5031 47 Street

Sylvan Lake, AB

Vacant Land
Type

5075 sqft

$158,000 below the Cottage Area benchmark of $548,000

About This Home

DEVELOPMENT OPPORTUNITY! Build your lake home in the cottage area or take it to the next level with a four-plex or potential apartment building on this 50x130 vacant lot just steps from the lake in the cottage area. Permitted Uses: Accessory buildingsAdult care residence - Bed and breakfast services - Detached dwellings - Duplexes - Four-plexesHome occupation, Class B, provided the parcel does not contain a secondary suite and it is the first on the parcel - Secondary suite located in single detached dwellings - Stacked row houseTriplexDiscretionary Uses: Accessory usesApartments - Day care facilities - Garage Suites - Home occupation, Class B, if the parcel contains a secondary suite or it is the second or subsequent home occupation on the parcelHome occupation, Class C - Multiple housing developments - Public and quasi-public uses -Public utility buildings - Secondary suite located in duplexes and row houses - Social care facilities (id:67953)

Property Details

MLS® Number: A2344909
Lot: 5075 sqft
Days On Market: 62

From Above

The Neighbourhood

Living In Cottage Area

Explore

Lake-oriented Sylvan Lake living with water access and views.

Benchmark home price$548,000

Average days on market49 Days

Active homes for sale13

Year-over-year change+9.4%

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: $1,708
Property Tax (Est.): $292
Heat, Power & Water (Est.): $204
Estimated All-In: $2,204/mo

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

Canadian Mortgage Estimate

Estimated payment

$1,981 / month

Home price$390,000

Down payment (10%)$39,000

Interest rate4.39%

Amortization25 years

Mortgage principal: $361,881
CMHC insurance (3.1%): $10,881
Total interest: $232,372
Minimum down: $19,500

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

Listing Courtesy Of

RE/MAX real estate central alberta

Glen Goodall

MLS® A2344909 · 62 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

$390,000

Est. $1,708/mo

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