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38 Lucky Place
Beds
4
Baths
3
Sqft
1,367
Year
2007
Type
Single Family
On market
5d
Welcome to 38 Lucky Place, a beautifully designed 1.5 storey home in the sought-after community of Lakeway Landing, backing onto serene green space. Ideally located close to schools, parks, walking trails, soccer fields, a dog park, and the Sylvan Lake Gulls Stadium, with easy access to Highway 11, this home offers both convenience and lifestyle. The main floor features an open and airy living space highlighted by vaulted ceilings and laminate floors. The kitchen is both functional and inviting, showcasing warm wood cabinetry, a sit-up bar, island prep space, a convenient corner pantry, and stainless steel appliances. The dining area is bright and welcoming, with patio doors that lead to a fully fenced, beautifully landscaped backyard complete with raised garden beds. Step outside to enjoy the large Duradek-covered deck with glass railings and built-in storage below—perfect for summer evenings spent enjoying sunsets, or gathering around the fire pit. Back inside, the living room features large windows and a cozy gas fireplace. The main floor also offers the convenience of laundry, along with one bedroom and a 4-piece bathroom, plus the comfort of central air conditioning. Privately situated on its own level, the primary suite offers a peaceful retreat with a bay window, walk-in closet, and an ensuite featuring a walk-in shower and built-in linen closet. The fully finished basement provides even more living space with two additional bedrooms, another 4-piece bathroom, large windows for plenty of natural light. Underfloor heating was completed in 2023 along with a new hot water tank, adding extra comfort and efficiency. Completing this home is an attached double heated garage, making it as practical as it is beautiful. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | — | |
| Bedroom | 10.00 Ft x 11.25 Ft | |
| Bedroom | 10.08 Ft x 13.67 Ft | |
| Recreational, Games room | 22.83 Ft x 11.50 Ft | |
| Furnace | 13.25 Ft x 13.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | — | |
| Bedroom | 8.83 Ft x 12.33 Ft | |
| Dining room | 10.33 Ft x 14.50 Ft | |
| Foyer | 5.17 Ft x 11.25 Ft | |
| Kitchen | 13.08 Ft x 14.50 Ft | |
| Laundry room | 9.33 Ft x 11.00 Ft | |
| Living room | 12.42 Ft x 19.33 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | — | |
| Primary Bedroom | 15.33 Ft x 12.58 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
-1.24%
Cap rate
4.62%
GRM
13.9
Break-even rent
$3,419
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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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.