Garneau, Edmonton · MLS® E4511567
221
1,053 sq ft · Condo · Single Family · built 1978 · 22 days on market
listed by Rossella Trulli, Rimrock Real Estate
Nestled in the heart of Garneau and just steps from the University of Alberta, this updated 2 bedroom, 1.5 bath corner unit offers exceptional value in one of Edmonton's most historic and coveted neighbourhoods. Walk up the front steps of Garneau Place, a beautiful and solid concrete-built low-rise, walk through the timeless foyer and into your first floor unit - it feels like a private home! Over 1,050 sqft of well designed living space supports busy daily life, privacy and entertaining. Featuring an updated kitchen with stainless steel appliances, updated bathrooms, a spacious entrance, large in-suite storage room, in-suite laundry, and TWO private balconies/patios for indoor-outdoor living (south-facing balcony and east facing patio). Titled, secured underground parking stall. Incredibly walkable- steps to UofA, river valley trails, Whyte Ave, and Ace Coffee right on your street! Easy access to downtown, transit and all amenities. An amazing opportunity in an unbeatable location. Welcome home!
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $1,259 · strata $725 · 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
Catchment schools, Edmonton Public Schools
24571.0 km away · 10925 - 87 Avenue NW, Edmonton · (780) 433-1390 · website
24570.8 km away · 11330 - 76 Avenue NW, Edmonton · (780) 435-4163 · website
24569.7 km away · 10450 - 72 Avenue NW, Edmonton · (780) 439-3957 · 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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Rapid transit: University LRT station, 500 m (about 8 min walk); Health Sciences/Jubilee LRT station, 700 m (about 11 min walk).
$273,000
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $273,000 |
| 2025 | $249,000 |
| 2024 | $218,500 |
| 2023 | $219,000 |
| 2022 | $234,000 |
| 2021 | $239,000 |
| 2020 | $251,000 |
| 2019 | $266,500 |
From City of Edmonton open data (property assessments), matched to #105 11011 86 AVENUE NW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $2,829 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.
Rapid transit: University LRT station, 500 m (about 8 min walk); Health Sciences/Jubilee LRT station, 700 m (about 11 min walk).
Walkability 98/100 · Very walkable: most errands on foot
Within a 10 minute walk: 2 grocery stores, 53 places to eat or drink, 11 cafes, 11 parks and playgrounds, 2 schools, 5 pharmacies, 41 transit stops.
mihom score from OpenStreetMap places, by straight line distance.