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64 Sylvan Drive
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Beds
2
Baths
1
Sqft
721
Year
1977
Type
Single Family
On market
13d
Welcome to 64 Sylvan Drive. This bi-level half duplex presents an excellent opportunity for first-time buyers, investors, or anyone looking to add their own vision and value to a property. Offering great potential and a functional layout, this home is ready for its next chapter.Step inside to a spacious living room filled with natural light from the large front window, complemented by easy-care laminate flooring and an inviting atmosphere. The living area flows seamlessly into the kitchen and dining space, creating a practical setup for everyday living and entertaining. The main floor features two generously sized bedrooms along with a 4-piece bathroom.Downstairs, the spacious unfinished basement offers endless possibilities for future development and is already home to the laundry area. Whether you envision additional living space, a recreation room, or extra storage, the lower level is a blank canvas waiting for your personal touch.Outside, enjoy a large private fully fenced backyard complete with a stone patio area and convenient off-street parking. Ideally situated close to schools, playgrounds, restaurants, and shopping, this property is also just minutes from the lake and all the amenities that make Sylvan Lake such a desirable community to call home. This charming duplex is a must-see! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 9.50 Ft x 8.42 Ft | |
| Living room | 15.42 Ft x 10.58 Ft | |
| Dining room | 6.00 Ft x 8.67 Ft | |
| Primary Bedroom | 10.33 Ft x 10.42 Ft | |
| Bedroom | 14.00 Ft x 8.42 Ft | |
| 4pc Bathroom | 5.00 Ft x 8.42 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
10.43%
Cap rate
6.95%
GRM
10.1
Break-even rent
$1,479
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 May 30, 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.