505 Railway Street W

Downtown, Cochrane · MLS® A2354550

4,000 sq ft lot · Land · Vacant Land · 1 day on market

listed by Dennis Shandruk, RE/MAX Realty Professionals

realtor's description

This is sale is under Part 7 of the Civil Enforcement Act in Alberta. The property is a 4000 square foot lot located behind a national Drug Mart on Railway Street in West Cochrane. The property was part of the condominium complex know as Pointe of View - Cochrane. The lot is currently not in use and is grass covered. Great location for a free standing building such as a day care, liquoir outlet etc as it is located in the heart of Downtown West Cochrane and has a busy strip mall as a neighbour.

property details

type: Land, Vacant Land
lot: 4,000 sq ft
parking: 0
property tax: $8,500 / yr
strata fee: $100 / mo
days on market: 1
MLS®: A2354550

property tax

about $2,301 a year

The asking price times Cochrane's 2026 residential rate of 6.57 per $1,000 (municipal and education).

The listing shows $8,500 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

$2,333/mo

Mortgage $1,525 · Tax $708 · Strata $100

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

estimated payment

$1,525/ monthly

loan $280,000

25-year amortization

down payment20% · $70,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $177,475
land title fees: $730; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $70,730; down + land title fees
total paid: $457,475

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.