Centennial Village, Sherwood Park · MLS® E4514088
22
1,074 sq ft · Condo · Single Family · built 2007 · 1 day on market
listed by Tim Willson, RE/MAX Elite
Palisades on the Park is a special adult building (18+) - and this spacious two-bedroom plus den unit is priced to sell. A beautiful building with appealing amenities like a theatre room, library, sauna-steam room, games room, gym, two guest suites, secure, underground parking, and even a car wash in the underground parkade - THIS is home for your next chapter! The kitchen in this unit features almost 20-feet of stone countertops, with lots of room for cooking and baking as well as plenty of storage. The living room is open to the dining area and kitchen, and opens onto a private balcony with a natural gas BBQ connection. The primary suite is ideal as well, with a walk-through closet and a terrific ensuite bath with walk-in shower and a large vanity. The underground parking stall has a storage unit in front, and small pets are welcome in this building. This is a great opportunity for gracious and affordable condo living in Sherwood Park!
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $1,132 · strata $799 · 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
Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.
about $1,891 a year
The asking price times Strathcona County's 2026 residential rate of 7.28 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 66/100 · Walkable: many errands on foot
Within a 10 minute walk: 7 places to eat or drink, 2 cafes, 2 parks and playgrounds, 1 pharmacy, 9 transit stops.
mihom score from OpenStreetMap places, by straight line distance.