The Watermark

The Watermark is a four-storey low-rise apartment building at 4707 50 Street in downtown Sylvan Lake, built in 2009. The complex offers two-bedroom, two-bathroom units ranging around 1,150 square feet, featuring granite countertops, gas fireplaces, and in-suite laundry. Units include in-floor heating and titled underground parking. Located within walking distance to Lakeshore Drive's restaurants, shops, and beach activities, the building appeals to those seeking lakeside convenience. Recent sales have averaged around $276,000, with monthly condo fees averaging roughly $619, which cover heat, water, sewer, and garbage removal. Before committing to purchase, prospective buyers should engage a professional to review the condo documents, including reserve fund studies, financial statements, board minutes, and bylaws, to understand the building's financial health and governance.