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5 Leonard Close
Beds
4
Baths
4 full + 1 half
Sqft
2,239
Year
2019
Type
Single Family
On market
13d
Some homes check boxes. This one raises the bar.Welcome to Lakeway Landing, Sylvan Lake — where over 2,200 sq ft of thoughtfully designed living space meets the kind of craftsmanship you feel the moment you walk through the door.Soaring 20-foot ceilings, a bold Douglas Fir beam, and a floor-to-ceiling stone fireplace set the tone on the main level. Expansive windows fill the open-concept living space with natural light, creating a warmth that photos can only hint at.The kitchen is built for real life — granite countertops, stainless steel appliances, a side-by-side fridge and freezer, and custom cabinetry with storage that actually makes sense. A walk-through pantry leads to the mudroom, and triple patio doors open from the dining area to a generous deck made for gathering.The upper level is your own private escape. The primary suite features a five-piece spa-inspired ensuite with a freestanding soaker tub, large glass shower, and a walk-in closet with custom organizers. Step out onto your private patio and take in the lake views. A second bedroom, full bathroom, and a smartly laid-out laundry room complete the floor.Downstairs, the walkout level delivers even more — two bedrooms, a full bathroom, wet bar, and a spacious family room that flows out to a covered outdoor living area with low-maintenance landscaping all around.And the details that set this home apart? In-floor heating in the garage, ensuite, and basement. Central AC. HRV system. On-demand hot water. Spray-foam insulation. A heated triple-car garage with 12.5-ft ceilings.This is what happens when quality, comfort, and location come together and at this new price, the timing couldn't be better. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 6.50 Ft x 9.67 Ft | |
| Other | 6.50 Ft x 6.08 Ft | |
| Bedroom | 13.83 Ft x 14.67 Ft | |
| Bedroom | 11.58 Ft x 9.92 Ft | |
| Family room | 27.75 Ft x 21.17 Ft | |
| Furnace | .00 Ft x 8.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.50 Ft x 5.42 Ft | |
| Other | 8.75 Ft x 8.83 Ft | |
| Kitchen | 20.42 Ft x 12.17 Ft | |
| Hall | 6.92 Ft x 10.33 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 16.92 Ft x 10.92 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 10.25 Ft x 5.58 Ft | |
| 5pc Bathroom | 12.25 Ft x 16.42 Ft | |
| Bedroom | 14.25 Ft x 12.42 Ft | |
| Laundry room | 8.75 Ft x 7.08 Ft | |
| Primary Bedroom | 17.58 Ft x 13.83 Ft | |
| Other | 10.17 Ft x 8.42 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
-0.86%
Cap rate
4.69%
GRM
13.9
Break-even rent
$5,998
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 8, 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.