5008 41 Street Sylvan Lake, AB T4S 1B9
Listing Courtesy of: PILLAR 9 - IDX / Concept Realty Group Inc.

  5008 41 Street Sylvan Lake, AB T4S 1B9

Active (72 Days)
$739,900
6
BED
4
BATH
1,810
SQFT

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.

MLS®:
A2205574
Lot Size
3,665 SQFT
Type
Single-Family Home
Year Built
1998
Style
2 Storey
County
Red Deer County

Listed By

Drew McGinnis, Concept Realty Group Inc.
Source
PILLAR 9 - IDX
Last checked Jun 18 2025 at 12:18 PM EDT
Bathroom Details
  • Full Bathrooms: 3
  • Half Bathroom: 1
Interior Features
  • Ceiling Fan(s)
  • Closet Organizers
  • Kitchen Island
  • Appliances : Dishwasher
  • Appliances : Refrigerator
  • Appliances : Stove(s)
  • Appliances : Washer/Dryer
  • Appliances : Water Softener
  • Appliances : Window Coverings
  • Laundry/Utility Room : Laundry Room
Subdivision
  • Cottage Area
Lot Information
  • Landscaped
Property Features
  • Fireplace: Total Fireplace(s) : 1 Wood Burning Stove
  • Foundation: Poured Concrete
Heating and Cooling
  • Forced Air
  • Full
Basement Information
  • Separate/Exterior Entry
  • Finished
  • Full
Flooring
  • Carpet
  • Hardwood
  • Tile
Exterior Features
  • Roof: Asphalt
Garage
  • Double Garage Detached
Parking
  • Parking Space(s) : 4
Stories
  • 2
Living Area
  • 1,810 sqft
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Disclaimer: Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.