Rainbow Park

Rainbow Park is an apartment condo community located at 5220 50A Avenue in Downtown Sylvan Lake, built in 2003. The complex offers 2-bedroom, 2-bathroom units designed for comfortable lakeside living, with recent sales averaging around $233,000 and monthly condo fees approximately $362. Units feature open-concept layouts, corner fireplaces, and in-suite laundry, with convenient assigned parking and proximity to the beach, boardwalk, marina, and local dining. Before finalizing your purchase, have the condo's reserve fund study, financial statements, board minutes, bylaws, and insurance documentation professionally reviewed to understand the building's financial health and any upcoming maintenance obligations.