220 First Street E

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$949,000

220 First Street E

Downtown, Cochrane · MLS® A2279789

416

1,274 sq ft · 22,216 sq ft lot · House · Single Family · built 1946 · 282 days on market

listed by Cheryl Vanderwater, First Place Realty

realtor's description

Unique Property!! NEW PRICE!! Attention business owners and developers!! One of a kind DOUBLE LOT on main street. Residential Mixed Use Zoning allows for many different possibilities. Back alley access!! Original home built in 1946 with total of 4 bedrooms, full piece bathroom, utility room, cold room, dining room with loads of light and a large living room with wood burning fireplace. The substantial yard includes; gardens, sheds, heated shop, double detached garage, and room for lots of parking if needed. Don’t wait on this one!!

property details

type: House, Single Family
bedrooms: 4
bathrooms: 1
living area: 1,274 sq ft
lot: 22,216 sq ft
parking: 6
year built: 1946
property tax: $4,519 / yr
days on market: 282
MLS®: A2279789

features

See remarks
Back lane
Refrigerator
Gas stove(s)

property tax

about $6,238 a year

The asking price times Cochrane's 2026 residential rate of 6.57 per $1,000 (municipal and education).

The listing shows $4,519 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

$4,511/mo

Mortgage $4,135 · Tax $377

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

estimated payment

$4,135/ monthly

loan $759,200

25-year amortization

down payment20% · $189,80020%+ 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: $481,211
land title fees: $1,810; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $191,610; down + land title fees
total paid: $1,240,411

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.