#302 3715 Whitelaw Ln NW

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$179,900

#302 3715 Whitelaw Ln NW

Windermere, Edmonton · MLS® E4512781

222

812 sq ft · Condo · Single Family · built 2011 · 11 days on market

listed by Don McKay, Royal LePage Prestige Realty

realtor's description

Investors and homeowners alike will appreciate this well-maintained third-floor condominium offering an excellent combination of comfort, convenience, and long-term value. Featuring 2 spacious bedrooms and 2 full bathrooms, this bright and functional unit has a proven strong rental history, making it an attractive investment opportunity. Enjoy the convenience of two parking stalls, including one heated underground stall and one surface stall. The building is professionally managed with on-site management and offers desirable amenities including a fitness facility for residents. Situated in a sought-after neighbourhood, the property is surrounded by beautifully maintained grounds and is close to schools, shopping, restaurants, parks, and everyday amenities. Whether you're looking to expand your investment portfolio or secure a low-maintenance home in a prime location, this exceptional property is worthy of your attention.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 812 sq ft
parking: 2
year built: 2011
strata fee: $560 / mo ($0.69 / sq ft)
days on market: 11
MLS®: E4512781

features

Park/reserve
Washer
Refrigerator
Dishwasher
Stove
Dryer

city assessment

$185,000

2026 assessment · market value as of July 1, 2025

Up 6.3% from $174,000 in 2025
$241,500 in 2016 (-23% over ten years)
Asking price is 3% below the assessment
Built 2011
Lot 83 m² (890 sq ft)
Floor area on the roll 807 sq ft

roll year	assessed
2026	$185,000
2025	$174,000
2024	$160,000
2023	$159,500
2022	$166,500
2021	$166,500
2020	$178,000
2019	$199,000

From City of Edmonton open data (property assessments), matched to #302 3715 WHITELAW LANE NW. 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 $1,917 a year

The 2026 assessment times Edmonton's 2026 residential rate of 10.36 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

$1,344/mo

Mortgage $784 · Strata $560

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

estimated payment

$784/ monthly

loan $143,920

25-year amortization

down payment20% · $35,98020%+ 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: $91,222
land title fees: $425; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $36,405; down + land title fees
total paid: $235,142

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: $93/mo
cap rate: 5.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $784 · strata $560 · 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