pillar/IMG-A2205574_1.jpg
33 days on Market

5008 41 St, Sylvan Lake, Alberta T4S 1B9

Detached
4 + 2
4 + 1
~1810.00 sqft
$739,900
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Detached
4 + 2
4 + 1
~1810.00 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$408/sqft

Est. Mortgage$3,178/mo

Tax Amount (2024)$4,758/yr

Days On Market33 days


Description

Welcome to 5008 41 Street in Sylvan Lake, a beautifully designed 6-bedroom, 3.5-bath home just steps from the beach, walking trails, and all the best of lake life. Whether you're seeking a full-time residence, a vacation retreat, or a smart investment property, this home delivers on all fronts. The bright, open-concept main floor features beautiful hardwood and tile flooring throughout, with a spacious kitchen anchored by a large central island — ideal for cooking, hosting, and gathering. Upstairs, you'll find the primary bedroom with a private 3-piece ensuite, plus three more generous bedrooms and a full laundry room. The fully finished basement offers two additional bedrooms, a full bathroom, second laundry area, and a private exterior entrance. To date, all primary rental income has come from the upper level only, which has been successfully used for both short-term (Airbnb) and long-term rentals. The basement remains mostly unused, aside from one room that is currently being rented for storage. Outside, enjoy your private hot tub — a huge draw for guests and a perfect way to relax year-round. Additional features include, central vacuum roughed in, double detached garage which is currently being rented out for $450/month. The basement storage room is also being rented out at $275/month. 2023/2024 Rental Revenue for Airbnb is $48,212.29 - long term rental $24,450 - Garage Rental $5400/year & Storage room rental in the basement $3300/year. The total gross income is approximately $81,362.29 annually.


Property Details

Style2 Storey
View-
Age of property1998
SqFt~1810.00 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberA2205574
Community NameSylvan Lake
Data SourcePILLAR 9
Listing byConcept Realty Group Inc.

Features

Heating: In Floor,Forced Air
Cooling: Full
Basement: Separate/Exterior Entry,Finished,Full

Second Floor

Bedroom - Primary

13`0" x 13`0"

4pc Bathroom

Bedroom

10`0" x 11`0"

Bedroom

9`0" x 11`0"


Features

Patio: Front Porch

Parking

Garage spaces 2

Garage type -

Other parking spaces 2

Total parking spaces 4


Property History

Apr 7, 2025
ListedActive
$739,900
33 days on market
history photo preview44
Listing by pillar 9®
Property listed by Concept Realty Group Inc., Brokerage
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Market Data - Sylvan Lake

Geo Zone Map ThumbnailSylvan Lake

Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

23 days

Compared to

2024

36 days

2023

39 days

2022

0 day

New Listings

Past 30 days

48 listings

Compared to

2024

42 listings

2023

39 listings

2022

0 listing

Units sold

Past 30 days

22 units

Compared to

2024

37 units

2023

28 units

2022

0 unit

Median Sold Price

Past 30 days

$502,500

Compared to

2024

$470,000

2023

$405,500


Population and Demographics

Overview

Total population 11969
Average household income $119,570

Age (%)

0 to 19
28%
35 to 49
23%
20 to 34
20%
50 to 64
18%
65 and plus
11%

Household composition (%)

Single family
66%
Single person
28%
Multi person
6%
Multi family
0%

Mother tongue (%)

English
95%
Others
3%
French
1%

House tenancy (%)

Owners
67%
Renters
33%

Schools and amenities

Estimated Budget