#405 2620 Mill Woods Rd E NW

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$124,900

#405 2620 Mill Woods Rd E NW

Weinlos, Edmonton · MLS® E4496226

111

616 sq ft · Condo · Single Family · built 1981 · 118 days on market

listed by Doug Donnelly, Royal LePage Noralta Real Estate

realtor's description

Extensive Renovations in this beautiful top floor apartment condo located in desired community of Weinlos. Renos include a brand new kitchen with upgraded cabinetry, new counter tops and sink , new flooring which include carpet and vinyl plank, freshly painted though out the entire unit. Features include a nice kitchen with plenty of cupboard space, storage area, large bedroom, 4 piece bath, dining area and a living room with a west facing balcony. What a great place to call home and is a real pleasure to show.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 616 sq ft
parking: 1
year built: 1981
strata fee: $381 / mo ($0.62 / sq ft)
days on market: 118
MLS®: E4496226

features

Flat site
Refrigerator
Dishwasher
Stove
Hood Fan

property tax

about $1,294 a year

The asking price 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. Without the city's assessment this uses the asking price, so it's a rough guide.

monthly cost

$925/mo

Mortgage $544 · Strata $381

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

estimated payment

$544/ monthly

loan $99,920

25-year amortization

down payment20% · $24,98020%+ 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: $63,333
land title fees: $325; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $25,305; down + land title fees
total paid: $163,253

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: $1,300/mo
after all costs: $236/mo
cap rate: 7.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $544 · strata $381 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Edmonton: CMHC's average there ($1,301) 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