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2241 PRICE LN SW
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Edmonton · Single Family · under $475,000 · 3+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Perfect in Paisley! Here's your opportunity to purchase a wonderful fully finished and move in ready home in a fabulous South Edmonton community where you'll love walking trails, the dog park, and easy access to the Henday too. This beautiful and bright half duplex faces a green belt adding extra privacy and peace to the home's front yard. Inside you are welcomed into the open concept main floor with stunning hardwood floors, electric fireplace, and open concept kitchen/dining area upgraded with ceiling height cabinets, quartz countertops, and stainless steel appliances. Out back is complete with landscaping, fence, deck, and an awesome hot tub to enjoy year round. Don't forget double detached garage with enough driveway space for extra parking too. Upstairs find convenient laundry, main bathroom, and 3 bedrooms including the primary with ensuite and walk in closet. The professionally finished basement adds a fourth bedroom and additional living room - plenty of space for your family to call home! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom 4 | 3.19 × 3.4 meters | |
| Recreation room | 4.99 × 6.69 meters | |
| Utility room | 1.7 × 3.89 meters |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 4.18 × 4.38 meters | |
| Dining room | 4.21 × 3.85 meters | |
| Kitchen | 3.88 × 3.37 meters |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 3.65 × 4.1 meters | |
| Bedroom 2 | 2.48 × 3.96 meters | |
| Bedroom 3 | 2.61 × 3.09 meters |
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
3.19%
Cap rate
5.50%
GRM
12.2
Break-even rent
$2,662
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.
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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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 9, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.