#107 1624 48 ST NW

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$94,900

#107 1624 48 ST NW

Pollard Meadows, Edmonton · MLS® E4511822

617 sq ft · Condo · Single Family · built 1981 · 20 days on market

listed by Nasir Mahmood, Homes & Gardens Real Estate Limited

realtor's description

PRICE PRICE , FOR IONVESTERS AND FIRST TIME BUYERS ,This Bright & Comfortable 1-bed, 1-bath condo in this Adult building , offers an easy, low-maintenance lifestyle in a welcoming community setting . Inside, the carpet-free layout provides smooth movement throughout, practical kitchen, a dining area that fits a 4–6-person table, & a spacious bedroom , the large in-suite storage room offers space for a small freezer. Enjoy summer evenings on your private balcony. The location is highly convenient, close to shopping, transit, parks, schools, and a well-known temple just minutes away, added appeal for those who value nearby cultural gathering places. Quick access to 50 St & Henday makes commuting easy. A great option for first-time buyers, investors, or anyone seeking an affordable home in a connected, community-oriented area.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 617 sq ft
parking: 0
year built: 1981
strata fee: $375 / mo ($0.61 / sq ft)
days on market: 20
MLS®: E4511822

features

See remarks
Refrigerator
Dishwasher
Stove

monthly cost

$788/mo

Mortgage $413 · Strata $375

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

estimated payment

$413/ monthly

loan $75,920

25-year amortization

down payment20% · $18,98020%+ 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: $48,121
land title fees: $275; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $19,255; down + land title fees
total paid: $124,041

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: $373/mo
cap rate: 9.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $413 · strata $375 · 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

location

Pollard Meadows, EdmontonGoogle Maps ↗

Rapid transit: Mill Woods LRT station, 1.7 km (about 27 min walk); Grey Nuns LRT station, 2.3 km (about 35 min walk).

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 Pollard Meadowshomes in this catchment
24546.5 km away · 1715 - 48 Street NW, Edmonton · (780) 463-8680 · website
Middle Gr 7-9 T D Bakerhomes in this catchment
24546.2 km away · 1750 Millwoods Road East NW, Edmonton · (780) 462-5496 · website
Secondary Gr 10-12 W P Wagnerhomes in this catchment
24550.9 km away · 6310 Wagner Road NW, Edmonton · (780) 469-1315 · 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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