Investment signal

$115,000

1509, 21 Macdonald Drive

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Beds

Baths

2 full + 1 half

Sqft

—

Year

1978

Type

Single Family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Fort McMurray. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

FANTASTIC INVESTMENT PROPERTY OR STARTER HOME! This property features 3 bedrooms and 1.5 baths, covered parking and access to all Site amenities included fitness center.. Close to Macdonald Island, shopping, restaurants, nature trails and transportation. If you are looking for a cheap place to call home, then BRING YOUR CHEQUE BOOK AND MOVE RIGHT IN! Call to setup your personal tour! ACT NOW this will go fast! Tenants in place until end of June 2026 for those savvy buyers. Professionally Managed. (id:65958)

Subtype: Single Family
Structure: Row / Townhouse
Community: Downtown
Common interest: Condo/Strata
Living area: 1,040 square feet
Bedrooms: 3 above grade, 0 below grade
Parking: 1 total
Condo/HOA fee: $765.19 monthly
Stories: 2
On market: Apr 23, 2026
Status changed: Apr 23, 2026
Annual tax: $323 (2025)
Zoning: BOR1
Photos: 1
MLS#: A2304612
Area: FORT_MCMURRAY

Features and systems

Parking

Carport

Basement

None

Appliances

See remarks

Heating

Natural gasOther

Cooling

None

Flooring

Laminate

Foundation

Poured Concrete

Lot

See remarks

Community

Golf Course DevelopmentPets Allowed With Restrictions

Fee includes

Common Area MaintenanceInsurance

Positive cash flow ~$1,537/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

80.21%

Cap rate

20.91%

GRM

4.0

Break-even rent

$782

Financing

Down payment$23,000

Loan amount$92,000

Mortgage$466/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$53

Insurance$80

Maintenance$96

CapEx reserve$48

Vacancy loss$120

Estimates 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.

Mortgage estimate

Estimated $466/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.