Iron Gate, Sylvan Lake · MLS® A2327867
332
1,360 sq ft · 3,073 sq ft lot · Townhouse · Single Family · built 2025 · 108 days on market
listed by Brad Granlund, RCR - Royal Carpet Realty Ltd.
IMMEDIATE POSSESSION AVAILABLE! Live at the lake in this 1 year old 3 bedroom 2 1/2 bathroom "turn key" end unit townhome in like new condition, siding onto a green space with future walking trail and pond access located at the end of a crescent. With close proximity to to all shopping/service amenities, a few blocks from the lake and easy highway access, you'll be pressed to find a more convenient location. The main floor has an open kitchen/dining room living room floor plan with luxury vinyl plank flooring. The kitchen has a large central island finished in quartz and dressed up with stainless steel appliances. Just off the kitchen you'll find a convenient 2 piece bathroom and garden door access the the rear deck and fully fenced (in vinyl fencing) rear yard. The balance of the main floor consists of an ample size dining area and living room. Upstairs is the large primary bedroom with a fantastic walk in closet and 4 piece ensuite. There are an additional two bedrooms up, another 4 piece central bathroom and upstairs laundry complete with washer/dryer. The basement is open for your own development with roughed in bathroom. This is an end unit that will accommodate a large rear garage leaving plenty of yard space. Other great features include paved alleyway, roughed in central vac, 9 year balance of new home warranty, window coverings. A fantastic home in and amazing location, don't delay!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
Costs: mortgage $1,742 · tax $316 · 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
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about $3,998 a year
The asking price times Sylvan Lake's 2026 residential rate of 10.00 per $1,000 (municipal and education).
The listing shows $3,789 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 71/100 · Walkable: many errands on foot
Within a 10 minute walk: 1 grocery store, 10 places to eat or drink, 1 cafe, 2 parks and playgrounds.
mihom score from OpenStreetMap places, by straight line distance.