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$212,500

#113 5510 Schonsee Dr NW

Schonsee, Edmonton · MLS® E4512459

847 sq ft · Condo · Single Family · built 2014 · 15 days on market

listed by Brandin Strasser, Century 21 Masters

realtor's description

This 2 bedroom, 2 bathroom condo in Schonsee offers a layout that just makes sense—whether you’re starting out, downsizing, or looking for something low-maintenance without giving up comfort. As a former show suite, it’s been thoughtfully finished with modern tones, vinyl plank flooring, and a warm, inviting feel throughout. The open-concept living space gives you flexibility to set it up how you actually live—room to unwind, host friends, or enjoy a quiet night in. Both bedrooms are well-sized and positioned for privacy, each with access to its own full bathroom. A standout feature is the extra flex space—perfect for a home office or coffee bar. You’ll also appreciate in-suite laundry, ample storage, and two parking stalls with storage included. Set in a well-kept building with a gym, this is easy living in a growing north Edmonton community close to parks, amenities, and major routes.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 847 sq ft
parking: 0
year built: 2014
strata fee: $512 / mo ($0.60 / sq ft)
days on market: 15
MLS®: E4512459

features

See remarks
Washer
Refrigerator
Dishwasher
Stove
Microwave Range Hood Combo

monthly cost

$1,438/mo

Mortgage $926 · Strata $512

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

estimated payment

$926/ monthly

loan $170,000

25-year amortization

down payment20% · $42,50020%+ 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: $107,753
land title fees: $485; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $42,985; down + land title fees
total paid: $277,753

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: −$1/mo
cap rate: 5.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $926 · strata $512 · 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

Schonsee, EdmontonGoogle Maps ↗

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 Northmounthomes in this catchment
24587.0 km away · 14020 - 88A Street NW, Edmonton · (780) 475-5162 · website
Middle Gr 7-9 Dickinsfieldhomes in this catchment
24587.1 km away · 14320 - 88A Street NW, Edmonton · (780) 476-4646 · website
Secondary Gr 10-12 M E LaZertehomes in this catchment
24586.1 km away · 6804 - 144 Avenue NW, Edmonton · (780) 408-9800 · 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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