38551 Range Road 21

Eighty acres of private paradise in the sought-after Sylvan Lake area — just five minutes to Sylvan Lake and twenty to Red Deer. This exceptional estate offers a main residence,an approved secondary residence,and a guest garden suite,giving unmatched privacy and versatility for multi-generational living or income potential.
Built with ICF walls,concrete floor joists,and in-floor hot water heat on both levels,the main home is as efficient as it is comfortable. An elevator and open-concept layout bring accessibility and light throughout five bedrooms,three bathrooms,two kitchens with a walk-in pantry and granite counters,a sunroom,and a spacious main-floor laundry. The walkout basement opens to a southwest-facing patio,and a double-attached garage rounds out the home.
Outside,a covered deck overlooks grain fields and forest,complemented by a water fountain,a private gazebo with surround sound and fire pit,and a 12'x50' greenhouse with an ICF frost wall for organic growing. A solar power installation at the main building site adds further energy efficiency.
The property is also home to the R Family Christmas Tree Farm,spanning 14 acres with approximately 400 trees sold in 2023,complete with an ice-skating rink and picnic shelter. The farm office (built 2019) features forced air heat and 220V power.
Multiple income streams add exceptional investment value: a fully upgraded 1976 mobile home currently rents for $1,500/month plus utilities; a 2017 warehouse (60'x120',divided into two finished 60'x60' bays with in-floor heating,220V power,two three-piece bathrooms,and mezzanines) rents for $6,000/month total plus GST,or $3,000/month per side plus GST; and 43 acres of cropland are leased on a share basis.
Support buildings include a 1992 60'x60' shop with two finished bays (in-floor heating on one side,roughed-in on the other),220V power,a two-piece bathroom,laundry,and a heated mezzanine. A 1986 24'x26' attached garage is fully finished with forced air heat,and multiple storage sheds are available,including a pet-friendly unit with in-floor heat,running water,and power.
Enjoy true four-season recreation with easy lake access for swimming,boating,water skiing,ice fishing,snowmobiling,and cross-country skiing — all just minutes from town amenities. This extraordinary estate offers unmatched beauty,versatility,and income potential. Book your private tour to see everything this remarkable property has to offer.