1001 7 AV

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$285,000

1001 7 AV

Cold Lake North, Cold Lake · MLS® E4509239

1,866 sq ft · Townhouse · Single Family · built 2008 · 37 days on market

listed by Matthew Mountney, RE/MAX Prairie Realty

realtor's description

LAKE VIEW! Beautifully upkept townhouse located in Cold Lake North, one block to the lake and Marina! Perfect main floor plan features large kitchen open to the dining area and living area with 1/2 bathroom and large deck. Gourmet kitchen features stainless steel appliances, newer cabinetry, miles of counter space and a breakfast bar for casual dining. Laminate flooring throughout and ceramic tile in the bathrooms. Upstairs you will find 2 large bedrooms, master with 3pc ensuite and walk in closet. laundry is conveniently located on the same level as the bedrooms and another 4 pcs main Bath. lower level has a WALKOUT basement on to a patio. Its fully finished with additional bedroom/spa-inspired bathroom featuring deep soaker tub and seperate 2 pcs bath. Lower level has inslab heat as well as the attached single car garage.

property details

type: Townhouse, Single Family
bedrooms: 3
bathrooms: 4
living area: 1,866 sq ft
parking: 0
year built: 2008
strata fee: $480 / mo ($0.26 / sq ft)
days on market: 37
MLS®: E4509239

features

Treed
Corner Site
See remarks
No back lane
Washer
Refrigerator

property tax

about $3,233 a year

The asking price times Cold Lake's 2026 residential rate of 11.34 per $1,000 (municipal and education).

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.

monthly cost

$1,722/mo

Mortgage $1,242 · Strata $480

20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.

estimated payment

$1,242/ monthly

loan $228,000

25-year amortization

down payment20% · $57,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $144,515
land title fees: $615; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $57,615; down + land title fees
total paid: $372,515

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent: $1,520/mo
after all costs: −$498/mo
cap rate: 3.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,242 · strata $480 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Cold Lake: CMHC's average there ($1,472) raised by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca