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.
Address
5008 41 Street
List Price
$739,900
Property Type
Residential
Type of Dwelling
Detached
Style of Home
2 Storey
Transaction Type
Sale
Area
Sylvan Lake
Sub-Area
Cottage Area
Bedrooms
6
Bathrooms
4
Floor Area
1,810 Sq. Ft.
Lot Size
3665 Sq. Ft.
Year Built
1998
MLS® Number
A2285838
Listing Brokerage
eXp Realty
Basement Area
Full
Postal Code
T4S1B9
Zoning
R1
Site Influences
Back Lane, Back Yard, Golf, Lake, Landscaped, Schools Nearby, Shopping Nearby, Playground