1040 Lakewood RD N NW
$254,900
1040 Lakewood RD N NW
Tipaskan, Edmonton · MLS® E4510144
32
1,072 sq ft · 241 m² lot · Townhouse · Single Family · built 1978 · 30 days on market
listed by Ryan Huska, Real Broker
realtor's description
Welcome to this beautiful townhouse, that perfectly balances modern updates with cozy charm. As you step inside, you are greeted by natural light and a warm, inviting living room featuring a stunning wood burning fireplace. The main floor boasts a functional kitchen, complete with upgraded appliances and stylish new lighting. Upstairs, you will find three bedrooms and a full bathroom, providing plenty of room for family, guests, or a dedicated home office. The comfort extends to the lower level with a fully finished basement that offers flexible bonus space for a media room, gym, or play area. Outside you'll find your own personal south facing backyard, that serves as your private outdoor retreat for morning coffee or weekend relaxation. Some upgrades include a brand new (2 stage variable speed) furnace in 2025, new appliances, a new ceiling fan in the kitchen, and a new front step, this home is must see!
property details
- type
- Townhouse, Single Family
- bedrooms
- 3
- bathrooms
- 2
- living area
- 1,072 sq ft
- lot
- 241 m²
- parking
- 0
- year built
- 1978
- strata fee
- $381 / mo ($0.36 / sq ft)
- days on market
- 30
- MLS®
- E4510144
features
- See remarks
- Lane
- Washer
- Refrigerator
- Dishwasher
- Stove
monthly cost
$1,491/mo
Mortgage $1,111 · Strata $381
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
if you rented it out
- rent
- $1,880/mo
- after all costs
- $63/mo
- cap rate
- 5.5%
- yearly net rent ÷ price
Costs: mortgage $1,111 · strata $381 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 3+ bedroom in Edmonton: CMHC's average there ($1,802) 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
location
Tipaskan, EdmontonGoogle Maps ↗
Rapid transit: Grey Nuns LRT station, 1.3 km (about 20 min walk); Mill Woods LRT station, 1.6 km (about 26 min walk).
schools
Catchment schools, Edmonton Public Schools
- Elementary K to Gr 6 Tipaskanhomes in this catchment
24553.5 km away · 1200 Lakewood Road North NW, Edmonton · (780) 462-5031 · website
- Middle Gr 7-9 Edith Rogershomes in this catchment
24554.2 km away · 8308 Millwoods Road NW, Edmonton · (780) 462-3310 · website
- Secondary Gr 10-12 J Percy Pagehomes in this catchment
24552.7 km away · 2707 Millwoods Road NW, Edmonton · (780) 462-3322 · website
From the Edmonton Public Schools's published catchment maps (2021, the latest published). A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.