31 Ridgewood Terrace

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$230,000

31 Ridgewood Terrace

Braeside, St. Albert · MLS® A2324138

421

1,150 sq ft · Townhouse · Single Family · built 1970 · 113 days on market

listed by Cole Walker, CIR Realty

realtor's description

Beautiful and bright townhouse centrally located in the highly sought after Braeside subdivision. Excellent main floor that features a lovely family room, washroom, and beautiful kitchen and dining area. Upstairs there are three generous sized bedrooms and full bathroom. Downstairs features a nice sized family room, bedroom and laundry area complete with extra storage. The fully fenced back yard with deck that faces the Fowler Athletic Park and Sir Alexander Mackenzie School is another added perk. Whether your looking for your first home, investment property or just simply to downsize without giving up the amenities you've come to deserve, you can truly have it all right here

property details

type: Townhouse, Single Family
bedrooms: 4
bathrooms: 2
living area: 1,150 sq ft
parking: 1
year built: 1970
property tax: $2,249 / yr
strata fee: $367 / mo ($0.32 / sq ft)
days on market: 113
MLS®: A2324138

features

See remarks
Refrigerator
Dishwasher
Stove
Washer & Dryer

city assessment

$191,000

2025 assessment · market value as of July 1, 2024

Asking price is 20% above the assessment
Built 1970
Lot 305 m² (3,284 sq ft)

From City of St. Albert open data (property information), matched to 31 Ridgewood Terr. 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 $2,139 a year

The 2025 assessment times St. Albert's 2026 residential rate of 11.20 per $1,000 (municipal and education).

The listing shows $2,249 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.

monthly cost

$1,556/mo

Mortgage $1,002 · Tax $187 · Strata $367

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

estimated payment

$1,002/ monthly

loan $184,000

25-year amortization

down payment20% · $46,00020%+ 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: $116,626
land title fees: $515; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $46,515; down + land title fees
total paid: $300,626

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: $1,880/mo
after all costs: −$2/mo
cap rate: 5.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,002 · tax $187 · strata $367 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Edmonton: CMHC's average there ($1,802) 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