Eagle Ridge, Fort McMurray · MLS® A2352980
221
926 sq ft · Condo · Single Family · built 2011 · 8 days on market
listed by BRETT CAMPBELL, ROYAL LEPAGE BENCHMARK
Investor Alert! 2 Bedroom + Den in Eagle Ridge!An excellent opportunity for investors seeking a property with strong rental appeal in the established neighbourhood of Eagle Ridge. This 926 sq ft top-floor unit offers a functional open-concept layout featuring 2 bedrooms plus a den, which could potentially be converted into a third bedroom. The primary bedroom includes a private 4-piece ensuite, complemented by a second 4-piece bathroom. Additional features include in-suite laundry, ample living space, a private storage locker off the deck, and one assigned parking stall. Ideally located within walking distance to shopping, schools, public transit, parks, and everyday amenities, this property offers convenience and flexibility for tenants. Whether you're expanding your rental portfolio or looking for an investment with versatile living space, this Eagle Ridge condo is worth a look!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $643 · tax $69 · strata $638 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 2-bedroom in Wood Buffalo: CMHC's average there ($1,457) lowered by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (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
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about $773 a year
The asking price times Regional Municipality of Wood Buffalo's 2026 residential rate of 5.24 per $1,000 (municipal and education).
The listing shows $831 a year in property tax.
Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.
Walkability 46/100 · Somewhat walkable: some errands on foot
Within a 10 minute walk: 3 places to eat or drink, 3 cafes, 11 parks and playgrounds, 1 school.
mihom score from OpenStreetMap places, by straight line distance.