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23 Cole Way
Beds
4
Baths
3 full + 1 half
Sqft
1,265
Year
2019
Type
Single Family
On market
47d
Amazing True-Line Bungalow previous showhome in the sought-after Crestview area of Sylvan Lake! This beautifully finished home showcases the exceptional craftsmanship and upgrades True-Line is known for, offering both style and functionality throughout ~ Step inside to discover 9’ main floor ceilings, luxury vinyl plank flooring, and a thoughtfully designed layout. The kitchen is a standout feature, complete with quartz countertops, dual undermount sinks, stainless steel appliances, and slow-close cabinetry ~ The primary suite offers a spa-inspired ensuite with quartz counters, a 5’ shower, and a spacious walk-in closet, creating a comfortable and well-appointed retreat. The convenience of main floor laundry adds to the home’s practicality ~ Downstairs, the walk-out lower level features in-floor heat already hooked up and running, along with a convenient bar area (plumbed for a wet bar) located just inside the patio doors—perfect for entertaining and seamless indoor-outdoor living ~ Enjoy outdoor living on your upper deck with aluminum railing and gas line for BBQ, overlooking the tree tops. Covered front veranda is a nice bonus! The home has a WALK-OUT BASEMENT and backs onto trees for added privacy! ~ Includes thoughtful extras like on-demand hot water, a water softener, HRV system and high-efficiency SunStop Argon-filled windows ~ Double front attached garage is drywalled and freshly painted. The professionally designed interior in this home truly makes it a showstopper ~ To top it off, the yard features apple trees, a plum tree, and raspberries, adding a charming, personal touch ~ This is an absolute must-see for anyone looking for a move-in ready home with premium upgrades in a beautiful setting. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 25.92 Ft x 19.92 Ft | |
| Bedroom | 14.92 Ft x 12.33 Ft | |
| Bedroom | 10.00 Ft x 12.33 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.83 Ft | |
| Furnace | 12.42 Ft x 19.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 9.75 Ft x 6.58 Ft | |
| Kitchen | 11.67 Ft x 9.42 Ft | |
| Dining room | 11.67 Ft x 9.50 Ft | |
| Living room | 15.33 Ft x 12.50 Ft | |
| Laundry room | 9.67 Ft x 8.92 Ft | |
| Primary Bedroom | 13.92 Ft x 13.00 Ft | |
| Bedroom | 9.92 Ft x 9.00 Ft | |
| 4pc Bathroom | 11.67 Ft x 10.75 Ft | |
| 2pc Bathroom | 5.83 Ft x 4.92 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
-1.08%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,178
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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 Jun 9, 2026.
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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.