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Fairways Estates

5040 53 Street, Sylvan Lake, AB T4S 0A1

Downtown
Year Built
2007
Floors
4
Building Type
Low-rise apartment

Market Overview

Avg Sold Price
$367,551.786
Median Sold
$350,250
Price Range
$240,000 – $710,425
Avg $/SqFt
$356.95
Sales (2yr)
14
Active Listings
3
Avg List Price
$354,266.667
Avg Days on Market
43.285714285714285

Last sale: Jul 10, 2026

Condo Fees

Avg Monthly Fee
$662.971
Median Fee
$662.98
Avg $/SqFt
$0.654
Units w/ Fee Data
15
Fee IncludesHeat, Water

Building Features

ExteriorBrick,Stucco,Wood Siding
AmenitiesFitness center, car wash, sauna, hot tub, steam room, theatre room, games room, party room, gazebo, outdoor entertainment area, bicycle storage, elevator, picnic area.
Building TypeLow-rise apartment
Floors4 storeys
Year Built2007

Policies

Pet PolicyNo pets allowed.

Management

Management CompanyMagnum York Property Management Ltd.
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About This Building

Fairways Estates is a four-storey low-rise apartment building built in 2007 in downtown Sylvan Lake at 5040 53 Street. The 15-unit complex comprises primarily two-bedroom, two-bathroom units ranging from roughly 950 to 1,600 square feet, with brick, stucco, and wood-siding exteriors. Recent sales have averaged around $368,000, with monthly condo fees averaging roughly $660. The building's defining feature is its direct adjacency to the Sylvan Lake Golf & Country Club's course, with many units offering golf and lake views. Amenities include a fitness centre, hot tub, steam room, car wash bay, and various entertainment spaces. All parking is underground and titled. Before committing to purchase, retain a real estate lawyer to review the reserve fund study, financial statements, board minutes, bylaws, and insurance documentation for this mature property.

Premium reviews are completed within 24 hours of having all required condo documents. General information, not legal advice.

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