about $4,748 a year

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

The listing shows $2,929 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.

location

Downtown, Sylvan LakeGoogle Maps ↗
Drive times
  • Steffie Woima Elementary4 min
  • Red Deer Polytechnic25 min
  • Downtown Red Deer26 min
  • Red Deer Regional Hospital Centre27 min
76

Walkability 76/100 · Walkable: many errands on foot

Within a 10 minute walk: 21 places to eat or drink, 3 cafes, 4 parks and playgrounds, 1 pharmacy.

mihom score from OpenStreetMap places, by straight line distance.

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