South Business Park, Stony Plain · MLS® E4511950
22
818 sq ft · Condo · Single Family · built 2008 · 18 days on market
listed by Aziz Dhamani, Exp Realty
PREFECT FOR FIRST-TIME HOME BUYERS OR INVESTORS!!! 3RD FLOOR unit in a very well-maintained building,- Underground parking - close to all amenities! This 2-bedroom / 2-bathroom corner unit condo is located on the 2nd Floor and is in excellent condition and impeccably clean! Comes with all appliances, this condo has a Big kitchen and it comes with 5 appliances & ample cabinet space, an open concept dining & living room area with a sliding door to the covered private balcony. This unit also comes with in-suite laundry, storage area, assigned underground heated parking stall & plenty of above-ground parking for visitors. This well-maintained building is a short walk to the Hospital, shopping, restaurants, park, walking trails, public transportation & close access to Highway 16A.
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $795 · strata $507 · 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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about $1,722 a year
The asking price times Stony Plain's 2026 residential rate of 9.43 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. Without the city's assessment this uses the asking price, so it's a rough guide.
Walkability 89/100 · Very walkable: most errands on foot
Within a 10 minute walk: 1 grocery store, 14 places to eat or drink, 3 cafes, 1 park or playground, 1 school, 2 pharmacies, 6 transit stops.
mihom score from OpenStreetMap places, by straight line distance.