#106 40 Summerwood Bv

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$189,000

#106 40 Summerwood Bv

Summerwood, Sherwood Park · MLS® E4497393

221

724 sq ft · Condo · Single Family · built 2007 · 110 days on market

listed by Aaron Fehlauer, RE/MAX Excellence

realtor's description

Bright, refreshed, and ready to impress, this south-facing 2-bed, 2-bath condo delivers upgraded style and everyday convenience. Quartz counters elevate the kitchen, paired with new laminate flooring and an open-concept layout that flows easily from cooking to relaxing. A flexible den space adds room for work or storage. The living room opens to a private patio with a gas line for BBQ season. The primary suite features a walk-in closet and full ensuite, while the second bedroom sits near the main 4-piece bath. In-suite laundry keeps life simple. Parking stall #54 is steps from the entrance. Surrounded by walking trails, wetlands, shopping, restaurants, transit, and the hospital, with quick access to Yellowhead and Hwy 21, this location checks every box

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 724 sq ft
parking: 1
year built: 2007
strata fee: $322 / mo ($0.44 / sq ft)
days on market: 110
MLS®: E4497393

features

Washer
Refrigerator
Dishwasher
Stove
Dryer
Hood Fan

city assessment

$188,000

2026 assessment · market value as of July 1, 2025

Up 7.4% from $175,000 in 2025
Asking price is 1% above the assessment
Floor area on the roll 743 sq ft

From Strathcona County open data (property tax assessment), matched to 106, 40 SUMMERWOOD BLVD. 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 $1,368 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

$1,145/mo

Mortgage $823 · Strata $322

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

estimated payment

$823/ monthly

loan $151,200

25-year amortization

down payment20% · $37,80020%+ 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: $95,836
land title fees: $445; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $38,245; down + land title fees
total paid: $247,036

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: $292/mo
cap rate: 7.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $823 · strata $322 · 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