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Rare 3.68-acre bare land condominium parcel (Unit D) located within the Town of Sylvan Lake, one of Alberta's fastest-growing and most sought-after lake communities.Situated along the eastern growth corridor, this property offers great visibility, accessibility, and proximity to residential neighborhoods, commercial amenities, schools, recreation, and Sylvan Lake's amazing waterfront.Currently zoned RF (Recreation Facility District), the property permits a variety of recreation-oriented uses and presents a unique opportunity for investors, developers, and entrepreneurs seeking a strategic land holding within town limits. The parcel features a scenic pond, open space, and convenient access to existing infrastructure and services in the surrounding area.In discussions with the Town, buyers are encouraged to explore and present development concepts for consideration. The Town has indicated a willingness to review proposals and ideas for the site, creating an opportunity for purchasers to investigate a variety of potential future uses, subject to municipal approvals and requirements. Buyers are encouraged to conduct their own due diligence regarding zoning, permitted and discretionary uses, servicing, development potential, and future planning opportunities.Whether you envision a recreation-focused development, tourism-oriented project, investment holding, or another innovative concept, opportunities of this size and location within the Town of Sylvan Lake are increasingly difficult to find.This property is a bare land condominium parcel with no condominium association currently in place and no condominium fees.Co-listed with Floyd Wierenga of MaxWell Polaris. (id:65958)
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).
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 12, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.