South Business Park, Stony Plain · MLS® E4512924
221
757 sq ft · Condo · Single Family · built 2005 · 11 days on market
listed by Kim Malone, REMAX River City
This top floor 2 bedroom, 2 bathroom unit is MOVE IN READY! Perfect for investors, first time buyers, roommates or empty nesters wanting the lock and go lifestyle. The nicely laid out floor plan features a galley kitchen, a central dining and living room area with both bedrooms located on opposite sides, and a laundry/storage room. The primary bedroom has a large walk thru closet with access to the 4 piece ensuite. One of the largest parking stalls with an included storage shed is assigned to this unit in the heated underground parking. Completing this home is a private south facing balcony. Small pets are subject to approval and smoking is not permitted inside the complex. Conveniently located next to shopping, restaurants, hospital and easy access to highway 16A make this immaculate unit a MUST SEE!
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $740 · strata $506 · 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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about $1,603 a year
The asking price times Stony Plain's 2026 residential rate of 9.43 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.
Walkability 91/100 · Very walkable: most errands on foot
Within a 10 minute walk: 1 grocery store, 14 places to eat or drink, 3 cafes, 3 parks and playgrounds, 1 school, 2 pharmacies, 6 transit stops.
mihom score from OpenStreetMap places, by straight line distance.