#619 260 Bellerose DR

Oakmont, St. Albert · MLS® E4471330

1,588 sq ft · Condo · Single Family · built 2026 · 269 days on market

listed by Dan Lepine, MaxWell Devonshire Realty

realtor's description

Introducing Riverbank Landing! An exciting live-work-play development nestled along the banks of the beautiful Sturgeon River Valley. Concrete and steel construction offers superior privacy and fire safety. This spacious (1,588 sf) corner 2 Bedroom plus Den suite offers premium features throughout including: 9 ft ceilings, oversized window walls on two sides, quartz countertops, plank and porcelain tile flooring, cozy linear fireplace, 451 sf wrap-around balcony with gas & water. Each suite has dedicated fresh-air supply, forced air heating and A/C! Includes underground parking and storage with the option to upgrade to a private double garage. Riverbank Landing's well designed amenities have your new lifestyle in mind with: an impressive 2 story lobby, spacious event centre, fitness/yoga room, owner's lounge with roof-top patio, guest suite, car wash & business centre. Only steps to Mercato Italian Market, boutique shopping, restaurants, professional services and the tranquil Red Willow Trail system.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 1,588 sq ft
parking: 0
year built: 2026
strata fee: $750 / mo ($0.47 / sq ft)
days on market: 269
MLS®: E4471330

features

Park/reserve
Public Swimming Pool
Refrigerator
Dishwasher
Stove
Microwave

property tax

about $8,735 a year

The asking price times St. Albert's 2026 residential rate of 11.20 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

$4,149/mo

Mortgage $3,399 · Strata $750

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

estimated payment

$3,399/ monthly

loan $624,036

25-year amortization

down payment20% · $156,00920%+ 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: $395,538
land title fees: $1,510; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $157,519; down + land title fees
total paid: $1,019,574

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: −$2,712/mo
cap rate: 1.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,399 · strata $750 · 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