Centennial Village, Sherwood Park · MLS® E4508364
221
1,039 sq ft · Condo · Single Family · built 2008 · 43 days on market
listed by Doug Singleton, Royal LePage Noralta Real Estate
PALISADES ON THE RAVINE! Discover the perfect blend of comfort, privacy & convenience in this quiet, steel & concrete, 18+ adult condo in the heart of Sherwood Park. This beautifully designed 1,039 sq. ft. suite features an open-concept floor plan with a spacious kitchen offering abundant cabinetry, generous counter space & a walk-in pantry. The adjoining dining area flows seamlessly into the inviting living room, which opens onto a south-facing balcony overlooking a peaceful, treed walkway. The generous primary bedroom features a walk-in closet and private 3-piece ensuite, while the well-separated second bedroom provides excellent privacy for guests or a roommate. A versatile den, full bathroom and convenient in-suite laundry complete the home. One under ground parking stall & storage locker complete the property. Residents enjoy access to an exercise room and social/games room, while the location puts shopping, walking paths, Millennium Place & all the amenities of Sherwood Park just minutes away.
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $1,394 · strata $707 · 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
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$264,000
2026 assessment · market value as of July 1, 2025
From Strathcona County open data (property tax assessment), matched to 210, 501 PALISADES WY. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $1,921 a year
The 2026 assessment 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.
Walkability 69/100 · Walkable: many errands on foot
Within a 10 minute walk: 8 places to eat or drink, 2 cafes, 2 parks and playgrounds, 1 pharmacy, 8 transit stops.
mihom score from OpenStreetMap places, by straight line distance.