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#237 400 Palisades Way
homes for sale · Sherwood Park · Centennial Village
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$259,900

#237 400 Palisades Way

Centennial Village, Sherwood Park · MLS® E4507007

22

1,072 sq ft · Condo · Single Family · built 2007 · 51 days on market

listed by Shannon Breen, Royal LePage Prestige Realty

realtor's description

Spacious 2-BEDROOM + DEN, 2-BATHROOM condo in a quiet CONCRETE 18+ building! FRESHLY PAINTED with BRAND NEW CARPET in the living room and bedrooms, this bright, move-in-ready home features an open-concept kitchen and living area with access to a PRIVATE COVERED BALCONY. The generous primary suite includes a walk-through closet and 3-piece ensuite. A second bedroom, full bathroom, separate laundry room and versatile den complete the functional layout. Includes a HEATED UNDERGROUND TITLED PARKING stall with a storage cage, conveniently located near the elevator. Building amenities include a fitness centre, sauna, theatre room, car wash, and social room, plus easy access to beautiful nearby walking trails!

property details

type
Condo, Single Family
bedrooms
2

similar homes nearby

bathrooms
2
living area
1,072 sq ft
parking
0
year built
2007
strata fee
$799 / mo ($0.75 / sq ft)
days on market
51
MLS®
E4507007

features

  • See remarks
  • Refrigerator
  • Dishwasher
  • Stove
  • Microwave Range Hood Combo
  • Window Coverings

monthly cost

$1,932/mo
Mortgage $1,132 · Strata $799

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

estimated payment
$1,132/ monthly
loan $207,920
25-year amortization
total interest
$131,788
land title fees
$570
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$52,550
down + land title fees
total paid
$339,708

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
$1,600/mo
after all costs
−$495/mo
cap rate
2.9%
yearly net rent ÷ price

Costs: mortgage $1,132 · 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

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Shannon Breen
Royal LePage Prestige Realty
call Shannon · 780-660-8862
Powered by: REALTOR.ca
▶ virtual tour

location

Centennial Village, Sherwood ParkGoogle Maps ↗

city assessment

$282,000

2026 assessment · market value as of July 1, 2025

  • Up 7.6% from $262,000 in 2025
  • Asking price is 8% below the assessment
  • Floor area on the roll 1,098 sq ft

From Strathcona County open data (property tax assessment), matched to 237, 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.

property tax

about $2,052 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.

location

Centennial Village, Sherwood ParkGoogle Maps ↗
Drive times
  • Archbishop Jordan Catholic High4 min
  • Holy Spirit Catholic Elementary5 min
  • Strathcona Community Hospital6 min
  • Lumen Cristi Catholic Education Center14 min
  • Downtown Edmonton22 min
  • YEG airport40 min
65

Walkability 65/100 · Walkable: many errands on foot

Within a 10 minute walk: 7 places to eat or drink, 2 cafes, 2 parks and playgrounds, 1 pharmacy, 9 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

#207 400 Palisades Wy, Sherwood Park
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Condo
$259,900
4methe deep dive
#207 400 Palisades Wy
Centennial Village, Sherwood Park1 day on market
listed by RE/MAX Elite
221,074 sq ft
MLS® E4514088
#425 400 Palisades Wy, Sherwood Park
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Condo
$314,900
4methe deep dive
#425 400 Palisades Wy
Centennial Village, Sherwood Park2 days on market
listed by RE/MAX Elite
22
#103 400 Palisades Wy, Sherwood Park
#103 400 Palisades Wy, Sherwood Park, photo 2
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Condo
$264,900
4methe deep dive
#103 400 Palisades Wy
Centennial Village, Sherwood Park38 days on market
listed by HonestDoor Inc
22
#210 501 Palisades Wy, Sherwood Park
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Condo
$319,900
4methe deep dive
#210 501 Palisades Wy
Centennial Village, Sherwood Park43 days on market
listed by Royal LePage Noralta Real Estate
22
#301 400 Palisades Wy, Sherwood Park
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Condo
$265,000
4methe deep dive
#301 400 Palisades Wy
Centennial Village, Sherwood Park43 days on market
listed by Royal Lepage Arteam Realty
22
#222 400 Palisades Wy, Sherwood Park
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Condo
$269,900
4methe deep dive
#222 400 Palisades Wy
Centennial Village, Sherwood Park50 days on market
listed by Real Broker
22
1,072 sq ft
MLS® E4513891
1
1,093 sq ft
MLS® E4509005
1
1,039 sq ft
MLS® E4508364
1
1,079 sq ft
MLS® E4508236
1,078 sq ft
MLS® E4507039