Property Details

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5008 41 Street
Sylvan Lake (A2205574)

$739,900
6
3+1
1,810 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

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

Basic Info

MLS® #
A2205574
Property Type:
Residential
Subtype:
Detached
Subdivision:
Cottage Area
Price
$739,900
Sale/Lease:
For Sale
Size:
1,810 sq.ft.
Bedrooms:
6
Bathrooms:
3 full / 1 half
Year Built:
1998 (27 years old)

Building Info

Structure Type:
House
Building Style:
2 Storey
Garage:
Yes
Parking:
Double Garage Detached
Fence:
Fenced
Basement:
Separate/Exterior Entry, Finished, Full
Features:
Ceiling Fan(s), Closet Organizers, Kitchen Island
Fireplaces:
1
Inclusions:
Hot Tub, Fire Place
Appliances:
Dishwasher, Refrigerator, Stove(s), Washer/Dryer, Water Softener, Window Coverings
Laundry:
Laundry Room
Exterior Features:
Private Yard
Patio/Porch Features:
Front Porch

Neighborhood Info

Nearby Amenities:
Golf, Lake, Park, Playground, Schools Nearby, Shopping Nearby

Lot / Land Info

Lot Size:
0.08 acres
Lot Features:
Landscaped
Zoning:
R1

Materials & Systems

Roof:
Asphalt
Exterior:
Shingle Siding,Vinyl Siding,Wood Frame
Floors:
Carpet, Hardwood, Tile
Foundation:
Poured Concrete
Heating:
In Floor, Forced Air
Cooling:
Full
Amenities:
Golf, Lake, Park, Playground, Schools Nearby, Shopping Nearby

Listing Info

Possession:
Negotiable
Days on Market:
1
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Grassroots Realty Group Ltd.
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