#106 237 Woodvale Rd NW

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$139,900

#106 237 Woodvale Rd NW

Hillview, Edmonton · MLS® E4511438

1,049 sq ft · Condo · Single Family · built 1978 · 22 days on market

listed by Marc McMahon, The Foundry Real Estate Company Ltd

realtor's description

Fantastic investment opportunity in this 2 bedroom, 2 bathroom, 2 storey condo located in the desirable Gardenwood Terrace complex in sought after Hillview! The main floor features a spacious living room, an open-concept kitchen, convenient 2-piece bathroom, and fresh paint throughout, creating a bright and welcoming feel. Upstairs you'll find two generous bedrooms, an updated full bathroom, and additional storage space. Step outside through the patio doors to enjoy your own private, fenced yard perfect for relaxing or entertaining. Professionally managed, this home is an excellent choice for first-time buyers, downsizers, or investors looking to add a solid property to their portfolio.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 1,049 sq ft
parking: 0
year built: 1978
strata fee: $494 / mo ($0.47 / sq ft)
days on market: 22
MLS®: E4511438

features

Public Swimming Pool
Refrigerator
Dishwasher
Stove

property tax

about $1,450 a year

The asking price 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. Without the city's assessment this uses the asking price, so it's a rough guide.

monthly cost

$1,103/mo

Mortgage $610 · Strata $494

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

estimated payment

$610/ monthly

loan $111,920

25-year amortization

down payment20% · $27,98020%+ 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: $70,939
land title fees: $355; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $28,335; down + land title fees
total paid: $182,859

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: $334/mo
cap rate: 8.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $610 · strata $494 · 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