Festival Estates

Festival Estates is a 5-storey mid-rise apartment building completed in 2007, located at 121 Festival Way in the Centre In The Park community of Sherwood Park. This 18+ adult building offers 1- and 2-bedroom units with open-concept layouts, in-suite laundry, and private balconies. Recent sales have averaged around $352,000 with monthly condo fees averaging roughly $757. The building features a fitness room, guest suite, heated underground parkade with car wash, and visitor parking. The city's 2026 assessed value for units here averages approximately $315,000. Before committing to purchase, prospective buyers should have the reserve fund study, financial statements, board minutes, bylaws and insurance professionally reviewed to understand the building's financial health and governance.