#419 226 Macewan Rd SW

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$154,500

#419 226 Macewan Rd SW

Macewan, Edmonton · MLS® E4513112

645 sq ft · Condo · Single Family · built 2005 · 9 days on market

listed by James Mabey, Century 21 Masters

realtor's description

Located in the established southwest Edmonton community of MacEwan, this top-floor, 1-bedroom condo offers just over 645 sq ft of comfortable living space in a well-situated building constructed in 2005. The functional layout includes a spacious living area, a comfortable bedroom, and a full 4-piece bathroom. An east-facing balcony provides generous outdoor space to enjoy the morning sun. Also included is one titled underground parking stall and an exclusive-use storage unit for added convenience. Residents have access to a fitness room and social room on the main floor, along with a secured building entrance. MacEwan offers convenient access to shopping, restaurants, parks, and walking trails, with nearby Anthony Henday Drive and Calgary Trail making it easy to get around the city. A practical, low-maintenance home in a connected south Edmonton neighbourhood. Some photos have been digitally staged.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 645 sq ft
parking: 0
year built: 2005
strata fee: $490 / mo ($0.76 / sq ft)
days on market: 9
MLS®: E4513112

features

Park/reserve
See remarks

city assessment

$149,000

2026 assessment · market value as of July 1, 2025

Up 7.6% from $138,500 in 2025
$185,500 in 2016 (-20% over ten years)
Asking price is 4% above the assessment
Built 2005
Lot 55 m² (597 sq ft)
Floor area on the roll 657 sq ft

roll year	assessed
2026	$149,000
2025	$138,500
2024	$122,000
2023	$132,000
2022	$143,000
2021	$153,000
2020	$154,500
2019	$158,500

From City of Edmonton open data (property assessments), matched to #419 226 MACEWAN ROAD SW. 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 $1,544 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

$1,163/mo

Mortgage $673 · Strata $490

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

estimated payment

$673/ monthly

loan $123,600

25-year amortization

down payment20% · $30,90020%+ 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: $78,343
land title fees: $380; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $31,280; down + land title fees
total paid: $201,943

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: −$2/mo
cap rate: 5.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $673 · strata $490 · 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