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Home Communities Central Core 5203 Lakeshore Drive
$750,000 Active
5203 Lakeshore Drive · Sylvan Lake · T4S 1E8
bd ba
MLS® A2319778 · Listed Jun 15, 2026
Listed by Honestdoor Inc. — Michelle Plach
By the numbers

How this listing measures up

$/sqft
vs Central Core median +10% community avg $680K
Sqft per bedroom
Year built
Annual taxes $6,442 2025

About this property

Click Brochure link for more details** Lakeshore Corner represents an exceptional opportunity to acquire a 9,860 sqft development siter featuring 53 feet of prime frontage on Lakeshore Drive. The offering is elevated by the potential for a significant land assemblage opportunity to also acquire the adjacent Edgewater Inn and the 5207 Lakeshore Drive property. This strategic combination allows for the creation of a landmark consolidated site, unlocking the potential for a large-scale project that would command a premier corner of the waterfront. A future development will benefit from unparalleled access to Sylvan Lake's best amenities and a location next to existing luxury projects. With deep municipal utilities ready at the lot line, the Site provides the ideal foundation for a landmark commercial and residential development in one of Alberta’s most popular lakeside communities. The Site is the definitive epicenter of Sylvan Lake, located just steps from the 1.6 km waterfront promenade and sandy beach. It is situated in the heart of the high-traffic commercial strip, offering a brief two to five minute walk to the town's most popular destinations, including the pier, microbreweries, rooftop dining, and public boat launches. Sylvan Lake is a proven year-round destination. Beyond the summer draw of boating and the Aqua Splash, the town hosts major events like Canada Day and Winterfest. In winter, the vibrant Winter Village, ice skating, and ice fishing drive continuous visitor traffic and commercial demand, ensuring year-round viability for retail and desirability for residents. The lot is located in the Waterfront Commercial District (CW). This valuable designation encourages mixed-use developments that blend ground-floor retail, tourist services, or restaurants with upper-floor residential or multi-family condo units. The site commands a strategic corner location with 53 feet of premium frontage on Lakeshore Drive and an additional 97 feet along 52nd Street. This dual frontage ensures maximum brand visibility, offers prominent lake views, and provides flexible design and access options for future development. Being positioned in a mature, established municipal grid, the lot boundaries are serviced with deep municipal water, sewer, natural gas, and electricity lines, making development planning far faster than rural lakefront plots.

Property details

InclusionsSee Remarks
Lot size9860.00 sqft
FencingNone
Annual taxes$6,442
Tax year2025
PossessionNegotiable
ZoningW-DC
TitleFee Simple
RestrictionsSee Remarks
NeighbourhoodCentral Core
Community featuresLake,Shopping Nearby,Sidewalks,Street Lights
List AORCalgary

Location

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About Central Core

AI-generated summary

Calgary's urban heart, the Central Core buzzes with energy day and night, blending corporate towers, cultural venues, and a growing residential scene in a compact, walkable environment.

Average list price of $679,950 across 2 active listings
Homes are averaging 33 days on market
Free CTrain fare zone covers the entire downtown core
Walking distance to major employers, courts, and government offices
Housing
Condominiums and loft-style apartments dominate the housing stock, ranging from sleek high-rises to boutique low-rise conversions.
Transit
Exceptional transit access with free CTrain service throughout the downtown core, extensive bus routes, and a highly walkable and bike-friendly street network.
Amenities
Residents enjoy immediate access to the Stephen Avenue Walk, CORE Shopping Centre, numerous restaurants and cafés, the Arts Commons, and the Bow River pathway system.
Who lives here
Primarily young professionals, downtown workers, and urban lifestyle enthusiasts who prioritise convenience and proximity to Calgary's business and cultural hub.
Full Central Core community profile →

This neighbourhood summary was generated by AI for general orientation only. Verify details with the City of Calgary and your REALTOR® before making decisions.

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Listed by: Honestdoor Inc. — Michelle Plach.