Centennial Village, Sherwood Park · MLS® E4507039
22
1,078 sq ft · Condo · Single Family · built 2007 · 50 days on market
listed by Jonathan Seeney, Real Broker
Freshly painted second-floor unit in a LUXURY concrete-and-steel low-rise designed for superior sound control. This beautifully appointed home includes in-suite laundry, a versatile den/office perfect for working from home, and an open-concept living area with a spacious kitchen, dining space, and living room with balcony access. Two bedrooms include a primary suite with a walk-through closet and private 3-piece ensuite, plus a 4-piece main bath. Palisades on the Park offers outstanding amenities: theatre room, fitness room, sauna, underground parking, car wash, guest suites, and two elevators. Professionally managed 18+ complex in Centennial Village — steps to Millennium Place Rec Centre and close to shopping, restaurants, and all conveniences. Move in and enjoy!
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $1,176 · strata $799 · 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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$290,000
2026 assessment · market value as of July 1, 2025
From Strathcona County open data (property tax assessment), matched to 222, 400 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 $2,110 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 68/100 · Walkable: many errands on foot
Within a 10 minute walk: 7 places to eat or drink, 2 cafes, 2 parks and playgrounds, 1 pharmacy, 11 transit stops.
mihom score from OpenStreetMap places, by straight line distance.