#405 1204 156 ST NW

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$179,000

#405 1204 156 ST NW

South Terwillegar, Edmonton · MLS® E4513514

842 sq ft · Condo · Single Family · built 2007 · 5 days on market

listed by Wendy Theberge, RE/MAX Elite

realtor's description

Wow! Why not choose to live on the TOP FLOOR in a turnkey TWO BED/TWO BATH condo in the heart of desirable South Terwillegar? No one marching on top of you! This suite has a great floor plan. With an actual dining area and large living room. The bedrooms are a great size and separated by the Living/Dining/Kitchen areas. The master has a walk-through closet to your 4-piece bath and tons of shelving behind the door for linens. You will love your covered balcony complete with a gas line for the BBQ. Very secure building with a reasonable condo fee. Pets are allowed with board approval. An added bonus is plenty of visitor parking. Perfect for those cold winter days. Come home. Work out in the main floor gym and then kick your feet up and enjoy being on Top of the world!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 842 sq ft
parking: 0
year built: 2007
strata fee: $521 / mo ($0.62 / sq ft)
days on market: 5
MLS®: E4513514

features

See remarks
No Animal Home
Washer
Refrigerator
Dishwasher
Stove

city assessment

$199,000

2026 assessment · market value as of July 1, 2025

Up 9.6% from $181,500 in 2025
$239,500 in 2016 (-17% over ten years)
Asking price is 10% below the assessment
Built 2007
Lot 69 m² (743 sq ft)
Floor area on the roll 846 sq ft

roll year	assessed
2026	$199,000
2025	$181,500
2024	$157,000
2023	$164,500
2022	$171,500
2021	$178,500
2020	$179,000
2019	$185,500

From City of Edmonton open data (property assessments), matched to #405 1204 156 STREET 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 $2,062 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

$1,301/mo

Mortgage $780 · Strata $521

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

estimated payment

$780/ monthly

loan $143,200

25-year amortization

down payment20% · $35,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $90,766
land title fees: $425; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $36,225; down + land title fees
total paid: $233,966

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: $136/mo
cap rate: 6.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $780 · strata $521 · 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