#103 400 Palisades Wy

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$264,900

#103 400 Palisades Wy

Centennial Village, Sherwood Park · MLS® E4509005

221

1,093 sq ft · Condo · Single Family · built 2007 · 38 days on market

listed by Michelle Plach, HonestDoor Inc

realtor's description

Visit the Listing Brokerage (and/or listing REALTOR®) website to obtain additional information. Spacious 2-bed + den, 2-bath main-floor condo offering 1,093 sqft of refreshed living space in a quiet concrete building. Move-in ready with new water-resistant laminate flooring, fresh paint, new cabinet hardware, updated dining light fixture & a new kitchen faucet. Bright living/dining space & functional kitchen with ample cabinetry and counter space. Versatile den is ideal for a home office or hobbies. Primary bed has a walk-through closet & private ensuite. Enjoy sunny south exposure with a patio ideal for growing flowers & plants. Main-floor access means no elevator needed to reach your suite. In-suite laundry & storage. Heated underground parking across from the elevator, plus separate storage. Building amenities include a fitness room, social/games room, theatre, steam room, sauna & car wash. Millennium Place, parks, paths, shopping & restaurants nearby.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 1,093 sq ft
parking: 1
year built: 2007
strata fee: $799 / mo ($0.73 / sq ft)
days on market: 38
MLS®: E4509005

features

No Smoking Home
Washer
Refrigerator
Dishwasher
Stove
Dryer

city assessment

$274,000

2026 assessment · market value as of July 1, 2025

Up 7.9% from $254,000 in 2025
Asking price is 3% below the assessment
Floor area on the roll 1,098 sq ft

From Strathcona County open data (property tax assessment), matched to 103, 400 PALISADES WY. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

property tax

about $1,994 a year

The 2026 assessment times Strathcona County's 2026 residential rate of 7.28 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.

monthly cost

$1,953/mo

Mortgage $1,154 · Strata $799

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

estimated payment

$1,154/ monthly

loan $211,920

25-year amortization

down payment20% · $52,98020%+ 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: $134,323
land title fees: $580; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $53,560; down + land title fees
total paid: $346,243

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: $1,600/mo
after all costs: −$516/mo
cap rate: 2.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,154 · strata $799 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Edmonton: CMHC's average there ($1,598) raised by what new tenants pay against everyone in the Edmonton area. (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