500, 13221 Macdonald Drive

Downtown, Fort McMurray · MLS® A2350071

211

672 sq ft · Condo · Single Family · built 1972 · 21 days on market

listed by SUZANNE ANDERSON, RE/MAX Connect

realtor's description

Investor Alert! Prime location in downtown, with views of the courtyard and the River. Corner condo unit features 2 bedrooms, 1 bath and has been refurbished making this home feel stylish with a modern flare. Located on the 5TH floor of the Tower 2 high rise this Building has elevator, security, leisure centre and on-site convenience store. Includes Fridge, stove and underground covered parking stall(titled). Tenants in place hour notice required (mon-sat) for showings.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 1
living area: 672 sq ft
parking: 1
year built: 1972
property tax: $274 / yr
strata fee: $661 / mo ($0.98 / sq ft)
strata rules: Pets Allowed With Restrictions
days on market: 21
MLS®: A2350071

features

See remarks
Golf Course Development
Pets Allowed With Restrictions
See remarks

property tax

about $314 a year

The asking price times Regional Municipality of Wood Buffalo's 2026 residential rate of 5.24 per $1,000 (municipal and education).

The listing shows $274 a year in property tax.

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.

monthly cost

$945/mo

Mortgage $261 · Tax $23 · Strata $661

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

estimated payment

$261/ monthly

loan $47,920

25-year amortization

down payment20% · $11,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $30,374
land title fees: $210; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $12,190; down + land title fees
total paid: $78,294

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: $1,450/mo
after all costs: $354/mo
cap rate: 12.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $261 · tax $23 · strata $661 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Wood Buffalo: CMHC's average there ($1,457) lowered by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (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