Active
COTTAGE AREA
5023 36 Street , Sylvan Lake, AB
$589,900
Residential · MLS® A22966064Bedrooms
2Bathrooms
1,240Sq Ft
4Garage
1998Year Built
02 / Overview
PROPERTY OVERVIEW
What if one home gave you two opportunities? Tucked just half a block from the water in Sylvan Lake’s cottage area, this charming 1.5 storey loft style home invites you into a lifestyle that feels like summer all year long. Step inside and you’re immediately greeted by soaring vaulted ceilings and an abundance of natural light streaming through all the west facing windows, creating a bright, airy space that perfectly captures that relaxed, sun-filled lake life feel. The open-concept kitchen,...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area1,240 sq ft
Lot Size5,600 sq ft
ZoningR5
HeatingForced Air
CoolingWindow Unit(s)
ParkingGravel Driveway • Parking Pad
ExteriorFire Pit • Private Yard
BasementCrawl Space
Year Built1998
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow-$313After mortgage & expenses
Cap Rate3.8%Based on market rents
Cash on Cash Return-3.2%With 20% down payment
Est. Monthly Rent$2,370Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
COTTAGE AREA
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Investment ScoreN/A
Avg Home PriceN/A
Active ListingsN/A
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Listed by Meaghan Cooney · CIR Realty