#402 270 McConachie Dr NW

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$215,000

#402 270 McConachie Dr NW

McConachie Area, Edmonton · MLS® E4502667

222

971 sq ft · Condo · Single Family · built 2014 · 78 days on market

listed by Jackie Burgess, Royal LePage Noralta Real Estate

realtor's description

BEST OF THE BEST!!! TOP FLOOR, CORNER UNIT with 2 TITLED UNDERGROUND PARKING STALLS and one of the largest suites in the building! Sunlight pours into the living room thanks to extra corner windows, while cool AIR CONDITIONING keeps you comfortable all summer long. Love to entertain? The open-concept layout seamlessly connects a large dining area to a stylish kitchen boasting granite countertops, eating bar, rich espresso cabinetry and stainless appliances. Step outside onto your OVERSIZED PRIVATE CORNER BALCONY to soak in the views overlooking green space and school fields! You will love the convenient in suite laundry/storage room plus TONS OF EXTRA STORAGE including a flex space that’s perfect for your home office, deep freeze or sports gear, plus your personal storage room in the heated parkade. Some photos are virtually staged. All of this tucked away in a peaceful residential neighbourhood. This rare gem has it all!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 971 sq ft
parking: 2
year built: 2014
strata fee: $716 / mo ($0.74 / sq ft)
days on market: 78
MLS®: E4502667

features

No Animal Home
No Smoking Home
Washer
Refrigerator
Dishwasher
Stove

city assessment

$203,000

2026 assessment · market value as of July 1, 2025

Up 6.3% from $191,000 in 2025
$232,000 in 2016 (-13% over ten years)
Asking price is 6% above the assessment
Built 2014
Lot 100 m² (1,073 sq ft)
Floor area on the roll 969 sq ft

roll year	assessed
2026	$203,000
2025	$191,000
2024	$173,500
2023	$183,500
2022	$188,500
2021	$195,500
2020	$200,000
2019	$202,500

From City of Edmonton open data (property assessments), matched to #402 270 MCCONACHIE DRIVE NW. 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 $2,104 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

$1,653/mo

Mortgage $937 · Strata $716

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

estimated payment

$937/ monthly

loan $172,000

25-year amortization

down payment20% · $43,00020%+ 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: $109,020
land title fees: $490; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $43,490; down + land title fees
total paid: $281,020

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: $1,600/mo
after all costs: −$216/mo
cap rate: 4.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $937 · strata $716 · 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