Forest Lawn (St. Albert), St. Albert · MLS® E4514175
43
1,042 sq ft · Townhouse · Single Family · built 1973 · listed today
listed by Sharon Ryan, RE/MAX Elite
NO CONDO FEES!! RENTAL INCOME potential with LEGAL BSMT SUITE. ATTENTION SENIORS, INVESTORS, FIRST TIME HOME BUYERS. AMAZING BUNGALOW, HALF DUPLEX IN ST. ALBERT WITH LEGAL BASEMENT SUITE! Don't miss this rare opportunity to buy in one of St. Albert's most cherished communities - Forest Lawn -on a quiet crescent. Live upstairs and rent out the beautifully, newly renovated legal basement suite! Three bedrooms and 1.5 bathrooms upstairs WITH a full, one bedroom suite with 4 piece bathroom in basement. Main bath has quartz countertops. Newer triple pane windows, updated kitchen with maple cabinets and stainless steel appliances, newer gorgeous vinyl floors. BASEMENT NEWLY RENOVATED with income potential. Many more upgrades! MORTGAGE HELPER! INCOME EARNING. Washer, dryer, fridge, stove - only 1 yr. old! New weeping tile installed along portions of 2 foundation walls, together w. new parging and improved grading. Private yard w. 2 sheds, garden and raspberry bushes.
20% down at 4.34% fixed (Ratehub.ca), 25 years.
Costs: mortgage $1,416 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 3+ bedroom in Edmonton: CMHC's average there ($1,802) raised by what new tenants pay against everyone in the Edmonton 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
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about $3,638 a year
The asking price times St. Albert's 2026 residential rate of 11.20 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.
Walkability 57/100 · Somewhat walkable: some errands on foot
Within a 10 minute walk: 1 place to eat or drink, 21 parks and playgrounds, 6 schools, 20 transit stops.
mihom score from OpenStreetMap places, by straight line distance.
nothing comparable on the market right now.