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6, 4415 Lakeshore Drive
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Sylvan Lake · Single Family · under $325,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Welcome to lakeside living on prestigious Lakeshore Drive in Sylvan Lake, where every day feels like a vacation. Perfectly positioned just steps from the sandy beach, marina, scenic waterfront pathways, restaurants, cafés, boutique shopping, and year-round entertainment, this inviting third-floor, two-bedroom condo offers an exceptional opportunity to embrace one of Central Alberta's most sought-after lake communities. Whether you're looking for a full-time residence, a weekend escape, or an investment property with short term rental potential, you'll appreciate the unique combination of resort-style living and everyday convenience that Sylvan Lake is known for. Spend your summers boating, paddle boarding, swimming, or relaxing on the beach, then enjoy winter skating, ice fishing, festivals, and lakeside walks, all just moments from your front door. Inside, the bright and thoughtfully designed floor plan creates a warm and welcoming atmosphere. The spacious living room is anchored by a charming wood-burning fireplace, providing the perfect place to unwind after a day on the lake. Large windows fill the home with natural light, while the adjoining dining area flows seamlessly into the well-appointed kitchen. Home chefs will appreciate the premium Bertazzoni induction cooktop with built-in oven, stainless steel refrigerator, Blomberg dishwasher, and convenient garburator, offering both style and functionality for everyday living and entertaining. Bonus is the assigned storage for all your outdoor toys. The two generously sized bedrooms provide comfortable accommodations for family and guests, while the functional layout maximizes both privacy and living space. Whether you're enjoying your morning coffee before heading to the waterfront or relaxing at the end of the day after taking in everything Sylvan Lake has to offer, this home delivers an easy, low-maintenance lifestyle in an unbeatable location. Owning in Sylvan Lake means more than just owning a home. It means i nvesting in a vibrant community known for its recreational lifestyle, welcoming atmosphere, and strong year-round appeal. With easy access to Red Deer and convenient connections to both Calgary and Edmonton, it's no surprise that Sylvan Lake continues to attract homeowners, retirees, professionals, and investors alike. If you've been dreaming of lake living without compromising on convenience, this is your opportunity. Experience the best of Sylvan Lake and schedule your private viewing today. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 1.54 M x 2.34 M | |
| Bedroom | 2.72 M x 3.43 M | |
| Kitchen | 3.50 M x 3.53 M | |
| Living room | 3.89 M x 3.53 M | |
| Primary Bedroom | 2.90 M x 3.43 M |
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
2.41%
Cap rate
5.35%
GRM
12.3
Break-even rent
$1,782
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 Jun 26, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.