101 Westlake Mews

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$500,000

101 Westlake Mews

Westmount_Strathmore, Strathmore · MLS® A2279750

2,303 m² lot · Land · Vacant Land · 281 days on market

listed by Debbie Mitzner, RE/MAX Landan Real Estate

realtor's description

ATTN: Investors, Developers, Business Owners — Build your dream HERE! Located across from the lake just off of the #1 highway, this parcel of land is a commodity. Centrally located within the choice community of Westlake, this 1/2+ acre is zoned for Highway Commercial with the opportunity to rezone to Multifamily R3, Commercial, or Commercial/Residential mix. A cul-de-sac property, development options include senior housing, dealership, warehouse, mini-storage, brewery, gas station, restaurant, retail, garage, car wash, medical clinic, or professional center. Call today to discuss all options! Note: original owner, 3+ stories. Subject to Town of Strathmore Development Permit.

property details

type: Land, Vacant Land
lot: 2,303 m²
parking: 0
property tax: $2,901 / yr
days on market: 281
MLS®: A2279750

features

See remarks
Level
Golf Course Development

property tax

about $4,110 a year

The asking price times Strathmore's 2026 residential rate of 8.22 per $1,000 (municipal and education).

The listing shows $2,901 a year in property tax.

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

$2,420/mo

Mortgage $2,178 · Tax $242

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

estimated payment

$2,178/ monthly

loan $400,000

25-year amortization

down payment20% · $100,00020%+ 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: $253,536
land title fees: $1,000; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $101,000; down + land title fees
total paid: $653,536

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