Downtown (St. Albert), St. Albert · MLS® E4511406
222
1,227 sq ft · Condo · Single Family · built 2010 · 22 days on market
listed by Pete Muller, RE/MAX Elite
A lot of what makes this one work is just outside the front door. Shops and restaurants are a few minutes on foot, the river and the Red Willow trails sit just behind them, and the Farmers Market runs down the street on Saturdays through the summer. The car can stay parked most days, and when you need it there are two stalls underground, which not every building this size offers. Up on the top floor the main space runs open, light maple floors carrying through, the kitchen at one end with granite counters and a bar that seats three, a gas fireplace under a white mantel at the other. The dining table sits between them, close enough to the stove that nobody has to leave the room. The primary takes a king, with a walk in closet and a four piece ensuite. A second bedroom and a four piece bath sit near the entry, the laundry room doubles as storage, and the unit comes with its own storage space in the building. The balcony faces south off the living room, with room for the table and the barbecue.
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $1,303 · strata $649 · 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
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$292,000
2025 assessment · market value as of July 1, 2024
From City of St. Albert open data (property information), matched to 406-5 Perron St. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $3,270 a year
The 2025 assessment times St. Albert's 2026 residential rate of 11.20 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.
Walkability 81/100 · Very walkable: most errands on foot
Within a 10 minute walk: 15 places to eat or drink, 3 cafes, 17 parks and playgrounds, 2 schools, 24 transit stops.
mihom score from OpenStreetMap places, by straight line distance.