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Alberta
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42 603 Watt Boulevard

$289,900

42 603 Watt Boulevard, Edmonton, AB, T6X 0P3

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MLS® # E4422086

2 Beds

3 Baths

114.34 METERSQ sqft

Property Information:

Welcome to Sandstone at Walker Lakes Station. This well-maintained townhome offers 2 bedrooms, a den, 2.5 baths, and a heated tandem double garage with storage. The primary bedroom features a 3-pc ensuite and walk-in closet, while the den has dual pocket doors for privacy. Enjoy a spacious L-kitchen with a raised eating bar, plus an open living/dining area with hardwood floors and large south-facing windows for natural light. A north-facing balcony includes a natural gas hookup. Affordable condo fees, close to schools, shopping, and transit in a family-friendly neighbourhood!

Building Features:

Floor Space: 114.34

Property Features:

Bedrooms: 2
Bathrooms: 2+1
Amenities Features: Deck
Appliances: Dishwasher-Built-In, Dryer, Garage Control, Garage Opener, Microwave Hood Fan, Refrigerator, Stove-Electric, Washer, Window Coverings
Architectural Style: 2 Storey
Basement: None, No Basement
Basement Development: No Basement
Basement Type: None
Building Type: Townhouse
Built in: 2009
Community Features: Deck
Condo Fee Includes: Exterior Maintenance, Insur. for Common Areas, Landscape/Snow Removal, Professional Management, Reserve Fund Contribution
Condo Fees: $214 Monthly
Exterior Features: Landscaped, Playground Nearby, Public Transportation, Schools, Shopping Nearby
Fireplace Fuel: Gas
Floor Space (approx): 114.34 Square Metres
Flooring: Carpet, Ceramic Tile, Hardwood
Foundation Details: Concrete Perimeter
Heating: Forced Air-1, Natural Gas
Lot Size: 205.85 Square Metres
Parking Features: Single Garage Attached, Tandem
Road Access: Paved
Roof: Asphalt Shingles
Site Influences: Landscaped, Playground Nearby, Public Transportation, Schools, Shopping Nearby
Zoning: Zone 53
No. of Parking Spaces: 2

Courtesy of: Exp Realty

Data was last updated 2025-02-27 at 01:25 | Listing data was last checked 2025-03-13 at 11:59

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the REALTORS® Association of Edmonton. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data on this website is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Information deemed reliable but not guaranteed.

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Potential Investment Performance

Cumulative ROI

110.5%

Cumulative Market Appreciation

$67,752

Net Operating Income in Year 5

$15,696

Cash on Cash Return in Year 5

1.5%

Assumptions

Market Appreciation Per Year

Rent Increase Per Year

Expense Increase Per Year

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price	$
Down Payment %	$57,980
Mortgage Amount	$231,920
Mortgage Payment %	$1,203

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$1,700

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Condo/Strata Fees	$
Total Operating Expenses	$559
Net Operating Income	$1,140

Debt Service
Mortgage Payment	$1,203

Net Cash Flow	-$62

Cap Rate

4.72%

Acquistion Costs

Down Payment $57,980

Land Transfer Tax $285

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $60,265

Components of Return

Potential Returns

	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Investments
Down Payment	$57,980	-	-	-	-	-	-	-	-	-
Closing Costs	$2,285	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$3,608	$3,781	$3,963	$4,154	$4,353	$4,563	$4,782	$5,012	$5,253	$5,505
Total	$63,873	$3,781	$3,963	$4,154	$4,353	$4,563	$4,782	$5,012	$5,253	$5,505
Cash Invested	$63,873	$67,655	$71,618	$75,773	$80,126	$84,689	$89,472	$94,484	$99,737	$105,243

Rental Cash Flows
Rent and other income	$20,407	$21,019	$21,650	$22,299	$22,968	$23,657	$24,367	$25,098	$25,851	$26,627
Operating Expenses	-$6,718	-$6,873	-$7,033	-$7,195	-$7,362	-$7,533	-$7,708	-$7,888	-$8,071	-$8,259
Mortgage Payment	-$14,440	-$14,440	-$14,440	-$14,440	-$14,440	-$14,440	-$14,440	-$14,440	-$14,440	-$14,440
Net Cash Flow	-$751	-$294	$177	$663	$1,165	$1,683	$2,218	$2,770	$3,339	$3,927

Returns
Property Price Appreciation	$12,436	$12,970	$13,526	$14,106	$14,712	$15,343	$16,001	$16,687	$17,403	$18,150
Mortgage Paydown	$3,608	$3,781	$3,963	$4,154	$4,353	$4,563	$4,782	$5,012	$5,253	$5,505
Net Cash Flow	-$751	-$294	$177	$663	$1,165	$1,683	$2,218	$2,770	$3,339	$3,927
Total Return	$15,294	$16,457	$17,667	$18,924	$20,231	$21,590	$23,002	$24,470	$25,996	$27,583
Cumulative Return	$15,294	$31,751	$49,419	$68,344	$88,575	$110,166	$133,168	$157,639	$183,636	$211,219

Investment Metrics
Cumulative ROI	23.9%	46.9%	69.0%	90.2%	110.5%	130.1%	148.8%	166.8%	184.1%	200.7%
Cash On Cash	-1.2%	-0.4%	0.2%	0.9%	1.5%	2.0%	2.5%	2.9%	3.3%	3.7%