Cold Lake North, Cold Lake · MLS® E4502069
31
856 sq ft · Condo · Single Family · built 1984 · 82 days on market
listed by Cat Walker, Royal Lepage Northern Lights Realty
Kinosoo Beach is just steps away from this well-located 3 bedroom condo—an ideal option for first-time buyers or investors. This 3-bed floor plan offers plenty of room and potential. The open kitchen, dining, and living area is bright and functional, with south-facing natural light from the balcony’s sliding doors, with a view of the beach. In-suite laundry is conveniently located off the entry with extra storage space. The unit includes two energized parking stalls in the recently repaved lot. Condo fees include heat, water, sewer, exterior maintenance, and snow removal, keeping monthly costs manageable. A great opportunity to update over time, in a location close to the lake, parks, pathways, and Cold Lake’s best summer amenities.
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $475 · strata $304 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 3+ bedroom in Cold Lake: CMHC's average there ($1,472) 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
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about $1,237 a year
The asking price times Cold Lake's 2026 residential rate of 11.34 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 35/100 · Mostly by car
Within a 10 minute walk: 9 parks and playgrounds.
mihom score from OpenStreetMap places, by straight line distance.