Active
DOWNTOWN
410, 5040 53 Street , Sylvan Lake, AB
$735,000
Residential · MLS® A23246732Bedrooms
2Bathrooms
1,591Sq Ft
2Garage
2007Year Built
02 / Overview
PROPERTY OVERVIEW
The Penthouse at Fairway Estates. Fully renovated 1,591 sq ft two-bedroom, two-bathroom top-floor residence with private loft in Sylvan Lake, Alberta. A rare one. Rebuilt from the studs out with no expense spared, this penthouse sits directly above the 18th hole of the Sylvan Lake Golf and Country Club, with a 180-degree wall of west-facing windows framing the fairways, the lake, and some of the most spectacular sunsets in Central Alberta. The open-concept main level features wide-plank luxury vinyl plank...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeLow Rise (2-4 stories)
Storeys4
Total Finished Area1,591 sq ft
ZoningR3
HeatingBoiler • Fireplace(s) • Natural Gas
CoolingOther
ParkingAssigned • Heated Garage • Parkade • Secured • Titled
ExteriorOther
Year Built2007
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow-$2,519After mortgage & expenses
Cap Rate0.3%Based on market rents
Cash on Cash Return-20.6%With 20% down payment
Est. Monthly Rent$2,884Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
DOWNTOWN
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Listed by Pat Garritty · CIR Realty