202, 248B Grosbeak Way

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$154,900

202, 248B Grosbeak Way

Eagle Ridge, Fort McMurray · MLS® A2330188

211

739 sq ft · Condo · Single Family · built 2011 · 99 days on market

listed by Jeromy Laporte, EXP REALTY

realtor's description

Welcome to this two-bedroom, second-floor condo in the desirable community of Eagle Ridge. This unit features an open-concept kitchen and living room, one full bathroom, in-suite laundry, and a private balcony with additional storage and great views. One parking stall is also included. Located close to schools, shopping, restaurants, and other amenities, this property is a great option for first-time buyers, investors, or anyone looking for low-maintenance living. Call today to schedule your personal showing!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 1
living area: 739 sq ft
parking: 1
year built: 2011
property tax: $810 / yr
strata fee: $637 / mo ($0.86 / sq ft)
strata rules: Pets Allowed With Restrictions
days on market: 99
MLS®: A2330188

features

Other
Pets Allowed With Restrictions
Refrigerator
Dishwasher
Range
Microwave

property tax

about $812 a year

The asking price times Regional Municipality of Wood Buffalo's 2026 residential rate of 5.24 per $1,000 (municipal and education).

The listing shows $810 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.

monthly cost

$1,380/mo

Mortgage $675 · Tax $68 · Strata $637

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

estimated payment

$675/ monthly

loan $123,920

25-year amortization

down payment20% · $30,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $78,545
land title fees: $380; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $31,360; down + land title fees
total paid: $202,465

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: $1,450/mo
after all costs: −$81/mo
cap rate: 4.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $675 · tax $68 · strata $637 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Wood Buffalo: CMHC's average there ($1,457) lowered 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