#2103 1601 8 AV

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$199,000

#2103 1601 8 AV

Cold Lake North, Cold Lake · MLS® E4482052

1,234 sq ft · Condo · Single Family · built 2014 · 194 days on market

listed by Matthew Mountney, RE/MAX Prairie Realty

realtor's description

Cold lake North Condo, Walking distance to convenient store, beach, Marina, Restaurants, Mall and community center. Main level living, This unit has 3 BEDROOMS and 2 BATHROOMS. Open concept kitchen, dining and livingroom. Master bedroom with 3 piece ensuite, lots of counter space and walk in closet. Unit has in-suite laundry and a patio area with storage room. Condo includes 2 assigned parking stalls. Condo fee includes: Exterior maintenance, Insurance for Common Areas, landscape and snow removal, parking, reserve fund contribution, water, sewer and heat.

property details

type: Condo, Single Family
bedrooms: 3
bathrooms: 2
living area: 1,234 sq ft
parking: 0
year built: 2014
strata fee: $510 / mo ($0.41 / sq ft)
days on market: 194
MLS®: E4482052

features

No Smoking Home
Washer
Refrigerator
Dishwasher
Stove
Dryer

property tax

about $2,257 a year

The asking price times Cold Lake's 2026 residential rate of 11.34 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

$1,377/mo

Mortgage $867 · Strata $510

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

estimated payment

$867/ monthly

loan $159,200

25-year amortization

down payment20% · $39,80020%+ 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: $100,907
land title fees: $460; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $40,260; down + land title fees
total paid: $260,107

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: $1,520/mo
after all costs: −$14/mo
cap rate: 5.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $867 · strata $510 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Cold Lake: CMHC's average there ($1,472) raised 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