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69 Leung Place
homes for sale · Blackfalds · Laurel
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$239,900

69 Leung Place

Laurel, Blackfalds · MLS® A2353514

322

759 sq ft · 1,000 sq ft lot · Townhouse · Single Family · built 2003 · 4 days on market

listed by Mike Wiseman, CIR Realty

realtor's description

GET INTO AFFORDABLE HOMEOWNERSHIP with this charming townhouse bungalow in Blackfalds! Incredible location, backing onto walking paths / ponds and forest! Located across the street from Iron Ridge High School, walking distance to the Abbey Centre, Parallax Bike jump skills park and Blackfalds skatepark! This bi-level condo townhouse features a walkout basement, upper level balcony that overlooks a beautiful pond and trail system. The unit itself offers an open concept main floor area, kitchen with upgraded flooring and centre island. Your primary bedroom and a full bath complete the upper level, while the basement offers an additional 2 bed / 1 bath and a rec area. This well managed complex comes with two assigned parking stalls. Great opportunity as a first-timer home, downsize / empty nest or for your investment portfolio.

property details

type
Townhouse, Single Family
bedrooms
3
bathrooms
2
living area
759 sq ft
lot
1,000 sq ft
parking
2
year built
2003
property tax
$2,234 / yr
strata fee
$338 / mo ($0.45 / sq ft)
strata rules
Pets Allowed
days on market
4
MLS®
A2353514

features

  • Other
  • No Smoking Home
  • Pets Allowed
  • Refrigerator
  • Dishwasher
  • Stove

monthly cost

$1,569/mo
Mortgage $1,045 · Tax $186 · Strata $338

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

estimated payment
$1,045/ monthly
loan $191,920
25-year amortization
total interest
$121,646
land title fees
$535
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$48,515
down + land title fees
total paid
$313,566

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
$1,490/mo
after all costs
−$374/mo
cap rate
3.4%
yearly net rent ÷ price

Costs: mortgage $1,045 · tax $186 · strata $338 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Blackfalds: CMHC's average there ($1,443) raised 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

location

Laurel, BlackfaldsGoogle Maps ↗

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listed by
Mike Wiseman
CIR Realty
call Mike · 403-896-8383
Powered by: REALTOR.ca
▶ virtual tour

similar homes nearby

property tax

about $2,493 a year

The asking price times Blackfalds's 2026 residential rate of 10.39 per $1,000 (municipal and education).

The listing shows $2,234 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.

location

Laurel, BlackfaldsGoogle Maps ↗
Drive times
  • Iron Ridge Junior Campus1 min
  • Lacombe Hospital and Care Centre12 min
  • Heritage Place14 min
  • Red Deer Polytechnic17 min
  • Downtown Red Deer19 min
59

Walkability 59/100 · Somewhat walkable: some errands on foot

Within a 10 minute walk: 1 place to eat or drink, 8 parks and playgrounds, 1 school.

mihom score from OpenStreetMap places, by straight line distance.

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