Michaels Park, Edmonton · MLS® E4511137
63
1,348 sq ft · House · Single Family · built 1974 · 23 days on market
listed by Jim Dhillon, RE/MAX Elite
Investor-ready and income generating in a prime Mill Woods location! Situated in a quiet cul-de-sac just steps from the LRT, this renovated property offers exceptional value in a strong rental area with great long-term potential. Already generating income with excellent tenants in place, this is a true turnkey opportunity for investors. Designed for maximum functionality, with 2 fully self-contained living areas, featuring 3 bedrooms and 1.5 bathrooms on the 1348sq ft upper level, plus a separate 1213sq ft lower suite with 3 bedrooms and 1 full bathroom. Both suites offer their own private entrances & separate in-suite laundries. Major mechanical upgrades include 2 separate high-efficiency furnaces & a 60-gallon hot water tank, offering maximum efficiency. Whether you're adding to your portfolio or purchasing your first investment property, this one checks all the boxes with strong income, recent updates, an ideal layout, and an unbeatable location close to transit, amenities, schools, and more!
20% down at 4.34% fixed (Ratehub.ca), 25 years.
Rapid transit: Millbourne/Woodvale LRT station, 600 m (about 9 min walk); Grey Nuns LRT station, 1.7 km (about 27 min walk).
Catchment schools, Edmonton Public Schools
24555.1 km away · 440 Millbourne Road East NW, Edmonton · (780) 462-3230 · website
24555.7 km away · 8308 Millwoods Road NW, Edmonton · (780) 462-3310 · website
24554.3 km away · 2707 Millwoods Road NW, Edmonton · (780) 462-3322 · 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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$528,000
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $528,000 |
| 2025 | $510,000 |
| 2024 | $451,500 |
| 2023 | $475,000 |
| 2022 | $446,500 |
| 2021 | $404,000 |
| 2020 | $367,500 |
| 2019 | $339,500 |
From City of Edmonton open data (property assessments), matched to 7115 39A AVENUE NW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $5,472 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.
Rapid transit: Millbourne/Woodvale LRT station, 600 m (about 9 min walk); Grey Nuns LRT station, 1.7 km (about 27 min walk).
Walkability 75/100 · Walkable: many errands on foot
Within a 10 minute walk: 2 grocery stores, 6 places to eat or drink, 3 cafes, 6 parks and playgrounds, 4 schools, 1 pharmacy, 30 transit stops.
mihom score from OpenStreetMap places, by straight line distance.