#204 237 Woodvale RD W NW

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$132,000

#204 237 Woodvale RD W NW

Hillview, Edmonton · MLS® E4513977

211

1,011 sq ft · Condo · Single Family · built 1978 · 2 days on market

listed by Mohita Chowdhary, Exp Realty

realtor's description

Welcome to Hillview! Welcome to this upgraded condo unit in Gardenwood Terrace! Offering 2 bedrooms, 1 bathroom, and 1,011 sq. ft. of comfortable living space. Featuring a functional layout with plenty of room to relax and entertain, this property is conveniently situated close to shopping, restaurants, public transit, parks, and other everyday amenities. An attractive investment opportunity for investors, first-time homebuyers, or downsizers looking for comfort and convenience in a great location!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 1
living area: 1,011 sq ft
parking: 1
year built: 1978
strata fee: $480 / mo ($0.47 / sq ft)
days on market: 2
MLS®: E4513977

features

Park/reserve
Refrigerator
Stove
Microwave
Hood Fan
Window Coverings

property tax

about $1,368 a year

The asking price times Edmonton's 2026 residential rate of 10.36 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.

monthly cost

$1,055/mo

Mortgage $575 · Strata $480

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

estimated payment

$575/ monthly

loan $105,600

25-year amortization

down payment20% · $26,40020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $66,933
land title fees: $345; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $26,745; down + land title fees
total paid: $172,533

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: $1,600/mo
after all costs: $382/mo
cap rate: 8.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $575 · strata $480 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Edmonton: CMHC's average there ($1,598) 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