Magrath Heights, Edmonton · MLS® E4513142
222
1,195 sq ft · Condo · Single Family · built 2005 · 10 days on market
listed by Chris Artindale, Real Broker
Welcome to Magrath Mansion, where comfortable condo living meets an exceptional lifestyle! Located in a fantastic community, this well-maintained building offers an impressive selection of amenities designed to make everyday living more enjoyable. This two-bedroom condo offers comfortable living space, with the added convenience of two underground parking stalls and additional storage, a rare and valuable combination. Residents can enjoy an outstanding range of amenities, including a private movie theatre, hot tub, fitness centre, outdoor grilling area, and an inviting lounge complete with a kitchen, perfect for entertaining friends and family. Whether you’re looking to stay active, relax after a long day, or host a gathering, there’s something for everyone. With its desirable location, excellent building amenities, and the added value of two underground parking stalls, this is an excellent opportunity to enjoy convenient, low-maintenance living in McGrath Heights.
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $1,481 · strata $808 · 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
Catchment schools, Edmonton Public Schools
24560.8 km away · 4132 MacTaggart Drive NW, Edmonton · (587) 489-4702 · website
24560.8 km away · 4132 MacTaggart Drive NW, Edmonton · (587) 489-4702 · website
24562.4 km away · 15312 23 Avenue, Edmonton · (780) 391-2450 · website
From the Edmonton Public Schools's published catchment maps (2021, the latest published). A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
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$299,500
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $299,500 |
| 2025 | $279,000 |
| 2024 | $249,500 |
| 2023 | $251,000 |
| 2022 | $263,000 |
| 2021 | $285,500 |
| 2020 | $280,000 |
| 2019 | $298,000 |
From City of Edmonton open data (property assessments), matched to #425 160 MAGRATH ROAD NW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $3,104 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.
Walkability 81/100 · Very walkable: most errands on foot
Within a 10 minute walk: 1 grocery store, 13 places to eat or drink, 3 cafes, 6 parks and playgrounds, 1 pharmacy, 37 transit stops.
mihom score from OpenStreetMap places, by straight line distance.