#106 508 Albany WY NW

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$215,000

#106 508 Albany WY NW

Albany, Edmonton · MLS® E4513323

862 sq ft · Condo · Single Family · built 2013 · 8 days on market

listed by Lindsey Page, 2% Realty Pro

realtor's description

Welcome to Elements at Albany! This move-in ready, quick possession 862 sq. ft. main-floor condo offers a bright, open-concept layout. The kitchen features warm wood cabinetry, contrasting white countertops, a convenient pantry, built-in desk and large eat-in island overlooking the spacious living room with direct patio access. The primary bedroom is privately located on one side of the home and features a walk-through closet and ensuite bath, while the second bedroom and full bath are situated on the opposite side. Features that complete this space include in-suite laundry and a titled, heated underground parking stall. Low condo fees include heat and water. This pet-friendly building is ideally located close to shopping, restaurants, banks, health services, walking trails and public transit, with quick access to Anthony Henday Drive.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 862 sq ft
parking: 0
year built: 2013
strata fee: $415 / mo ($0.48 / sq ft)
days on market: 8
MLS®: E4513323

features

Refrigerator
Dishwasher
Stove
Microwave Range Hood Combo
Window Coverings
Washer/Dryer Stack-Up

monthly cost

$1,352/mo

Mortgage $937 · Strata $415

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

estimated payment

$937/ monthly

loan $172,000

25-year amortization

down payment20% · $43,00020%+ 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: $109,020
land title fees: $490; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $43,490; down + land title fees
total paid: $281,020

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: $85/mo
cap rate: 5.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $937 · strata $415 · 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
24594.4 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
24592.1 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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