Summerwood, Sherwood Park · MLS® E4503595
221
861 sq ft · Condo · Single Family · built 2008 · 72 days on market
listed by Tarah Frig, Exp Realty
Priced under $200,000.Must see! Picture a weekend where your biggest decision is the trail or the balcony. This is easy, move-in-ready living in Summerwood, 1 of Sherwood Park's most connected communities. Start the morning w coffee on your own balcony, & when the sun's out the included BBQ is right there for grilling season. Get where you're going without the headache: Highway 21 & the Yellowhead are minutes out, so you spend less time driving & more time actually living. Errands barely register w Emerald Hills Centre & Sherwood Park Mall up the road & the hospital a 3-minute drive. Come home to a bright 2-bedroom, 2-bathroom layout that simply works, in-suite laundry that's yours alone (no coins, no waiting on the building's machines), & a private primary retreat w a walk-in closet & ensuite to close out the day. With heat & water built into the condo fee, your costs stay predictable & your weekends stay yours. Lock the door & go. Whether it's your first place, a simpler chapter, or an investment.
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $871 · strata $374 · 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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Walkability 74/100 · Walkable: many errands on foot
Within a 10 minute walk: 2 grocery stores, 5 places to eat or drink, 2 cafes, 11 parks and playgrounds, 2 pharmacies, 13 transit stops.
mihom score from OpenStreetMap places, by straight line distance.
$197,000
2026 assessment · market value as of July 1, 2025
From Strathcona County open data (property tax assessment), matched to 217, 40 SUMMERWOOD BLVD. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $1,434 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.