Magrath Heights, Edmonton · MLS® E4504823
222
1,140 sq ft · Condo · Single Family · built 2023 · 65 days on market
listed by Matthew Gaglione, RE/MAX Real Estate
Absolutely stunning 3rd floor condo with ravine view and two parking stalls! This immaculately maintained two bedroom, two bathroom unit has many features and upgrades including custom built-in cabinetry throughout, quartz counters and natural gas cooktop, oversized balcony with a natural gas BBQ hookup that faces Whitemud Creek, 9’ ceilings, built-in fireplace, stainless steel appliances, an underground parking stall with storage cage in front as well as an outdoor parking stall right by the entrance to the building. This pet friendly complex (allows 2 pets, dogs or cats), has a tremendous amount of amenities including a large games and social room, spacious gym, pet wash area, rooftop patio, guest suites that may be rented out, and walking paths/seating areas outdoors surrounded by greenspace and a community garden. There is so much more that sets this property apart and truly must be seen to be appreciated!
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $2,396 · strata $633 · 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
Catchment schools, Edmonton Public Schools
24559.4 km away · 4132 MacTaggart Drive NW, Edmonton · (587) 489-4702 · website
24559.4 km away · 4132 MacTaggart Drive NW, Edmonton · (587) 489-4702 · website
24561.1 km away · 15312 23 Avenue, Edmonton · (780) 391-2450 · website
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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Rapid transit: Century Park LRT station, 2.5 km (about 39 min walk).
$506,000
2026 assessment · market value as of July 1, 2025
From City of Edmonton open data (property assessments), matched to #312 7471 MAY COMMON NW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $5,244 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.
Rapid transit: Century Park LRT station, 2.5 km (about 39 min walk).
Walkability 38/100 · Mostly by car
Within a 10 minute walk: 4 parks and playgrounds, 11 transit stops.
mihom score from OpenStreetMap places, by straight line distance.