Michaels Park, Edmonton · MLS® E4505921
321
1,038 sq ft · Condo · Single Family · built 1976 · 58 days on market
listed by Tabraz Sadruddin, MaxWell Polaris
Welcome to Spruce Corner Villa in the community of Michaels Park. Attention first time home buyers or investors! These 3 beds, 1.5 bath unit is conveniently located in a welcoming community. The open-concept layout is perfect for relaxation & entertaining, with large windows filling the space with natural light with access to an oversized south facing balcony. Located within walking distance to excellent schools, playgrounds, FreshCo, Shoppers Drug Mart, & Timmy's makes daily life a breeze. With secure entry, easy access to public transportation, parks & dining options, this condo offers the perfect blend of comfort & convenience. Don’t miss this opportunity, priced to sell! One designated assigned outdoor parking spot. Some images have been virtually staged.
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $719 · strata $554 · insurance ~$35 · 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
Catchment schools, Edmonton Public Schools
24555.1 km away · 440 Millbourne Road East NW, Edmonton · (780) 462-3230 · website
24555.7 km away · 8308 Millwoods Road NW, Edmonton · (780) 462-3310 · website
24554.3 km away · 2707 Millwoods Road NW, Edmonton · (780) 462-3322 · 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: Millbourne/Woodvale LRT station, 700 m (about 11 min walk); Grey Nuns LRT station, 1.7 km (about 27 min walk).
$131,000
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $131,000 |
| 2025 | $117,500 |
| 2024 | $105,500 |
| 2023 | $112,500 |
| 2022 | $112,000 |
| 2021 | $114,000 |
| 2020 | $129,000 |
| 2019 | $145,000 |
From City of Edmonton open data (property assessments), matched to #4 3851 76 STREET NW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $1,358 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: Millbourne/Woodvale LRT station, 700 m (about 11 min walk); Grey Nuns LRT station, 1.7 km (about 27 min walk).
Walkability 78/100 · Walkable: many errands on foot
Within a 10 minute walk: 1 grocery store, 4 places to eat or drink, 2 cafes, 7 parks and playgrounds, 4 schools, 1 pharmacy, 28 transit stops.
mihom score from OpenStreetMap places, by straight line distance.