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1103, 5220 50A Avenue
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Beds
2
Baths
2
Sqft
1,199
Year
2003
Type
Single Family
On market
4d
Welcome to this bright and beautifully maintained top floor end-unit condo, perfectly positioned just one block from the lake and within walking distance of restaurants, shops, walking trails, and all the amenities that make Sylvan Lake such a sought-after destination.Offering 2 bedrooms, 2 full bathrooms, and a versatile den, this home features an open-concept floor plan designed for comfortable everyday living. Large windows throughout the unit fill the space with natural light, creating a warm and inviting atmosphere.The spacious living room is the heart of the home, complete with a cozy gas fireplace and seamless access to a private balcony overlooking peaceful green space—an ideal spot to enjoy your morning coffee or unwind at the end of the day.The kitchen offers an abundance of counter space, making meal preparation and entertaining effortless. Updated vinyl plank flooring adds a modern touch while providing durability and easy maintenance throughout the main living areas.The generous primary bedroom features a walk-in closet and a private 4-piece ensuite. A well-sized guest bedroom and an additional full bathroom provide comfortable accommodations for family or visitors. The bonus den offers flexibility and can easily be used as a home office, library, hobby room, or additional sitting area.Whether you're looking for a year-round residence, a weekend retreat, or an investment opportunity, this exceptional condo combines comfort, convenience, and an unbeatable location just steps from Sylvan Lake's vibrant lakeside lifestyle. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.08 Ft x 12.50 Ft | |
| Kitchen | 8.67 Ft x 12.50 Ft | |
| Dining room | 9.75 Ft x 14.50 Ft | |
| Primary Bedroom | 19.58 Ft x 10.92 Ft | |
| 4pc Bathroom | 6.75 Ft x 7.33 Ft | |
| Bedroom | 11.92 Ft x 10.83 Ft | |
| 4pc Bathroom | 4.83 Ft x 7.33 Ft | |
| Furnace | 2.58 Ft x 3.00 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
8.92%
Cap rate
6.65%
GRM
10.4
Break-even rent
$1,528
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.
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 Jun 8, 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.