REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Viren Vijayashankar

Bowhaven - Exp Realty of Canada

viren@bowhaven.com +1(587) 742-8877

$ 739,900

Est. payment | -/mo

6 Beds

4 Baths

1,810 SqFt

Save

$ 739,900

Est. payment | -/mo

Save

6 Beds

4 Baths

1,810 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,810 sqft

Price per Sqft $408

Subdivision Cottage Area

MLS® Listing ID A2285838

Style 2 Storey

Bedrooms 6

Full Baths 3

Half Baths 1

Year Built 1998

Annual Tax Amount $5,593

Tax Year 2025

Lot Size 3,665 Sqft

Acres 0.08

Property Sub-Type Detached

Source Central Alberta

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.

Location

Province AB

County Red Deer County

Zoning R1

Direction E

Rooms

Basement Full

Interior

Interior Features Ceiling Fan(s), Closet Organizers, Kitchen Island

Heating In Floor, Forced Air

Cooling Full

Flooring Carpet, Hardwood, Tile

Fireplaces Number 1

Fireplaces Type Wood Burning Stove

Inclusions Hot Tub, Fire Place

Appliance Dishwasher, Refrigerator, Stove(s), Washer/Dryer, Water Softener, Window Coverings

Laundry Laundry Room

Exterior

Parking Features Double Garage Detached

Garage Spaces 2.0

Fence Fenced

Community Features Golf, Lake, Playground, Schools Nearby, Shopping Nearby

Roof Type Asphalt

Porch Front Porch

Lot Frontage 30.35

Total Parking Spaces 4

Garage 1

Building

Lot Description Back Lane, Back Yard, Landscaped

Foundation Poured Concrete

Architectural Style 2 Storey

Level or Stories Two

Structure Type Shingle Siding,Vinyl Siding,Wood Frame

Others

Restrictions None Known

Tax ID 101772475

Ownership Joint Venture

Listed by eXp Realty - Red Deer

LOCATION AND OTHER NEARBY PROPERTIES

REVIEWS

Sara Bietz

I’ve had the pleasure of working with Viren in Arbour Lake, and I’ve always been impressed with how professional, responsive, and easy to work with they are. They genuinely care about their clients and consistently go above and beyond to make sure things are handled properly. It’s always a pleasure working with someone who is knowledgeable, reliable, and truly puts their clients first. I would happily recommend Viren to anyone looking for a great realtor in Calgary’s Northwest.

Geeta Singh

As a professional and knowledgeable real estate agent, Viren made the journey of purchasing a home in the Calgary area completely seamless. I felt supported and informed at every single step. His market expertise and unwavering patience truly stood out.

Sartaj Sekhon

Working with Viren is an absolute pleasure, and he is easily one of the most professional Realtors in North West Calgary. What I appreciate most about him is how he always keeps the bigger picture in mind. He doesn’t just focus on getting a quick deal done; he actually steps back, considers the long-term strategy, and focuses on what makes the most sense for his clients down the road. Additionally, his communication is top-notch. He keeps you in the loop every step of the way, anticipates questions before they come up, and is very resourceful when it comes to getting answers and solving problems. He has a great network of folks that he can tap into to resolve any issue! If you're looking for a collaborative, down-to-earth Realtor who truly knows his stuff and puts his clients first, give Viren a call!

Real Estate News & Resources

Living in Royal Oak: Schools, CTrain Access and Home Prices

Living in Royal Oak: Schools, CTrain Access and Home Prices Royal Oak sits at Calgary's far northwest edge, bounded by Country Hills Boulevard to the north, Stoney Trail to the east, Crowchild Trail to the south and Rocky Ridge Road to the west. The single thing that most separates it from other sub

Panorama Hills Home Buyer's Guide: Schools, Golf, and Housing Types

Panorama Hills Home Buyer's Guide: Schools, Golf, and Housing Types If you have been looking at Panorama Hills listings and wondering what buying here is actually like, here is the direct answer: Panorama Hills is one of Calgary's largest, most established northwest communities, built out since the

How Pricing Works in a Shifting Calgary Market

How Pricing Works in a Shifting Calgary Market In a market that is shifting away from the seller-favoured conditions of the past few years, price to the last 30 to 60 days of comparable sold prices, not to last year's peak or a neighbour's asking price. Calgary's overall months of supply climbed to

Viren Vijayashankar

Agent CON-00135400

+1(587) 742-8877

5008 41 ST Sylvan Lake, AB T4S1B9

Viren Vijayashankar

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Go tour this home

5008 41 ST

REVIEWS

Real Estate News & Resources

GET MORE INFORMATION