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1420, 505 Railway Street W
homes for sale · Cochrane · Downtown
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$300,000

1420, 505 Railway Street W

Downtown, Cochrane · MLS® A2350740

221

931 sq ft · Condo · Single Family · built 2006 · 17 days on market

listed by Jason Streich, Real Broker

realtor's description

Welcome to this bright and spacious top-floor corner unit in Downtown Cochrane! This 2-bedroom, 2-bathroom condo offers 931 sq. ft. of comfortable living space, large windows, 8-foot ceilings, and a corner deck with mountain views. The living room provides direct access to the deck, creating a welcoming space to relax or entertain. The kitchen features stainless steel appliances, including a built-in microwave, ample cabinetry, and convenient pantry storage beside the refrigerator. The primary bedroom includes a 4-piece ensuite, while the second bedroom offers generous space for guests, family, or a home office. A separate laundry room with washer and dryer adds everyday convenience. Composite flooring, blinds and window coverings, and a sprinkler system are among the additional features. The home also includes a small storage locker located in the underground parking area. A titled underground parking space is included with the property. Furniture may also be included, including the primary bedroom bed frame and mattress and TV stand. The building offers a fitness centre, visitor parking, snow removal, and elevator service. The unit is currently vacant and available for immediate possession. A great opportunity to enjoy top-floor condo living with mountain views and the convenience of Downtown Cochrane.

property details

type
Condo, Single Family
bedrooms
2
bathrooms
2
living area
931 sq ft
parking
1
year built
2006
property tax
$2,041 / yr
strata fee
$461 / mo ($0.50 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
17
MLS®
A2350740

features

  • Parking
  • Pets Allowed With Restrictions
  • Refrigerator
  • Dishwasher
  • Stove
  • Microwave Range Hood Combo

monthly cost

$1,939/mo
Mortgage $1,307 · Tax $170 · Strata $461

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

estimated payment
$1,307/ monthly
loan $240,000
25-year amortization
total interest
$152,121
land title fees
$640
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$60,640
down + land title fees
total paid
$392,121

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
−$281/mo
cap rate
4.1%
yearly net rent ÷ price

Costs: mortgage $1,307 · tax $170 · 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

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

listed by
Jason Streich
Real Broker
call Jason · 403-807-2204
Powered by: REALTOR.ca

similar homes nearby

location

Downtown, CochraneGoogle Maps ↗

property tax

about $1,972 a year

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

The listing shows $2,041 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.

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