#1004 11027 87 AV NW

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$255,000

#1004 11027 87 AV NW

Garneau, Edmonton · MLS® E4507431

884 sq ft · Condo · Single Family · built 1979 · 47 days on market

listed by Chuxiong Miao, Mozaic Realty Group

realtor's description

DOWNTOWN & RIVER VALLEY VIEWS await in this spacious condo in CLARIDGE HOUSE, perfectly positioned steps from the U of A and minutes from the vibrant energy of Whyte Avenue. The huge living room provides an abundance of space for relaxation or a home office. Enjoy morning coffee on your east-facing balcony, which offers stunning city and river valley vistas along with a convenient storage room. The primary suite is adjacent to a clean 4-piece bathroom. High-end features include an INSUITE WASHER & DRYER, A/C, and TITLED UNDERGROUND PARKING. The unit is equipped with one-year-old stainless steel appliances. Condo fees are truly all-inclusive, covering all utilities, building maintenance, management, and a resident caretaker. Residents also enjoy access to a party room and visitor parking. This is the ideal blend of size, location, and worry-free living in the heart of the university district, offering unmatched convenience for professionals and students alike.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 884 sq ft
parking: 0
year built: 1979
strata fee: $660 / mo ($0.75 / sq ft)
days on market: 47
MLS®: E4507431

features

Washer
Refrigerator
Dishwasher
Stove
Dryer

city assessment

$222,000

2026 assessment · market value as of July 1, 2025

Up 6.5% from $208,500 in 2025
$281,000 in 2016 (-21% over ten years)
Asking price is 15% above the assessment
Built 1979
Lot 30 m² (320 sq ft)
Floor area on the roll 958 sq ft

roll year	assessed
2026	$222,000
2025	$208,500
2024	$225,000
2023	$226,500
2022	$236,000
2021	$252,000
2020	$271,500
2019	$258,000

From City of Edmonton open data (property assessments), matched to #1004 11027 87 AVENUE NW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

property tax

about $2,301 a year

The 2026 assessment times Edmonton's 2026 residential rate of 10.36 per $1,000 (municipal and education).

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure.

monthly cost

$1,771/mo

Mortgage $1,111 · Strata $660

20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.

estimated payment

$1,111/ monthly

loan $204,000

25-year amortization

down payment20% · $51,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $129,303
land title fees: $560; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $51,560; down + land title fees
total paid: $333,303

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent: $1,300/mo
after all costs: −$610/mo
cap rate: 2.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,111 · strata $660 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Edmonton: CMHC's average there ($1,301) raised by what new tenants pay against everyone in the Edmonton area. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca