#106 856 Secord BV NW NW

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$164,900

#106 856 Secord BV NW NW

Secord, Edmonton · MLS® E4502803

111

504 sq ft · Condo · Single Family · built 2022 · 78 days on market

listed by Maverick Tameta, The E Group Real Estate

realtor's description

A turnkey investment opportunity in one of west Edmonton's fastest-growing communities. Currently tenanted at $1,395/month plus utilities, with a lease in place until May 2027, providing immediate rental income from day one. Close to schools, shopping, and quick access to Anthony Henday.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 504 sq ft
parking: 1
year built: 2022
strata fee: $277 / mo ($0.55 / sq ft)
days on market: 78
MLS®: E4502803

features

Private setting
Corner Site
Recreational
Public Swimming Pool
Washer
Refrigerator

city assessment

$172,000

2026 assessment · market value as of July 1, 2025

Up 6.5% from $161,500 in 2025
Asking price is 4% below the assessment
Built 2022
Lot 91 m² (976 sq ft)
Floor area on the roll 516 sq ft

roll year	assessed
2026	$172,000
2025	$161,500
2024	$144,500
2023	$123,000

From City of Edmonton open data (property assessments), matched to #106 856 SECORD BOULEVARD 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 $1,782 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

$995/mo

Mortgage $718 · Strata $277

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

estimated payment

$718/ monthly

loan $131,920

25-year amortization

down payment20% · $32,98020%+ 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: $83,616
land title fees: $400; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $33,380; down + land title fees
total paid: $215,536

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: $166/mo
cap rate: 6.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $718 · strata $277 · 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