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Sylvan Lake · Single Family · under $725,000 · 3+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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5014 43 Street
Rare double lot just steps from the beach in one of Sylvan Lake’s most sought after cottage communities. Whether you’re searching for the perfect family getaway, year round lake home, investment property, or vacation rental opportunity, this property offers the lifestyle buyers dream about in Sylvan Lake.Located within walking distance to the lake, marina, restaurants, shopping, and downtown amenities, this fully furnished property is move in ready and packed with features that are increasingly hard to find. The spacious double lot provides exceptional outdoor space, room for entertaining, parking for boats and RVs, and the flexibility buyers are looking for in a recreational property.Inside, you’ll find a bright and welcoming living space with vaulted ceilings, large windows, and an open concept layout designed for gathering with family and friends. The kitchen offers plenty of workspace and storage, while the comfortable living and dining areas create the perfect setting for relaxing after a day at the beach.The outdoor living space is ideal for summer evenings, morning coffee, and hosting guests after long lake days. Whether you’re looking for a weekend escape from Calgary or Edmonton, a full time residence near the water, or an income generating short term rental style property, this home offers outstanding versatility and value.Properties with this location, lot size, parking capacity, and walkability to Sylvan Lake rarely become available. A true opportunity to own a piece of one of Central Alberta’s most desirable lake communities. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 19.42 Ft x 22.75 Ft | |
| Other | 7.25 Ft x 4.08 Ft | |
| Bedroom | 9.50 Ft x 7.67 Ft | |
| 3pc Bathroom | 4.75 Ft x 7.83 Ft | |
| Laundry room | 9.00 Ft x 12.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 9.42 Ft x 9.08 Ft | |
| Living room | 15.00 Ft x 16.25 Ft | |
| Dining room | 10.08 Ft x 8.25 Ft | |
| Bedroom | 7.50 Ft x 12.42 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.67 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 12.17 Ft x 12.25 Ft | |
| 3pc Bathroom | 5.50 Ft x 4.00 Ft | |
| Bedroom | 7.50 Ft x 12.42 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
-6.80%
Cap rate
3.50%
GRM
16.7
Break-even rent
$4,057
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 16, 2026.
Location of this listing. Distances are straight-line.
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