#26 10 Salisbury Wy, Sherwood Park — $395,000 · mihom.ca

city assessment

$428,000

2026 assessment · market value as of July 1, 2025

Down 2.9% from $441,000 in 2025
Asking price is 8% below the assessment
Floor area on the roll 1,367 sq ft

From Strathcona County open data (property tax assessment), matched to 26, 10 SALISBURY 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 $3,115 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.

monthly cost

$1,861/mo

Mortgage $1,721 · Strata $140

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

estimated payment

$1,721/ monthly

loan $316,000

25-year amortization

down payment20% · $79,00020%+ 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: $200,293
land title fees: $815; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $79,815; down + land title fees
total paid: $516,293

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: $1,880/mo
after all costs: −$306/mo
cap rate: 4.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,721 · strata $140 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Edmonton: CMHC's average there ($1,802) 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

#26 10 Salisbury Wy

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