Centennial Village, Sherwood Park · MLS® E4513891
22
1,072 sq ft · Condo · Single Family · built 2007 · 2 days on market
listed by Sonia Tarabay, RE/MAX Elite
~TOP FLOOR!~ GREAT VIEW! Welcome to Palisades on The Park! 18+ Adult building. This beautiful condo offers 2 BEDROOMS + DEN, PLUS A SEPARATE TITLED STORAGE ROOM ON 4TH FLOOR! Great layout featuring an open 1072 square feet with a spacious and bright living room. New vinyl plank flooring. Modern kitchen with beautiful cabinetry, all appliances, huge island plus dining area. Convenient in-suite laundry with pedestals. The Primary Bedroom features a 3-piece ensuite and walk-through closet. Another full size bathroom. Lovely balcony to enjoy! Air-conditioning too! ONE UNDERGROUND TITLED PARKING STALL WITH STORAGE IN FRONT. The condo fees include heat and water! Professionally managed CONCRETE building, with visitor parking. Palisades on the Park offers excellent amenities! Fitness room, sauna, Theatre room, underground parking, car wash, guest suites, and two elevators. Close to Millennium Place, shops, restaurants and walking trails. Immediate possession is available! Visit REALTOR® website for information.
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $1,372 · strata $811 · 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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$296,000
2026 assessment · market value as of July 1, 2025
From Strathcona County open data (property tax assessment), matched to 425, 400 PALISADES WY. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $2,154 a year
The 2026 assessment times Strathcona County's 2026 residential rate of 7.28 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 68/100 · Walkable: many errands on foot
Within a 10 minute walk: 7 places to eat or drink, 2 cafes, 2 parks and playgrounds, 1 pharmacy, 10 transit stops.
mihom score from OpenStreetMap places, by straight line distance.