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5024 45 Street
Beds
4
Baths
4 full + 1 half
Sqft
2,251
Year
2012
Type
Single Family
On market
25d
Updated Virtual Tour * Discover the perfect blend of luxury and charm in this executive modern farmhouse, just steps from the beautiful beaches of Sylvan Lake and the quaint downtown area. This 3-bedroom, 3-bathroom, 2-story home offers spacious living with an open floor plan that showcases high-end finishes throughout. From the stunning granite countertops to the beautiful engineered hardwood flooring, every detail has been meticulously chosen to impress. The large heated double garage includes a legal 1-bedroom suite above it.The basement, complete with its own separate entrance, is undeveloped and ready for customization, offering endless possibilities. Modern comfort is ensured with a new high-efficiency air conditioner, while a natural gas-operated Generac standby generator provides peace of mind. Built with hardy board siding, this home is designed to last, standing up to the highest standards of quality and durability.Situated within walking distance to Sylvan Lake’s vibrant beaches, this property has not only been a dream home but also a successful short-term rental over the summer, fully booked and receiving excellent reviews. Whether you’re seeking a full-time residence or a seasonal retreat, this property offers both luxury and investment potential. Don’t miss the opportunity to experience this exceptional home—schedule your viewing today! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 10.50 Ft x 18.83 Ft | |
| Dining room | 12.67 Ft x 17.08 Ft | |
| Living room | 15.67 Ft x 17.00 Ft | |
| 2pc Bathroom | 5.83 Ft x 5.17 Ft | |
| Recreational, Games room | 16.42 Ft x 11.42 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 15.67 Ft x 14.92 Ft | |
| Bedroom | 13.33 Ft x 10.92 Ft | |
| Bedroom | 14.50 Ft x 12.00 Ft | |
| 3pc Bathroom | 9.08 Ft x 9.25 Ft | |
| 4pc Bathroom | 9.75 Ft x 4.83 Ft | |
| Laundry room | 5.42 Ft x 7.08 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 17.42 Ft x 6.08 Ft | |
| Dining room | 7.75 Ft x 10.33 Ft | |
| Living room | 12.42 Ft x 10.33 Ft | |
| Bedroom | 12.25 Ft x 10.08 Ft | |
| 4pc Bathroom | 4.67 Ft x 10.00 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
-0.75%
Cap rate
4.71%
GRM
13.9
Break-even rent
$7,666
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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 May 29, 2026.
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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.