#116 12838 65 ST NW

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$119,900

#116 12838 65 ST NW

Belvedere, Edmonton · MLS® E4513903

111

619 sq ft · Condo · Single Family · built 2004 · 2 days on market

listed by Craig Finnman, Royal LePage Prestige Realty

realtor's description

Ask yourself -- why rent, when you can own this 1 bedroom + den condo for the same or less money. This 2004-built complex is situated just a stone's throw away from the LRT, giving great access to downtown, the University and NAIT. With underground parking, amenities and games room, and extra shed storage, there is a lot of value here for the money. This main floor unit boasts an open floor plan, warm neutral colours and a fully equipped kitchen, including built-in microwave and dishwasher, fridge, stove and plenty of cabinet space. The master has a walk-through closet and separate access to the main bath. The den provides welcome additional space and it even has a built-in desk and wall unit. This unit is located on the private side of the complex (away from the busy street), and even has a roomy patio. A modern, clean, well-equipped unit for an amazing, price -- great for investors and first-time buyers!

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 619 sq ft
parking: 1
year built: 2004
strata fee: $414 / mo ($0.67 / sq ft)
days on market: 2
MLS®: E4513903

features

See remarks
Exterior Walls- 2x6"
Refrigerator
Dishwasher
Stove
Garburator

city assessment

$90,500

2026 assessment · market value as of July 1, 2025

Up 8.4% from $83,500 in 2025
$133,500 in 2016 (-32% over ten years)
Asking price is 32% above the assessment
Built 2004
Lot 38 m² (414 sq ft)
Floor area on the roll 624 sq ft

roll year	assessed
2026	$90,500
2025	$83,500
2024	$87,500
2023	$92,000
2022	$96,500
2021	$104,500
2020	$110,000
2019	$119,500

From City of Edmonton open data (property assessments), matched to #116 12838 65 STREET 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 $938 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

$936/mo

Mortgage $522 · Strata $414

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

estimated payment

$522/ monthly

loan $95,920

25-year amortization

down payment20% · $23,98020%+ 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: $60,798
land title fees: $320; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $24,300; down + land title fees
total paid: $156,718

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: $225/mo
cap rate: 7.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $522 · strata $414 · 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