Centennial Village, Sherwood Park · MLS® E4508236
221
1,079 sq ft · Condo · Single Family · built 2007 · 43 days on market
listed by Bernie Krec, Royal Lepage Arteam Realty
Welcome to The Palisades! This spacious 2-bedroom + den, 2-bathroom condo offers a fantastic layout with plenty of upgrades. The kitchen features granite countertops, undermount sinks and ceramic tile flooring that continues through the dining area and bathrooms. Bedrooms are thoughtfully separated by the living room, ideal for guests or roommates. The primary bedroom features a private ensuite and large walk-in closet, while the second bedroom is conveniently located next to the second full bath. The den is perfect for a home office or hobby room. Enjoy a large balcony with gas BBQ line and morning sun. Incredible building amenities include an exercise room, steam/sauna, theatre, social room with big-screen TV and pool table, car wash and guest suites. Excellent value in a quality concrete and steel complex!
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $1,155 · strata $776 · 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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$293,000
2026 assessment · market value as of July 1, 2025
From Strathcona County open data (property tax assessment), matched to 301, 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 $2,132 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.