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Reduced $14,900 (3%) from $519,900
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Sylvan Lake · Single Family · under $550,000 · 3+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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23 Lambertson Place
FULLY DEVELOPED 4 BEDROOM, 3 BATHROOM BI-LEVEL W/WALKOUT BASEMENT ~ LARGE CORNER LOT W/WEST FACING BACKYARD ~ DOUBLE ATTACHED GARAGE + GATED RV PARKING ~ CENTRAL AIR CONDITIONING ~ Recent updates include; 30 Year Shingles (2026), Hot water tanks (2025 & 2021), new siding (approx. 2016), new carpet throughout. Covered front entry welcomes you and leads to a bright foyer with high ceilings that open to the upper level with vaulted ceilings ~ The living room is a generous size and is filled with natural light from the abundance of windows ~ The u-shaped kitchen offers a functional layout with plenty of warm stained maple cabinets with extra large drawers and crown moulding, full tile backsplash, ample counter space including a raised eating bar, stainless steel appliances, and an oversized pantry ~ Host gatherings with ease in the spacious dining room with more large windows that fill the space with natural light, and garden door access to the sunny west facing deck with a BBQ gas line, glass and aluminum railings, and stairs to the backyard ~ The primary bedroom can easily accommodate a king size bed plus multiple pieces of furniture and has a 4 piece ensuite ~ 2 additional main floor bedrooms are both a generous size with ample closet space ~ 4 piece bathroom and conveniently located main floor laundry are just off the bedrooms ~ The fully finished walkout basement has large above grade windows and operational in-floor heat w/separate control, and a separate suite with one bedroom, a spacious living room, a bright and airy eat-in kitchenette with French doors to the backyard, separate laundry, and a spa-like bathroom with extensive tile, a jetted tub for two and walk-in shower ~ The sunny west facing backyard is landscaped, has a garden shed, fire pit, back alley access and an RV gate to the side street ~ Double attached garage is insulated, finished with drywall, and has a man door to the back/side yard ~ Excellent location; close to schools, shopping, parks, walki ng trails, plus easy access to Lakeshore Drive/beach and highway access ~ Pride of ownership is evident in this well cared for home! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 1.42 Ft x 21.08 Ft | |
| Bedroom | 11.25 Ft x 15.33 Ft | |
| Other | 10.75 Ft x 13.50 Ft | |
| 5pc Bathroom | 10.08 Ft x 11.75 Ft | |
| Furnace | 10.08 Ft x 15.67 Ft | |
| Laundry room | .00 Ft x .00 Ft | |
| Storage | .00 Ft x .00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.33 Ft x 13.67 Ft | |
| Kitchen | 11.50 Ft x 12.75 Ft | |
| Dining room | 8.42 Ft x 12.33 Ft | |
| Primary Bedroom | 12.33 Ft x 13.17 Ft | |
| 4pc Bathroom | 4.92 Ft x 7.83 Ft | |
| Bedroom | 10.08 Ft x 10.58 Ft | |
| Bedroom | 8.83 Ft x 9.00 Ft | |
| 4pc Bathroom | 5.00 Ft x 7.42 Ft | |
| Laundry room | .00 Ft x .00 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
-1.38%
Cap rate
4.59%
GRM
13.9
Break-even rent
$3,147
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 2, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.