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#505 1238 Windermere Wy SW SW
homes for sale · Edmonton · Windermere
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$259,900

#505 1238 Windermere Wy SW SW

Windermere, Edmonton · MLS® E4512225

22

772 sq ft · Condo · Single Family · built 2011 · 17 days on market

listed by Tim Jeong, REMAX River City

realtor's description

Located in the highly desirable Windermere community, this beautifully maintained top-floor 2-bedroom condo offers exceptional comfort and quality in a steel-and-concrete building with superior soundproofing and in-floor heating. The bright and spacious layout features soaring 16-foot ceilings in the living room and 9-foot ceilings throughout the rest of the unit. The modern open-concept kitchen overlooks the dining area and is finished with granite countertops and upgraded appliances. The spacious primary bedroom includes a walk-through closet and private 3-piece ensuite, while the second bedroom is generously sized and located near the additional 4-piece bathroom. Granite countertops continue throughout all bathrooms for a cohesive upscale feel. Enjoy a sunny south-facing balcony, one heated underground parking stall, and an unbeatable location within walking distance to shopping, parks, schools, public transit, ponds, and Currents at Windermere, with quick access to Anthony Henday and Whitemud Drive.

property details

type
Condo, Single Family
bedrooms
2
bathrooms
2
living area
772 sq ft
parking
0
year built
2011
strata fee
$456 / mo ($0.59 / sq ft)
days on market
17
MLS®
E4512225

features

  • See remarks
  • No back lane
  • Park/reserve
  • Refrigerator
  • Dishwasher
  • Stove

monthly cost

$1,588/mo
Mortgage $1,132 · Strata $456

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

estimated payment
$1,132/ monthly
loan $207,920
25-year amortization
total interest
$131,788
land title fees
$570
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$52,550
down + land title fees
total paid
$339,708

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
$1,600/mo
after all costs
−$151/mo
cap rate
4.5%
yearly net rent ÷ price

Costs: mortgage $1,132 · strata $456 · 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

location

Windermere, EdmontonGoogle Maps ↗

schools

Catchment schools, Edmonton Public Schools

  • Elementary K to Gr 6 Constable Daniel Woodallhomes in this catchment

    24563.5 km away · 315 Windermere Road NW, Edmonton · (780) 944-2829 · website

  • Middle Gr 7-9 Riverbendhomes in this catchment

    24565.5 km away · 14820 - 53 Avenue NW, Edmonton · (780) 434-7914 · website

  • Secondary Gr 10-12 Lillian Osbornehomes in this catchment

    24563.5 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.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Tim Jeong
REMAX River City
call Tim · 780-940-9414
Powered by: REALTOR.ca
▶ virtual tour

similar homes nearby

city assessment

$239,500

2026 assessment · market value as of July 1, 2025

  • Up 6.4% from $225,000 in 2025
  • $280,500 in 2016 (-15% over ten years)
  • Asking price is 9% above the assessment
  • Built 2011
  • Lot 54 m² (584 sq ft)
  • Floor area on the roll 853 sq ft
roll yearassessed
2026$239,500
2025$225,000
2024$206,000
2023$202,500
2022$204,000
2021$201,500
2020$209,500
2019$230,000

From City of Edmonton open data (property assessments), matched to #505 1238 WINDERMERE WAY 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 $2,482 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.

location

Windermere, EdmontonGoogle Maps ↗
Drive times
  • St. John XXIII Catholic Elementary and Junior High2 min
  • Lillian Osborne High7 min
  • University of Alberta South Campus14 min
  • Covenant Health St. Joseph’s Auxiliary Hospital15 min
  • Downtown Edmonton26 min
  • YEG airport26 min
81

Walkability 81/100 · Very walkable: most errands on foot

Within a 10 minute walk: 1 grocery store, 7 places to eat or drink, 1 cafe, 4 parks and playgrounds, 1 school, 25 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

#22 723 172 ST SW, Edmonton
#22 723 172 ST SW, Edmonton, photo 2
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#22 723 172 ST SW, Edmonton, photo 8
Townhouse
$289,900
4methe deep dive
#22 723 172 ST SW
Windermere, Edmonton1 day on market
listed by Nationwide Realty Corp
3321,532 sq ft
MLS® E4514171
#16 723 172 ST SW, Edmonton
#16 723 172 ST SW, Edmonton, photo 2
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#16 723 172 ST SW, Edmonton, photo 8
Townhouse
$320,000
4methe deep dive
#16 723 172 ST SW
Windermere, Edmonton4 days on market
listed by MaxWell Challenge Realty
441,524 sq ft
#505 1230 Windermere Wy SW, Edmonton
#505 1230 Windermere Wy SW, Edmonton, photo 2
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#505 1230 Windermere Wy SW, Edmonton, photo 4
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#505 1230 Windermere Wy SW, Edmonton, photo 7
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Condo
$269,900
4methe deep dive
#505 1230 Windermere Wy SW
Windermere, Edmonton16 days on market
listed by RE/MAX Real Estate
22
#329 344 Windermere Rd NW, Edmonton
#329 344 Windermere Rd NW, Edmonton, photo 2
#329 344 Windermere Rd NW, Edmonton, photo 3
#329 344 Windermere Rd NW, Edmonton, photo 4
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Condo
$229,900
4methe deep dive
#329 344 Windermere Rd NW
Windermere, Edmonton17 days on market
listed by Century 21 Quantum Realty
22
#226 344 Windermere Rd NW, Edmonton
#226 344 Windermere Rd NW, Edmonton, photo 2
#226 344 Windermere Rd NW, Edmonton, photo 3
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#226 344 Windermere Rd NW, Edmonton, photo 8
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$224,900
4methe deep dive
#226 344 Windermere Rd NW
Windermere, Edmonton24 days on market
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#224 390 Windermere Rd NW, Edmonton
#224 390 Windermere Rd NW, Edmonton, photo 2
#224 390 Windermere Rd NW, Edmonton, photo 3
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#224 390 Windermere Rd NW, Edmonton, photo 7
#224 390 Windermere Rd NW, Edmonton, photo 8
Condo
$206,900
4methe deep dive
#224 390 Windermere Rd NW
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22
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