207 Centre Avenue NE

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$210,000

207 Centre Avenue NE

Milk River · MLS® A2236730

223

1,705 sq ft · 3,120 sq ft lot · Townhouse · Single Family · built 1991 · 478 days on market

listed by Louis Balog, RE/MAX REAL ESTATE - LETHBRIDGE

realtor's description

Really great townhouse for sale in Milk River! 2 bedroom with additional office/computer room. 2 bathroom, 1 up and 1 down. New central a/c unit installed last June. Attached single rear garage with new epoxy coated floor. Some improvements throughout the home including lighting and keyless door handles/locks and flooring. 2 separate living rooms, 1 upstairs in the main living area and 1 downstairs. New paint in the basement living room. Located across the street from the Milk River golf course, grocery store, home hardware and more! All stainless steel appliances included. Good low maintenence home.

property details

type: Townhouse, Single Family
bedrooms: 2
bathrooms: 2
living area: 1,705 sq ft
lot: 3,120 sq ft
parking: 3
year built: 1991
property tax: $2,262 / yr
days on market: 478
MLS®: A2236730

features

Back lane
Golf Course Development
Fishing
Washer
Refrigerator
Dishwasher

property tax

about $2,657 a year

The asking price times Milk River's 2026 residential rate of 12.65 per $1,000 (municipal and education).

The listing shows $2,262 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

$1,103/mo

Mortgage $915 · Tax $188

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

estimated payment

$915/ monthly

loan $168,000

25-year amortization

down payment20% · $42,00020%+ 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: $106,485
land title fees: $480; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $42,480; down + land title fees
total paid: $274,485

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: $1,660/mo
after all costs: $249/mo
cap rate: 6.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $915 · tax $188 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Alberta: CMHC's average there ($1,670) 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