#305 70 Woodsmere

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$134,900

#305 70 Woodsmere

Westpark_FSAS, Fort Saskatchewan · MLS® E4508638

111

757 sq ft · Condo · Single Family · built 2005 · 40 days on market

listed by Doug McRae, RE/MAX Professionals

realtor's description

Great starter or investment property in Fort Gardens, close to everything. One bedroom unit, 757 sq ft, good sized living room with patio doors out to the East-facing balcony, dining room just off the galley kitchen. Large bedroom, 4-piece bath and insuite laundry room. Needs some patching and decorating, quick possession is available

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 757 sq ft
parking: 1
year built: 2005
strata fee: $456 / mo ($0.60 / sq ft)
days on market: 40
MLS®: E4508638

features

See remarks

property tax

about $1,067 a year

The asking price times Fort Saskatchewan's 2026 residential rate of 7.91 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.

monthly cost

$1,044/mo

Mortgage $588 · Strata $456

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

estimated payment

$588/ monthly

loan $107,920

25-year amortization

down payment20% · $26,98020%+ 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: $68,404
land title fees: $345; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $27,325; down + land title fees
total paid: $176,324

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: $1,300/mo
after all costs: $117/mo
cap rate: 6.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $588 · strata $456 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Edmonton: CMHC's average there ($1,301) 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