#2203 901 16 ST

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$210,000

#2203 901 16 ST

Cold Lake North, Cold Lake · MLS® E4512579

1,200 sq ft · Condo · Single Family · built 2007 · 15 days on market

listed by Joanne Myhre Copeland, Coldwell Banker Lifestyle

realtor's description

Updated 1200 sf - 3 Bedroom & 2 bath Condo on 2nd floor - only 1 flight of stairs. Secure building, professionally Managed with Property Manager on site. 2 energized parking stalls right outside the building! Large Open concept floor plan.This modern kitchen has bright white cabinetry, a large eat in island, and a walk-in pantry. Neutral paint colors and Vinyl Plank Flooring throughout -no carpet. Living room grants access to private balcony with a green spaceview, very private. Unit has laundry room with storage. Access to the complex gym just across the parking lot. Close to Marina, walking trails and shopping mall. Opportunity awaits - excellent investment property.

property details

type: Condo, Single Family
bedrooms: 3
bathrooms: 2
living area: 1,200 sq ft
parking: 0
year built: 2007
strata fee: $520 / mo ($0.43 / sq ft)
days on market: 15
MLS®: E4512579

features

Private setting
Closet Organizers
No Smoking Home
Washer
Refrigerator
Dishwasher

property tax

about $2,382 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

$1,435/mo

Mortgage $915 · Strata $520

20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee 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: $1,520/mo
after all costs: −$72/mo
cap rate: 4.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $915 · strata $520 · 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