Address
5008 41 Street, Sylvan Lake, AB
Price
$ 739,900
Property Attributes
  • ID#A2285838
  • TypeSingle Family
  • Listing Status Active
  • CitySylvan Lake
  • NeighbourhoodCottage Area
  • Postal CodeT4S 1B9
  • Style2 Storey
  • Year Built1998
  • Price$ 739,900
  • Bedrooms6
  • Full Bathrooms3
  • Half Bathrooms1
  • Sqr Footage1810
  • Lot Size0.084137 Acres
Data Source:
Pillar 9 Technologies
Property 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.

Price History
2/12/2026 Listed $739,900

General Features

Heating In Floor,Forced Air
Cooling Full
Roof Asphalt
Appliances Dishwasher,Refrigerator,Stove(s),Washer/Dryer,Water Softener,Window Coverings
Zoning R1
Number of Garage Spaces 2
Restrictions None Known
Year Built 1998
Architectural Style 2 Storey
Community Features Golf,Lake,Playground,Schools Nearby,Shopping Nearby
Levels Two
Property Subtype Detached
Transaction Type For Sale
County Red Deer County
Property Type Residential
Subdivision Name Cottage Area
Parking Total 4
Construction Materials Shingle Siding,Vinyl Siding,Wood Frame
Full Baths 3
Status Active
City Sylvan Lake
Basement Development Finished
Structure Type House
Standard Status Active
Condo Type Not a Condo
Suite Yes

Interior Features

Interior Features Ceiling Fan(s),Closet Organizers,Kitchen Island
Basement Full
Flooring Carpet,Hardwood,Tile
Fireplace Features Wood Burning Stove
Fireplaces Total 1
Basement Features Separate/Exterior Entry
Half Baths 1
Bedrooms Above Grade 4
Rooms Above Grade 4
Total Bedrooms 6
Below Grade Finished Area Unit Type SquareFeet
Total Baths 4
Laundry Features Laundry Room
Main Level Areas SquareFeet

Exterior Features

Exterior Features Private Yard
Lot Features Back Lane,Back Yard,Landscaped
Fencing Fenced
Inclusions Hot Tub,Fire Place
Parking Features Double Garage Detached
Frontage Length 9.25M 30`4
Foundation Poured Concrete
Lot Size Acres 0.08
Garage Y/N Yes
Lot Size Square Feet 3665
Frontage Ft 30.35
Patio And Porch Features Front Porch

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in T4S 1B9

Price
AVG $740K
$740K
Year Built
AVG 1998
1998
Visits
AVG 166
163
Data Provided by Inside Real Estate®