Rideau Park (Edmonton), Edmonton · MLS® E4504929
221
1,088 sq ft · Condo · Single Family · built 1998 · 64 days on market
listed by Lisa Anderson, MaxWell Devonshire Realty
Fabulous ground level unit is spruced up and waiting for you. This 2 bedroom and 2 full baths unit has been freshly painted and has new carpet. Open concept kitchen, dining area and living room. The kitchen has great storage and wonderful countertop space for all your meal prep and entertaining. The living room is bright with a gas fireplace that leads to a large patio with a nice view of the courtyard. This unit comes furnished, ideal as a turn-key investment property or for someone just starting out. There's an underground titled parking space with storage cage as well. The building also features an exercise room, meeting room and social room for your larger gatherings. This is a no smoking and no pet building, ideal for anyone with allergies. The location is the cherry on top! Walking distance to Whitemud Crossing, Earls, transit and much more. Easy access to the Whitemud and Calgary Trail.
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $827 · strata $698 · 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
Catchment schools, Edmonton Public Schools
24561.2 km away · 10605 - 42 Avenue NW, Edmonton · (780) 437-0010 · website
24561.0 km away · 4020 - 106 Street NW, Edmonton · (780) 438-9103 · website
24561.6 km away · 4350 - 111 Street NW, Edmonton · (780) 413-2700 · 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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Rapid transit: Southgate LRT station, 1.3 km (about 20 min walk).
$185,500
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $185,500 |
| 2025 | $176,000 |
| 2024 | $159,500 |
| 2023 | $170,500 |
| 2022 | $175,500 |
| 2021 | $183,000 |
| 2020 | $180,000 |
| 2019 | $197,500 |
From City of Edmonton open data (property assessments), matched to #114 10511 42 AVENUE NW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $1,922 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.
Rapid transit: Southgate LRT station, 1.3 km (about 20 min walk).
Walkability 89/100 · Very walkable: most errands on foot
Within a 10 minute walk: 1 grocery store, 25 places to eat or drink, 1 cafe, 6 parks and playgrounds, 4 schools, 25 transit stops.
mihom score from OpenStreetMap places, by straight line distance.