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$250,000

#116 4008 Savaryn Dr SW SW

Summerside, Edmonton · MLS® E4511607

222

918 sq ft · Condo · Single Family · built 2016 · 22 days on market

listed by . Amrinder Singh, smartPRO Realty

realtor's description

Former show suite! Immaculate and spacious main-level 2-bedroom, 2-bathroom unit in Summerside, featuring quartz countertops, in-suite laundry and a large balcony. Recent upgrades include new lighting, LVP flooring and MDF shelving throughout. Includes a storage cage, one heated underground parking stall and one energized surface stall—both titled. Well-maintained, professionally managed building with a fully equipped gym and social room. Enjoy exclusive Summerside lake access and a convenient location close to major thoroughfares, grocery stores, trendy restaurants and numerous amenities. Pet-friendly with board approval. Quick possession available

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 918 sq ft
parking: 2
year built: 2016
strata fee: $474 / mo ($0.52 / sq ft)
days on market: 22
MLS®: E4511607

features

Lake Privileges
Washer
Refrigerator
Dishwasher
Stove
Dryer

monthly cost

$1,564/mo

Mortgage $1,089 · Strata $474

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

estimated payment

$1,089/ monthly

loan $200,000

25-year amortization

down payment20% · $50,00020%+ 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: $126,768
land title fees: $550; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $50,550; down + land title fees
total paid: $326,768

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: −$127/mo
cap rate: 4.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,089 · strata $474 · 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

Summerside, EdmontonGoogle Maps ↗

schools

Catchment schools, Edmonton Public Schools

Elementary Gr 2-9 Michael Strembitskyhomes in this catchment
24543.7 km away · 4110 Savaryn Drive SW, Edmonton · (780) 392-3500 · website
Middle Gr 2-9 Michael Strembitskyhomes in this catchment
24543.7 km away · 4110 Savaryn Drive SW, Edmonton · (780) 392-3500 · website
Secondary Gr 10-12 J Percy Pagehomes in this catchment
24546.0 km away · 2707 Millwoods Road NW, Edmonton · (780) 462-3322 · 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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