#61 1503 Mill Woods NW

Crawford Plains, Edmonton · MLS® E4501781

1,017 sq ft · Townhouse · Single Family · built 1980 · 84 days on market

listed by Sally Munro, Century 21 Masters

realtor's description

INVESTOR ALERT!!! Welcome to this bright and spacious to floor carriage style condo in Tamarack South, offering 2 bedrooms, 2 bathrooms, a spacious living room, dining area, an expansive kitchen and in suite laundry. Featuring a MASSIVE private balcony that is prime for relaxation, barbecuing, morning coffee & entertainment! Enjoy low-maintenance living with low condo fees, outdoor storage, and an energized parking stall. Professionally managed complex with excellent proximity to schools, shopping, public transit, and just minutes to Whitemud Drive and Mill Woods Town Centre. Buyer must assume existing tenants, making this a turnkey, cash-flowing investment from day one.

property details

type: Townhouse, Single Family
bedrooms: 2
bathrooms: 1
living area: 1,017 sq ft
parking: 0
year built: 1980
strata fee: $403 / mo ($0.40 / sq ft)
days on market: 84
MLS®: E4501781

features

Park/reserve
Washer
Refrigerator
Dishwasher
Stove
Dryer

property tax

about $1,968 a year

The asking price 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. Without the city's assessment this uses the asking price, so it's a rough guide.

monthly cost

$1,230/mo

Mortgage $827 · Strata $403

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

estimated payment

$827/ monthly

loan $151,920

25-year amortization

down payment20% · $37,98020%+ 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: $96,293
land title fees: $445; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $38,425; down + land title fees
total paid: $248,213

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: $67/mo
cap rate: 5.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $827 · strata $403 · insurance ~$175 · 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

Crawford Plains, EdmontonGoogle Maps ↗

Rapid transit: Mill Woods LRT station, 2.4 km (about 38 min walk).

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 Crawford Plainshomes in this catchment
24544.7 km away · 4210 - 12 Avenue NW, Edmonton · (780) 463-7211 · website
Middle Gr 7-9 T D Bakerhomes in this catchment
24545.1 km away · 1750 Millwoods Road East NW, Edmonton · (780) 462-5496 · website
Secondary Gr 10-12 W P Wagnerhomes in this catchment
24549.8 km away · 6310 Wagner Road NW, Edmonton · (780) 469-1315 · 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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