5801 Lakeshore Drive

Sylvan Lake, AB

Vacant Land
Type

2.46 ac

$782,000 above the Sylvan Lake Area benchmark of $468,000

About This Home

Prime multi-family development opportunity on Lakeshore Drive in Sylvan Lake! This 2.46-acre parcel is one of the last large development sites along the lakefront corridor and is ideally suited for future higher-density residential under the Town’s Urban Neighbourhood policy. The property is currently zoned Future Designation, requiring an Outline Plan and rezoning, but its location and size make it a standout candidate for townhomes, stacked townhouses, or low-rise multi-family. Surrounded by established neighbourhoods and within walking distance to the lake, schools, and amenities, this site offers unmatched potential for a signature residential project. Existing improvements include an older bungalow, barn, and quonset, with value placed on the land for redevelopment. A rare chance to secure premium infill land in one of Central Alberta’s fastest-growing communities. (id:67953)

Property Details

MLS® Number: A2258600
Lot: 2.46 ac
Days On Market: 420

From Above

For Families

Schools Near This Home

H.J. Cody School
Ecole Mother Teresa
Fox Run School

These are the schools serving Sylvan Lake. Catchments shift now and then, so it's worth a quick check with the school division for this exact address.

Schedule A Private Tour

Tour this home with a local licensed partner agent who can represent you as a buyer.

Showing requests are sent to a Corridor partner agent for this area, who may not be the listing agent. Corridor Real Estate is not a brokerage.

True Monthly Cost

What this home really costs each month, not just the mortgage. Good news: Alberta has no land transfer tax.

Mortgage Payment: $5,474
Property Tax (Est.): $938
Heat, Power & Water (Est.): $204
Estimated All-In: $6,616/mo

Based on 20% down over 25 years. Your lender can give you exact numbers.

Canadian Mortgage Estimate

Estimated payment

$6,349 / month

Home price$1,250,000

Down payment (10%)$125,000

Interest rate4.39%

Amortization25 years

Mortgage principal: $1,159,875
CMHC insurance (3.1%): $34,875
Total interest: $744,782
Minimum down: $100,000

Semi-annual compounding, per Canadian convention. Estimates only — confirm with a licensed mortgage professional.

Listing Courtesy Of

eXp Realty - Sylvan Lake

Kevin Lapp

MLS® A2258600 · 420 Days On Market

Listing information is provided by the listing brokerage and is deemed reliable but not guaranteed. Corridor Real Estate is not the listing brokerage. Listing data on this site is provided through CREA's DDF® by Cooper Jones, REALTOR®, Coldwell Banker OnTrack Realty, a member of The Canadian Real Estate Association, who is responsible for this website's listing content. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. REALTOR.ca Canada Inc. reproduces and distributes this information as a service for its members and neither CREA nor REALTOR.ca Canada Inc. assumes responsibility for its accuracy. REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Terms Of Use

$1,250,000

Est. $5,474/mo

Request A Showing