302, 3 501 Street

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$165,000

302, 3 501 Street

Fox Creek · MLS® A2287139

212

883 sq ft · Condo · Single Family · built 2007 · 249 days on market

listed by CATHY WILTSE, Exit Realty Results

realtor's description

This home will have you living like royalty.. From the beautiful ceramic tile floors and cherry stained hardwood throughout the rest of the condo. Large kitchen with island and lots of cupboards and counter space, gas fireplace creates cozy living area with patio doors to very private. Two great size bedrooms and full bath. Located on the third floor, in the rear of the building. Your condo fees will include Satellite system, heat, building insurance, interior & exterior maintenance water, sewer, garbage pickup & your monthly contributionto the reserve fund. Just a great way to live.. 2 parking stalls for you. ALL FURATURE WILL STAY WITH HOME !!!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 1
living area: 883 sq ft
parking: 2
year built: 2007
property tax: $1,780 / yr
strata fee: $380 / mo ($0.43 / sq ft)
strata rules: Pets Allowed
days on market: 249
MLS®: A2287139

features

French door
Golf Course Development
Pets Allowed
Refrigerator
Dishwasher
Stove

property tax

about $2,363 a year

The asking price times Fox Creek's 2026 residential rate of 14.32 per $1,000 (municipal and education).

The listing shows $1,780 a year in property tax.

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

$1,247/mo

Mortgage $719 · Tax $148 · Strata $380

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

estimated payment

$719/ monthly

loan $132,000

25-year amortization

down payment20% · $33,00020%+ 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: $83,667
land title fees: $400; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $33,400; down + land title fees
total paid: $215,667

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: $1,660/mo
after all costs: $245/mo
cap rate: 7.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $719 · tax $148 · strata $380 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Alberta: CMHC's average there ($1,670) lowered 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