Condo
$199,950
#217 40 Summerwood BV
Summerwood, Sherwood Park72 days on market
listed by Exp Realty
MLS® E4503595
#310 42 Summerwood Bv
$210,000
#310 42 Summerwood Bv
Summerwood, Sherwood Park · MLS® E4512757
22
749 sq ft · Condo · Single Family · built 2007 · 11 days on market
listed by Andy Verhagen, RE/MAX Elite
realtor's description
Attention First Time Home Buyers, Investors, and Snowbirds! This condo is the perfect investment for you! Nestled in the beautiful neighbourhood of Summerwood which is within walking distance of shopping, groceries, transit, and trails, this home is sure to impress! As you arrive to this third floor unit, you will immediately notice the UPDATED luxurious vinyl plank flooring that floods the open concept kitchen and living room! The U-shaped kitchen has a great amount of counter and cupboard space for all of your cooking needs! Just off the kitchen you will find the dining nook that can also be used for a den, or for extra storage! The living room has large WEST facing windows that overlooks you spacious balcony! This condo is also home to two great size bedrooms and two 4pc bathrooms, so no one has to share! You will also find a stackable washer and dryer in your unit as well! Now the cherry on top is the HEATED UNDERGROUND parking stall that is titled to you! Do not miss out on this great opportunity!
property details
- type
- Condo, Single Family
- bedrooms
- 2
- bathrooms
- 2
- living area
- 749 sq ft
- parking
- 0
- year built
- 2007
- strata fee
- $328 / mo ($0.44 / sq ft)
- days on market
- 11
- MLS®
- E4512757
features
- Flat site
- No Animal Home
- No Smoking Home
- Washer
- Refrigerator
- Dishwasher
monthly cost
$1,243/mo
Mortgage $915 · Strata $328
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
if you rented it out
- rent
- $1,600/mo
- after all costs
- $194/mo
- cap rate
- 6.3%
- yearly net rent ÷ price
Costs: mortgage $915 · strata $328 · 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
location
Summerwood, Sherwood ParkGoogle Maps ↗
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