pillar/IMG-A2205574_1.jpg
129 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

Property Estimate

Days on market129 days

Estimated valueNot available

Price/Sqft$408/sqft

Monthly cost

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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
129 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

Strong 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

27 days

Compared to

2024

46 days

2023

45 days

2022

17 days

New Listings

Past 30 days

33 listings

Compared to

2024

37 listings

2023

35 listings

2022

44 listings

Units sold

Past 30 days

31 units

Compared to

2024

28 units

2023

21 units

2022

15 units

Median Sold Price

Past 30 days

$459,900

Compared to

2024

$411,200

2023

$425,000

2022

$365,000


Population and Demographics

Overview

Total population 11969
Average household income $119,570

Age (%)

0 to 19
28%
20 to 34
20%
35 to 49
23%
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%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget