5 Sylvaire Close, Sylvan Lake, AB T4S 1P4
5 Sylvaire Close, Sylvan Lake, AB T4S 1P4
5 Sylvaire Close, Sylvan Lake, AB T4S 1P4
5 Sylvaire Close, Sylvan Lake, AB T4S 1P4
5 Sylvaire Close, Sylvan Lake, AB T4S 1P4
5 Sylvaire Close, Sylvan Lake, AB T4S 1P4
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Est.Price: ?

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Est. payment /mo

2.64 Acres Lot


Key Details

Sold Price -

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Subdivision Cuendet Industrial Park

MLS® Listing ID A2264385

Sold Date -

Year Built 2003

Annual Tax Amount $28,778

Tax Year 2025

Lot Size 2.640 Acres

Acres 2.64

Property Sub-Type Industrial

Source Central Alberta

Property Description

Fully leased industrial investment property located in Sylvan Lake's Beju Industrial Park. The 14,400 sq. ft. building sits on 1.50 acres and features a two-level office buildout totaling 8,800 sq. ft., and a 5,600 sq. ft. shop with three drive-in bays including one wash bay. Both tenants occupy under long-term triple net leases with structured rental escalations in place. Renewals are signed with no rollover until 2030. Stabilized NOI in 2026 is $160,748, representing a 7.31% going-in CAP at list price. Site is fully fenced with radiant heat, HVAC, sunshine-panel overhead doors, sump systems, and yard access. Environmental remediation completed (Phase I & II available). Excellent turnkey investment with strong tenant profiles and long-term lease security.

Location

Province AB

County Red Deer County

Zoning I1

Others

Restrictions None Known

Tax ID 101348051

Ownership Private

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Listed by eXp Realty

The Experience, in Their Words

Shuvolaxmi Dutta

Highly recommend! An absolute pleasure to work with. We recently purchased our beautiful new home in Calgary with the help of Viren and we couldn’t be happier with the entire experience. From the very beginning, he truly listened to our specific needs, likes, and dislikes. He understood exactly what we were looking for in a family home and didn’t recommend us to see anything that didn’t align with our vision. He was very respectful of our budget and helped us find excellent options within our range without ever making us feel pressured. He never rushed us — even when we took time to think things through, he was patient and supportive every step of the way. What really stood out was how he went above and beyond during the final walkthrough. He took care of a few issues that came up and made sure everything was properly addressed before closing. It gave us so much peace of mind. Most importantly, working with him felt like searching for a home with a close family friend. His warmth, honesty, and genuine care made, what could have been a stressful process, truly enjoyable. We are so grateful for his help in finding our perfect family home and would recommend him to anyone without hesitation! Thank you again Viren!

Stallone Dias

We recently worked with Viren to purchase a rental property, and the experience was excellent from start to finish. Buying a home can be stressful, but Viren made the entire process smooth and straightforward. He was knowledgeable, responsive, and always available to answer our questions. We never felt pressured and always felt that he had our best interests in mind. His guidance throughout the search, negotiations, and closing process was invaluable, and thanks to his hard work, we found the perfect property. I would highly recommend Viren to anyone looking to buy or sell a home. Thank you for making what could have been a stressful experience such a positive one! - We will definitely be in-touch when we're in the market for another property.

Michael Rand

I am a Alberta certified home inspector for a top home inspection company and have had the pleasure to work with Virin on a few occasions, his professional attitude and knowledge of the space is exceptional and should be a bar set by all realtors to match. It was a pleasure and I look forward to a long professional relationship with him and his company in the future. Thanks for being so professional and prompt with all requests.
Viren Vijayashankar

Viren Vijayashankar

Agent | CON-00135400

+1(587) 742-8877

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