#107 3040 Spence Wd SW

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$212,900

#107 3040 Spence Wd SW

Summerside, Edmonton · MLS® E4510832

885 sq ft · Townhouse · Single Family · built 2005 · 26 days on market

listed by Jessica Kibambe, Royal LePage Noralta Real Estate

realtor's description

Welcome home to Lake Summerside!!! this cozy main floor condo, boasts 9 ft. ceilings, large windows and beautiful maple hardwood flooring in the living area. As you enter this modern home you will be greeted by an entrance with an open concept floor plan with 2 generous size bedrooms, one in which has a fabulous walk in closet. Enjoy the gas fireplace in the open living room with a large built in space for all your entertainment units. The kitchen has ample cupboard space and beautiful maple cabinets. Past the kitchen you will have a large laundry room and mechanical room. On the cozy patio you get a natural gas BBQ that comes with the condo. Extra storage with outdoor shed as well as an insulated and heated crawl space spanning the entirety of the suite, for even more ample storage. Ideal for first time buyers or starter property for families, busy professionals, and downsizers. If this isn't enough, Lake Summerside is conveniently close to public transportation, shopping, and only minutes to the school.

property details

type: Townhouse, Single Family
bedrooms: 2
bathrooms: 1
living area: 885 sq ft
parking: 0
year built: 2005
strata fee: $323 / mo ($0.36 / sq ft)
days on market: 26
MLS®: E4510832

features

No Smoking Home
Lake Privileges
Washer
Refrigerator
Dishwasher
Stove

property tax

about $2,206 a year

The asking price times Edmonton's 2026 residential rate of 10.36 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

$1,250/mo

Mortgage $928 · Strata $323

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

estimated payment

$928/ monthly

loan $170,320

25-year amortization

down payment20% · $42,58020%+ 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: $107,955
land title fees: $490; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $43,070; down + land title fees
total paid: $278,275

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