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Sylvan Lake · Single Family · under $450,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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121 Wilkinson Circle
Welcome to this fully finished home located in one of Sylvan Lake's most desirable neighborhoods, just a short walk to the lake. Move-in ready and designed with a unique contemporary flair, this beautiful home features soaring ceilings, an open-concept floor plan, and an abundance of natural light throughout. Step into the spacious foyer and discover a functional kitchen that perfectly blends style and practicality. Complete with a beautiful beadboard backsplash, ample cabinetry, generous counter space, and an inviting layout, it overlooks the bright formal living room with large window, creating the perfect space for entertaining family and friends. Patio doors lead to a sunny south-facing deck, ideal for summer BBQs, outdoor dining, or simply relaxing in the sunshine. The main level also features a generously sized primary suite with room for king-sized furniture, a walk-in closet, and a large picture window, along with a second bedroom or home office and a full bathroom. The fully developed lower level offers outstanding additional living space with a spacious family and games room centered around a cozy fireplace, plus a rough-in for a future kitchenette or wet bar. Two more generously sized bedrooms and another full bathroom make this level ideal for a growing family, teenagers, guests, roommates, or even a home-based business. The possibilities are endless. Outside, you'll find a nicely sized, fully fenced yard with alley access, ample parking, and plenty of space for vehicles, RV parking, or the potential to build a future garage. Recent updates include fresh paint throughout and beautiful new flooring, making this home truly move-in ready. Located in the vibrant four-season community of Sylvan Lake, you'll enjoy boating, fishing, swimming, golfing, walking and biking trails, restaurants, shopping, and countless recreational opportunities just minutes from your doorstep. Offering the perfect combination of style, space, location, and lifestyle, this is a home you'll be proud to call your own. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Family room | 17.33 Ft x 24.33 Ft | |
| Laundry room | 8.33 Ft x 10.17 Ft | |
| 4pc Bathroom | 6.25 Ft x 9.17 Ft | |
| Bedroom | 12.58 Ft x 8.67 Ft | |
| Bedroom | 11.50 Ft x 8.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 6.92 Ft x 13.00 Ft | |
| Kitchen | 14.00 Ft x 13.00 Ft | |
| Living room | 17.33 Ft x 12.08 Ft | |
| Bedroom | 9.67 Ft x 10.17 Ft | |
| Primary Bedroom | 12.42 Ft x 13.17 Ft | |
| 4pc Bathroom | 9.58 Ft x 7.17 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
5.56%
Cap rate
5.98%
GRM
11.5
Break-even rent
$2,510
Financing
Operating expenses (monthly)
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Approximation 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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jul 7, 2026.
Location of this listing. Distances are straight-line.
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Buyer-fit signals
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