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