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Tertiary Property View
Exceptional Property

5040 53 Street, Sylvan Lake

$349,900
2 Bedrooms
2 Bathrooms
947.4 sqft

Property Highlights

Distinctive Features That Set This Property Apart

Property Type

Single Family

Style

Apartment

Year Built

2006

Square Footage

947.4 square feet

Bedrooms

2

Bathrooms

2

Distinguished Features

Premium Amenities

Featuring luxury finishes and high-end appliances throughout

Prime Location

Situated in a prestigious neighborhood with exceptional access

Property Overview

A Closer Look at This Distinguished Residence

Welcome to Fairway Estates, one of Sylvan Lake’s most sought-after condominiums! This stunning 2-bedroom, 2-bathroom condo offers breathtaking views of the Sylvan Lake Golf & Country Club from your spacious, covered second-floor balcony — perfect for enjoying your morning coffee or relaxing evenings. Inside, you’ll find a bright and open floor plan...

MLS Number

A2213784

Listed By

Royal Lepage Network Realty Corp.

Last Updated

May 1, 2025, 6:35 p.m.

Data Source

CREA

All information provided is deemed reliable but is not guaranteed and should be independently verified.
Agent's Insight

Property Specifications

Comprehensive Details of This Fine Residence

Property Specifications

Property Type
Single Family
Architectural Style
Apartment
Year Built
2006
Square Footage
947.4

Interior Features

Flooring
Tile, Carpeted
Number of Fireplaces
1

Climate Control & Utilities

Air Conditioning
Window air conditioner, Wall unit

Exterior & Surroundings

Exterior Construction
Brick, Stucco

Additional Amenities

Refrigerator, Dishwasher, Stove, Microwave, Washer/Dryer Stack-Up

Information deemed reliable but not guaranteed. Buyers should verify all property details.

Property Provenance

Historical Timeline of This Distinguished Address

Property Timeline

Historical transactions and listing information

Property image
34
New
MLS# A2230961
List Date
Jun 13, 2025, 7:57 p.m.
List Price
$294,900
Property Type
Sale
Bedrooms
2
Bathrooms
2
Property image
35
New
MLS# A2191245
List Date
Feb 5, 2025, 3:26 p.m.
List Price
$339,900
Property Type
Sale
Bedrooms
2
Bathrooms
2
Property image
26
New
MLS# A2213784
List Date
May 1, 2025, 6:27 p.m.
List Price
$349,900
Property Type
Sale
Bedrooms
2
Bathrooms
2

Financial Planning

Tools to Help You Plan Your Investment

Mortgage Financing Calculator

Calculate your monthly mortgage payments and visualize your investment over time.

$
300,000
$
20%
% p.a.

Monthly Payment

$0
Per Month
Mortgage Details
Loan Amount
$240,000
Total Interest
$0
Total Payments
$0
Loan-to-Value Ratio
80%
Total Number of Payments
360
Financial Insight

Your 20%+ down payment typically eliminates the need for private mortgage insurance, potentially saving you thousands over the life of your loan.

This calculator provides an estimate only. Your actual mortgage terms may vary based on credit history, lender requirements, and other factors.

Investment Cash Flow Analysis

Analyze your property's financial performance by tracking income and expenses to calculate net cash flow.

Total Income
$4,300/monthly
2 income sources
Total Expenses
$2,530/monthly
3 expense items
Net Cash Flow
$1,770/monthly
Positive investment return

Cash Flow Analysis

This property generates a positive cash flow of $1,770 per monthly. Consider reinvesting this surplus to enhance property value, build reserves for maintenance, or diversify your investment portfolio.

Income Sources

Rental Income
monthly
$3,500
Investment Returns
monthly
$800
Add New Income
$

Expense Items

Mortgage
monthly
$1,800
Property Tax
monthly
$450
Property Management
monthly
$280
Add New Expense
$
This calculator provides an estimate only. Actual investment returns may vary based on market conditions and unforeseen expenses.

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