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Investment signal

$359,900

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Beds

3

Baths

2 full + 1 half

Sqft

Year

2012

Type

Single Family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Sylvan Lake. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

An INCREDIBLE OPPORTUNITY for a FIRST TIME BUYER or INVESTMENT PROPERTY! This two story end unit is situated in the sought after neighborhood of Ryders Ridge on an expansive corner lot. The location is ideal, park the car and walk to everything you need! Conveniently close to schools, shopping, and restaurants. The earth tone exterior is accented with stone work and a covered entrance. The single attached garage provides a cozy indoor parking spot. The home features a functional floor plan that flows beautifully. The large entry way leads to both the living room and the garage. The kitchen features modern cabinetry, peninsula sit-up bar, and a charming corner sink. Dine inside or step thru the garden door to enjoy the patio. The backyard is fully fenced for the kids and pets to safely play. Head upstairs to relax in the spacious primary bedroom, boasting a wonderful walk-in closet. Two additional bedrooms and a 4-piece bathroom complete this upper level. The basement awaits your finishing touches, but currently provides loads of storage space and the bathroom plumbing has been roughed in. Laundry is also located on this lower level. Come discover this RARE OPPORTUNITY! Take your tour today! Please Note: The photos are from a show suite are for illustrative purposes only. Actual units may vary in color selections, cabinetry, flooring, finishes. (id:65958)

Subtype
Single Family
Structure
Row / Townhouse
Community
Ryders Ridge
Common interest
Freehold
Living area
1,292 square feet
Lot size
2,700 square feet
Lot dimensions
2700.00
Bedrooms
3 above grade, 0 below grade
Parking
3 total
Stories
2
On market
Apr 3, 2026
Status changed
Apr 26, 2026
Annual tax
$2,963 (2025)
Zoning
R3
Photos
10
MLS#
A2297803
Area
SYLVAN_LAKE

Features and systems

Parking

Attached Garage

Basement

UnfinishedFull

Appliances

RefrigeratorDishwasherStoveWasher & Dryer

Heating

Forced air

Cooling

None

Flooring

Carpeted

Foundation

Poured Concrete

Lot

See remarksBack laneLevel

Community

Golf Course DevelopmentLake PrivilegesFishing
Positive cash flow ~$126/mo at these assumptions

Cash on cash

2.11%

Cap rate

5.29%

GRM

12.5

Break-even rent

$2,267

Financing

Down payment$71,980
Loan amount$287,920
Mortgage$1,459/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$165
Insurance$80
Maintenance$300
CapEx reserve$150
Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,459/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 26, 2026.

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