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412, 5100 Lakeshore Drive
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Sylvan Lake · Single Family · under $325,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Welcome to carefree lakeside living in the sought-after Chateau Suites, where comfort, convenience, and spectacular views come together. Situated on the fourth floor overlooking beautiful Sylvan Lake, this stylish 1-bedroom, 1-bathroom condo offers an incredible opportunity for full-time living, weekend getaways, or an investment property. Natural light pours through the large windows, highlighting the open-concept layout and showcasing stunning sunrise views across the water. The spacious living area is warm and inviting, complete with a cozy gas fireplace that's perfect for cooler evenings after a day spent enjoying the lake. Designed with both functionality and entertaining in mind, the kitchen features ample cabinetry and a generous island with seating. Recent improvements throughout the home add a fresh, modern touch, including luxury vinyl plank flooring, updated paint, crown moulding and trim, new island light fixtures, a high-rise toilet, and a dishwasher replaced in 2025. The hot water tank was also replaced approximately two years ago, offering added peace of mind. The large bedroom provides direct access to the full bathroom, while in-suite laundry adds everyday convenience. Step onto the covered balcony and enjoy your own private vantage point for morning coffee, fresh lake breezes, and unforgettable views of Sylvan Lake. The value continues with heated underground parking, a secure storage locker, and condo fees that include all utilities, cable, and internet. Residents also enjoy excellent building amenities, including a fully equipped fitness centre, a community gathering room, and a rooftop social space. A new wheelchair-accessible gazebo with shaded seating is currently being added, creating another welcoming outdoor area for residents and guests to enjoy. For added security and peace of mind, the building is professionally maintained and equipped with security camera monitoring. Just steps from the beach, walking trails, restaurants, coffee shops, boutiques, and downtown attractions, this prime location puts the very best of Sylvan Lake right outside your door. Move-in ready, all that's left to do is arrive and start enjoying everything this vibrant lake community has to offer. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 11.83 Ft x 5.00 Ft | |
| Bedroom | 11.50 Ft x 14.92 Ft | |
| Kitchen | 15.83 Ft x 11.08 Ft | |
| Living room | 15.83 Ft x 14.58 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
-7.94%
Cap rate
3.28%
GRM
16.8
Break-even rent
$1,825
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 5, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.