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1316, 505 Railway Street W
homes for sale · Cochrane · Downtown
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$289,900

1316, 505 Railway Street W

Downtown, Cochrane · MLS® A2342013

222

844 sq ft · Condo · Single Family · built 2006 · 37 days on market

listed by Randi Mayan, CIR Realty

realtor's description

LOCATION, LOCATION, LOCATION! Welcome to this well appointed 2 bedroom, 2 bathroom condo perfectly situated in the HEART OF COCHRANE, just steps from the shops, restaurants, services and amenities that make downtown Cochrane so desirable. Inside, the bright and spacious open-concept layout connects the kitchen, dining area and living room, creating a welcoming space for both everyday living and entertaining. The kitchen features an eat-up kitchen island, pendant lighting, plenty of counter and cupboard space, brand new dishwasher and tiled back splash. The two bedrooms are thoughtfully positioned for privacy, with the primary suite featuring views of the Cochrane Hill, a 4 piece ensuite and walk-through closet. The second bedroom offers the same great views and flexibility for guests/roommate, a home office or additional living space. You’ll also appreciate the convenience of in-suite laundry with storage (washer/dryer 2025), ample storage, titled underground parking PLUS an assigned parking stall. With shopping, dining, banking, groceries and Cochrane’s charming boutique shops all within easy walking distance, this is an ideal opportunity for a first time buyer, investor or anyone looking to simplify and downsize while staying close to everything.

property details

type
Condo, Single Family
bedrooms
2
bathrooms
2
living area
844 sq ft
parking
2
year built
2006
property tax
$1,802 / yr
strata fee
$461 / mo ($0.55 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
37
MLS®
A2342013

features

  • No Animal Home
  • No Smoking Home
  • Parking
  • Pets Allowed With Restrictions
  • Refrigerator
  • Dishwasher

monthly cost

$1,875/mo
Mortgage $1,263 · Tax $150 · Strata $461

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

estimated payment
$1,263/ monthly
loan $231,920
25-year amortization
total interest
$147,000
land title fees
$625
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$58,605
down + land title fees
total paid
$378,920

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
−$217/mo
cap rate
4.3%
yearly net rent ÷ price

Costs: mortgage $1,263 · tax $150 · strata $461 · 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
Randi Mayan
CIR Realty
call Randi · 403-874-8798
Powered by: REALTOR.ca

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property tax

about $1,906 a year

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

The listing shows $1,802 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
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