Magrath Heights, Edmonton · MLS® E4511367
222
1,196 sq ft · Condo · Single Family · built 2005 · 23 days on market
listed by Jeneen Marchant, RE/MAX Real Estate
Looking to downsize before winter hits? Now is your chance! This 1,196 sq.ft. 2 bedroom PLUS DEN, ADULT LIVING 55+ condo has DOUBLE STORAGE (a cage underground & 11x6 ft room on your floor), and DOUBLE PARKING (one inside and one outside)! You won't feel like you are losing any space as this TOP FLOOR unit has so much room! You come home and are greeted by the open concept of the large kitchen, dining area, and living room with gas fireplace. The den is just off of the entry, so you can use it as an office, mud room, craft room, etc. The bedrooms are on either side of the unit for privacy if you have a guest staying, and they each have their own bathrooms; the primary has a large ensuite. The balcony faces east with a view of a park, which you also see from every window. And not only are you steps from shopping, restaurants, and other amenities, the quiet CONCRETE building has so much to offer including a gym with hot tub and steam room, movie room, social room, and car wash!
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $1,568 · strata $774 · 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
24560.7 km away · 4132 MacTaggart Drive NW, Edmonton · (587) 489-4702 · website
24560.7 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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Walkability 79/100 · Walkable: many 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, 34 transit stops.
mihom score from OpenStreetMap places, by straight line distance.
$300,000
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $300,000 |
| 2025 | $279,000 |
| 2024 | $249,500 |
| 2023 | $248,500 |
| 2022 | $263,500 |
| 2021 | $285,500 |
| 2020 | $280,000 |
| 2019 | $298,000 |
From City of Edmonton open data (property assessments), matched to #436 160 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 $3,109 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.