Oakmont, St. Albert · MLS® E4471520
11
707 sq ft · Condo · Single Family · built 2026 · 268 days on market
listed by Dan Lepine, MaxWell Devonshire Realty
Welcome to Riverbank Landing! A premium new mixed-use development on the banks of the beautiful Sturgeon River Valley. Solid concrete & steel construction offers enhanced privacy & fire safety. This (707 sf) spacious and bright one bedroom suite offers top-quality features throughout: 9ft ceilings, oversized windows, quartz countertops, porcelain tile & plank flooring, forced-air heating & A/C, underground parking & storage, premium appliance pkg, 225 sf balcony, etc. Riverbank Landing offers some very impressive amenities such as: 2 story lobby, spacious event centre, fitness & yoga room, owners lounge with rooftop patio, car wash, guest suite, business centre, and more! Very well serviced with 3 high speed elevators. Only steps to Mercato Italian Market, boutique shopping, restaurants & the tranquil Red Willow Trail System. Great Price & Low Condo Fees!
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $1,738 · strata $360 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 1-bedroom in Edmonton: CMHC's average there ($1,301) 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
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about $4,467 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.
Walkability 82/100 · Very walkable: most errands on foot
Within a 10 minute walk: 1 grocery store, 4 places to eat or drink, 2 cafes, 9 parks and playgrounds, 12 transit stops.
mihom score from OpenStreetMap places, by straight line distance.