1113, 301 2nd Avenue

Dead Man's Flats · MLS® A2331206

321

1,193 sq ft · Condo · Single Family · built 2029 · 87 days on market

listed by DORAN KOCIAN, CIR Realty

realtor's description

More unit options available! This well-designed 147-unit resort-style development is ideally located in the heart of the Bow Valley, surrounded by the Canadian Rockies and minutes from Canmore, Kananaskis, and Banff. The project features a strategic mix of short-term rental and tourist-zoned units, complemented by resort-style amenities including two outdoor hot tubs, outdoor heated year-round pool, multiple fire pit gathering areas, two cedar saunas, a fitness centre, and a shared workspace. Ground-floor commercial spaces provide everyday convenience and enhance the overall functionality of the community. With immediate access to outdoor recreation and limited new supply in the Bow Valley, this development offers strong lifestyle and investment appeal. Sale price includes GST.

property details

type: Condo, Single Family
bedrooms: 3
bathrooms: 2
living area: 1,193 sq ft
parking: 1
year built: 2029
strata fee: $1,115 / mo ($0.93 / sq ft)
strata rules: Pets Allowed With Restrictions
days on market: 87
MLS®: A2331206

features

See remarks
Sauna
Parking
Pets Allowed With Restrictions
Refrigerator
Range - Electric

property tax

about $5,731 a year

The asking price times M.D. of Bighorn No. 8's 2026 residential rate of 4.92 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

$6,190/mo

Mortgage $5,076 · Strata $1,115

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

estimated payment

$5,076/ monthly

loan $931,972

25-year amortization

down payment20% · $232,99320%+ 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: $590,720
land title fees: $2,200; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $235,193; down + land title fees
total paid: $1,522,692

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: $1,910/mo
after all costs: −$4,468/mo
cap rate: 0.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $5,076 · strata $1,115 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Alberta: CMHC's average there ($1,848) raised by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (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