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Sylvan Lake · Single Family · under $550,000 · 2+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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99 Gray Close
Your knees are calling! Easy MAIN FLOOR LIVING awaits in this beautiful fully finished bungalow duplex in one of Sylvan Lake's newest communities - Grayhawk. Built in 2024 and still covered by the balance of the new home warranty, this low-maintenance home offers the perfect blend of comfort, style, and functionality. Step inside to a bright, open-concept floor plan featuring 9-foot ceilings, luxury vinyl plank flooring, and large windows that fill the home with natural light. From the living room, enjoy peaceful views of the field and trees behind while watching local wildlife pass through. The well-designed kitchen is sure to impress with soft-close cabinetry, under-cabinet lighting, a corner pantry, center island with eating bar, upgraded stainless steel appliances, black granite sill sink, pull-out recycling and garbage, and a stylish black range hood. The dining area offers plenty of space to entertain family and friends and leads to the practical rear entry featuring a built-in bench with decorative hooks, a 2-piece powder room, and access to the covered back deck. Step down to the poured concrete patio leading to the detached garage and enjoy the pie-shaped backyard, complete with sod, vinyl fencing on both sides, and open views to the field beyond. The spacious primary retreat is designed with comfort in mind, featuring no carpet, a large walk-in closet with built-in drawers, and a beautiful 4-piece ensuite with double sinks, a glass shower, and built-in seat. Main floor laundry means everything you need for day-to-day living is conveniently located on one level. Thoughtful under-cabinet lighting throughout the home adds warmth, ambiance, and functionality. The fully finished basement offers 9-foot ceilings, large windows, two additional bedrooms, a 4-piece bathroom, and rough-in plumbing for a future second laundry area, making it the perfect space for guests, hobbies, or visiting family. Additional features include a high-efficiency furnace, 40-gallon high -efficiency hot water tank, landscaped front yard with sod and shrubs, gravel parking pad, and an insulated, drywalled detached garage with concrete floor. Located on the west side of Sylvan Lake, Grayhawk offers easy access to walking trails, shopping, restaurants, schools, the golf course, the lake, and Highway 11. Whether you’re looking to downsize, have the teenagers in the basement or simply enjoy the benefits of a newer home, this property is sure to impress. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 12.17 Ft x 18.58 Ft | |
| Bedroom | 15.92 Ft x 12.92 Ft | |
| Bedroom | 10.42 Ft x 10.67 Ft | |
| 4pc Bathroom | 4.92 Ft x 12.92 Ft | |
| Furnace | 8.92 Ft x 7.42 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.00 Ft x 13.08 Ft | |
| Kitchen | 11.58 Ft x 13.08 Ft | |
| Dining room | 13.25 Ft x 6.08 Ft | |
| Primary Bedroom | 11.33 Ft x 13.67 Ft | |
| Other | 4.58 Ft x 10.92 Ft | |
| 4pc Bathroom | 5.42 Ft x 10.92 Ft | |
| 2pc Bathroom | 6.75 Ft x 2.83 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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Suite legality / potential
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Monthly carrying cost
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Property taxes
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Insurance estimate
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Commute
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Deposit and financing conditions
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Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-7.04%
Cap rate
3.46%
GRM
16.7
Break-even rent
$3,055
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.
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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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 24, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
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