#114 12035 22 AV SW

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$149,999

#114 12035 22 AV SW

Heritage Valley Town Centre Area, Edmonton · MLS® E4507079

211

573 sq ft · Condo · Single Family · built 2014 · 50 days on market

listed by Paul Lamba, MaxWell Polaris

realtor's description

Exceptional value in Southwest Edmonton! Welcome to Rutherford Landing, a well-maintained, pet-friendly building in a prime location close to everyday essentials, excellent schools, commuter routes, parks, and the convenient Park & Ride transit centre, with future LRT expansion underway nearby. This bright 2-bedroom condo offers functional living space with a comfortable living room, practical kitchen, in-suite laundry, two well-sized bedrooms, and a private patio. Whether you're a first-time buyer, downsizing, or looking for a smart investment, this is an excellent opportunity to enjoy the convenience and lifestyle of Edmonton's southwest. Condo fees include heat and water, adding even more value and predictability to your monthly costs. With a functional layout, outdoor space, pet-friendly living, and a location that makes commuting and daily errands easy, this Rutherford Landing condo checks all the right boxes!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 1
living area: 573 sq ft
parking: 1
year built: 2014
strata fee: $322 / mo ($0.56 / sq ft)
days on market: 50
MLS®: E4507079

features

Flat site
Refrigerator
Dishwasher
Stove
Washer/Dryer Stack-Up

city assessment

$139,000

2026 assessment · market value as of July 1, 2025

Up 10.8% from $125,500 in 2025
$139,500 in 2016 (-0% over ten years)
Asking price is 8% above the assessment
Built 2014
Lot 55 m² (593 sq ft)
Floor area on the roll 570 sq ft

roll year	assessed
2026	$139,000
2025	$125,500
2024	$111,500
2023	$110,500
2022	$115,000
2021	$120,000
2020	$124,500
2019	$132,000

From City of Edmonton open data (property assessments), matched to #114 12035 22 AVENUE SW. 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 $1,440 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

$976/mo

Mortgage $654 · Strata $322

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

estimated payment

$654/ monthly

loan $119,999

25-year amortization

down payment20% · $30,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $76,060
land title fees: $370; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $30,370; down + land title fees
total paid: $196,059

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: $461/mo
cap rate: 8.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $654 · strata $322 · 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