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410, 5040 53 Street
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Sylvan Lake · Single Family · under $800,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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The Penthouse at Fairway Estates. Fully renovated 1,591 sq ft two-bedroom, two-bathroom top-floor residence with private loft in Sylvan Lake, Alberta. A rare one. Rebuilt from the studs out with no expense spared, this penthouse sits directly above the 18th hole of the Sylvan Lake Golf and Country Club, with a 180-degree wall of west-facing windows framing the fairways, the lake, and some of the most spectacular sunsets in Central Alberta. The open-concept main level features wide-plank luxury vinyl plank flooring and a great room anchored by a linear fireplace set into a custom feature wall. Soaring 20-foot floor-to-ceiling windows with power blinds open onto a full-length balcony built for entertaining over the golf course. The redesigned kitchen offers white shaker cabinetry, quartz waterfall countertops, a centre island with raised eating bar, tile backsplash, and stainless steel appliances. The primary bedroom includes a walk-in closet and five-piece ensuite with double vanity, soaker tub, and separate shower. A second bedroom, a full three-piece bathroom with walk-in shower, and in-unit laundry complete the main floor. Upstairs, the loft is the hidden gem: a flexible studio or retreat with its own elevated view of the western sky. Two titled underground parking stalls plus storage. Resort-style building: fitness centre, hot tub, steam room, theatre room, games room, party kitchen, and gazebo. Half a block from the marina, public beach, and downtown Sylvan Lake. Lakeside living, no grass to cut, no snow to shovel. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.33 Ft x 10.25 Ft | |
| 5pc Bathroom | 8.92 Ft x 10.67 Ft | |
| Bedroom | 14.17 Ft x 10.58 Ft | |
| Dining room | 16.25 Ft x 11.75 Ft | |
| Kitchen | 12.42 Ft x 14.00 Ft | |
| Living room | 16.25 Ft x 12.83 Ft | |
| Primary Bedroom | 14.33 Ft x 13.00 Ft | |
| Other | 5.00 Ft x 10.75 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Loft | 20.08 Ft x 15.50 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
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Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
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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).
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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 Jul 1, 2026.
Location of this listing. Distances are straight-line.
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