#103 508 Albany Wy NW

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$180,000

#103 508 Albany Wy NW

Albany, Edmonton · MLS® E4513910

810 sq ft · Condo · Single Family · built 2013 · 2 days on market

listed by Jenny Chi, MaxWell Polaris

realtor's description

Welcome to this bright and inviting 2 bedroom, 2 bathroom GROUND FLOOR condo in the Elements of Albany. With NO STAIRS or elevators to deal with, coming and going is easy, whether you’re carrying groceries, bringing home a pet, or simply enjoying quick access to the outdoors. The kitchen features STAINLESS STEEL APPLIANCES, and a BUILT-IN DESK which provides a convenient spot for working from home or staying organized. The two bedrooms and two full bathrooms offer a comfortable layout that works well for professionals, small families, roommates, or anyone looking to downsize without compromising on space. A TITLED UNDERGROUND PARKING stall adds year-round convenience and peace of mind, while Albany Market Square and Newcastle Shopping Centre are just a short walk away for shopping, dining, amenities and errands. Whether you’re a first-time buyer, an investor, or looking for a low-maintenance place to call home, this condo offers a great location and a lifestyle that’s easy to love.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 810 sq ft
parking: 0
year built: 2013
strata fee: $425 / mo ($0.53 / sq ft)
days on market: 2
MLS®: E4513910

features

No Animal Home
No Smoking Home
Public Swimming Pool
Refrigerator
Dishwasher
Stove

monthly cost

$1,210/mo

Mortgage $784 · Strata $425

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

estimated payment

$784/ monthly

loan $144,000

25-year amortization

down payment20% · $36,00020%+ 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: $91,273
land title fees: $425; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $36,425; down + land title fees
total paid: $235,273

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: $1,600/mo
after all costs: $227/mo
cap rate: 6.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $784 · strata $425 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Edmonton: CMHC's average there ($1,598) 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

location

Albany, EdmontonGoogle Maps ↗

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 Loreleihomes in this catchment
24594.5 km away · 16230 - 103 Street NW, Edmonton · (780) 456-4488 · website
Middle Gr 7-9 Mary Butterworthhomes in this catchment
24594.6 km away · 16315 - 109 Street NW, Edmonton · (780) 476-1480 · website
Secondary Gr 10-12 Ross Sheppardhomes in this catchment
24592.2 km away · 13546 - 111 Avenue NW, Edmonton · (780) 448-5000 · website

From the Edmonton Public Schools's published catchment maps (2021, the latest published). A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

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