#312 3207 James Mowatt Trail SW

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$149,000

#312 3207 James Mowatt Trail SW

Allard, Edmonton · MLS® E4502295

581 sq ft · Condo · Single Family · built 2016 · 80 days on market

listed by Hena Patel, RE/MAX Excellence

realtor's description

Welcome to this well maintained condo located in the heart of Allard. This bright and modern unit offers an open-concept layout with large windows, providing plenty of natural light throughout. The kitchen features sleek cabinetry, stainless steel appliances, and a functional island perfect for meal prep or entertaining. Enjoy a spacious living area with access to a private balcony, in-suite laundry and ample storage add to the convenience. This well-managed building includes titled parking and is located just steps from schools, parks, public transit, and the growing amenities of Heritage Valley. Perfect for first-time buyers, downsizers, or investors—move-in ready and waiting for you!

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 581 sq ft
parking: 0
year built: 2016
strata fee: $358 / mo ($0.62 / sq ft)
days on market: 80
MLS®: E4502295

features

Park/reserve
Washer
Refrigerator
Dishwasher
Stove
Dryer

city assessment

$143,500

2026 assessment · market value as of July 1, 2025

Up 12.5% from $127,500 in 2025
$86,000 in 2016 (67% over ten years)
Asking price is 4% above the assessment
Built 2016
Lot 60 m² (647 sq ft)
Floor area on the roll 574 sq ft

roll year	assessed
2026	$143,500
2025	$127,500
2024	$115,000
2023	$114,000
2022	$119,000
2021	$133,500
2020	$136,000
2019	$140,000

From City of Edmonton open data (property assessments), matched to #312 3207 JAMES MOWATT TRAIL SW. 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 $1,487 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

$1,007/mo

Mortgage $649 · Strata $358

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

estimated payment

$649/ monthly

loan $119,200

25-year amortization

down payment20% · $29,80020%+ 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: $75,554
land title fees: $370; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $30,170; down + land title fees
total paid: $194,754

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: $154/mo
cap rate: 6.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $649 · strata $358 · 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

location

Allard, EdmontonGoogle Maps ↗

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 9 Dr. Lila Fahlmanhomes in this catchment
24549.0 km away · 680 Allard Boulevard SW, Edmonton · (587) 489-4710 · website
Middle K to Gr 9 Dr. Lila Fahlmanhomes in this catchment
24549.0 km away · 680 Allard Boulevard SW, Edmonton · (587) 489-4710 · website
Secondary Gr 10-12 Dr Anne Andersonhomes in this catchment
200 m away · 11810 35 Avenue SW, Edmonton

From the Edmonton Public Schools's published catchment maps (2021, the latest published). A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

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