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1103, 505 Railway Street W
homes for sale · Cochrane · Downtown
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$299,000

1103, 505 Railway Street W

Downtown, Cochrane · MLS® A2352692

221

854 sq ft · Condo · Single Family · built 2006 · 8 days on market

listed by Erica Broad, Real Estate Professionals Inc.

realtor's description

Welcome to Cochrane’s trendy Downtown District. This 2-bedroom, 2-bathroom condo has been thoughtfully updated with luxury vinyl plank flooring installed throughout this 853 sq.ft. living space, new baseboards, newly painted from top to bottom in the most neutral color to ensure its move-in ready for anyone’s furnishing style. Brand new kitchen counters also in a timeless color choice. The layout is superb. Living room-kitchen-dining room are open concept. A hallway off to the side leads you to both bedrooms making the sleeping areas separate and peaceful. The primary has a walk-through closet to the ensuite. The laundry room is located right next to the front entry, stacked washer/dryer along with some storage space. This space has all you will need on one ground floor level with patio doors that allow you to enter and exit the unit easily to access your vehicle that conveniently can be parked directly in front of your patio. Yes, you may only need to access the lobby to get your mail and deliveries! There is a storage unit in the parkade that can hold all the clunky unsightly items in your life. This is the first time this condo has hit the market as it is original owner, it was a non-smoking, and no pet home to boot! This one is a must see and ready for you! Reach out to your favorite realtor and book your private showing.

property details

type
Condo, Single Family
bedrooms
2
bathrooms
2
living area
854 sq ft
parking
1
year built
2006
property tax
$1,754 / yr
strata fee
$462 / mo ($0.54 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
8
MLS®
A2352692

features

  • PVC window
  • Closet Organizers
  • No Animal Home
  • No Smoking Home
  • Parking
  • Pets Allowed With Restrictions

monthly cost

$1,911/mo
Mortgage $1,303 · Tax $146 · Strata $462

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

estimated payment
$1,303/ monthly
loan $239,200
25-year amortization
total interest
$151,614
land title fees
$640
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$60,440
down + land title fees
total paid
$390,814

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
$1,840/mo
after all costs
−$253/mo
cap rate
4.2%
yearly net rent ÷ price

Costs: mortgage $1,303 · tax $146 · strata $462 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Calgary: CMHC's average there ($1,908) lowered by what new tenants pay against everyone in the Calgary 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

Downtown, CochraneGoogle Maps ↗

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Erica Broad
Real Estate Professionals Inc.
call Erica · 403-606-3541
Powered by: REALTOR.ca

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property tax

about $1,965 a year

The asking price times Cochrane's 2026 residential rate of 6.57 per $1,000 (municipal and education).

The listing shows $1,754 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.

location

Downtown, CochraneGoogle Maps ↗
Drive times
  • Cochrane High3 min
  • École Notre-Dame des Vallées4 min
  • University of Calgary - Spy Hill Campus27 min
  • Alberta Children's Hospital29 min
  • Downtown Calgary37 min
  • YYC airport40 min
100

Walkability 100/100 · Very walkable: most errands on foot

Within a 10 minute walk: 6 grocery stores, 46 places to eat or drink, 8 cafes, 6 parks and playgrounds, 2 schools, 3 pharmacies.

mihom score from OpenStreetMap places, by straight line distance.

505 Railway Street W, Cochrane
505 Railway Street W, Cochrane, photo 2
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