$649,900
5019 52 Street
Beds
—
Baths
—
Sqft
—
Year
1924
Type
Multi-family
Suite
Suite potential
Location nearby
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.
About this home
This unique and fully renovated triplex offers an exceptional revenue opportunity just one block from the lake, currently generating $5,850 per month in rental income and being offered fully furnished for a true turnkey investment. Situated on a massive lot with a fully fenced yard, this property features three legally suited units, including two 2 bedroom units and one 1 bedroom unit, each with its own character and strong rental appeal. The property includes a two storey home originally built in 1924, a second structure built in 1974, and a charming one bedroom cabin complete with its own kitchen, bathroom, and in suite laundry. All three units have been updated, making this an ideal opportunity for investors or those looking to live in one unit while generating income from the others. With its proximity to the lake and flexible layout, there is also excellent potential for short term rental use, including Airbnb. The exterior space is just as impressive, featuring a huge lot with a clean, low maintenance white vinyl fence and three separate sundecks, one for each unit, providing private outdoor space for tenants or guests. Additional upgrades include brand new eavestroughs, as well as improvements to the cabin including updated lighting, plumbing lines, and added insulation to protect water lines. With approximately 2,000 square feet of developed living space and a truly one of a kind setup, this property stands out as a rare opportunity in a highly desirable location near the lake, amenities, and recreational areas. (id:65958)
- Subtype
- Multi-family
- Structure
- Multi-Family
- Community
- Downtown
- Common interest
- Freehold
- Living area
- 2,072 square feet
- Lot size
- 5,750 square feet
- Lot dimensions
- 5750.00
- Parking
- 3 total
- On market
- Apr 20, 2026
- Status changed
- Apr 20, 2026
- Annual tax
- $3,277 (2025)
- Zoning
- W-DC
- Photos
- 49
- MLS#
- A2303454
- Area
- SYLVAN_LAKE
Features and systems
Appliances
Cash on cash
-6.81%
Cap rate
3.50%
GRM
16.7
Break-even rent
$4,026
Financing
Operating expenses (monthly)
Estimates 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.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.