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4205, 1620 70 Street SE
GREAT STARTER UNIT FOR 1ST TIME HOME BUYER! Welcome to this beautifully Renovated, efficiently laid out 2nd floor unit in a quiet North Facing location in a well run condominium complex in Applewood Park. This bright self contained unit is newly painted and was renovated in 2024, has vinyl luxury plank flooring through out and all new stainless steel appliances, new laminate countertops, backsplash and cupboards including a hanging pot rack and black farmhouse sink and also comes with a free standing kitchen island/eating area. The bathroom also updated in 2024 has a new sink , vanity and toilet (2024) and the unit also has in-suite laundry with extra storage shelving. Off from the open concept kitchen/living area is a spacious balcony perfect for outdoor relaxing. Additional amenities include an elevator, 1 assigned surface parking stall (144) nearby and visitor parking on site. The low condo fee of $287.74 includes all utillities, heat, electricity, gas, water sewer, trash and snow removal so you can move in with minimal expenses. The location is amazing with walking distance to Tim Hortons and to MAX Purple Transit and a short drive to East Hills Shopping Centre (Costco, Walmart, Cineplex), Stoney Trail, and across the street from Elliston Park that hosts GlobalFest each summer! This move in ready apartment with modern upgrades is perfect for first time home buyers, downsizers or investors. Book your showing today! *Note bedroom, balcony and living room photos with furniture are virtually staged* (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 11.33 Ft x 7.00 Ft | |
| Kitchen | 11.33 Ft x 7.75 Ft | |
| 4pc Bathroom | 4.92 Ft x 7.58 Ft | |
| Bedroom | 11.25 Ft x 11.08 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
9.57%
Cap rate
6.78%
GRM
10.1
Break-even rent
$1,115
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 13, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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