#123 5370 Chappelle Rd SW

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$160,000

#123 5370 Chappelle Rd SW

Chappelle Area, Edmonton · MLS® E4510955

710 sq ft · Condo · Single Family · built 2016 · 25 days on market

listed by Geoff Gold, Century 21 All Stars Realty Ltd

realtor's description

Exceptional Value! Welcome to Creekwood Landing I in the desirable Southwest community of Chappelle! This 2-bedroom, 2-bathroom condo is in a newer building and is ideal for first-time buyers, small families, downsizers, roommates, or investors. Featuring new flooring, fresh paint, granite countertops, stainless steel appliances, and convenient in-suite laundry, this move-in-ready home combines comfort and style. The functional layout places the two bedrooms on opposite sides of the unit, offering privacy and flexibility for guests, roommates, or a home office. A primary suite with 4 pce Ensuite and a separate main 4 pce bath. Storage Room with Insuite Laundry. Enjoy your private patio backing onto green space, perfect for relaxing outdoors. 1 Assigned parking stall along with plenty of visitor parking. Conveniently located near schools, shopping, public transportation, walking trails, and amenities, this is an excellent opportunity to own a 2-bedroom, 2-bathroom condo at an attractive price!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 710 sq ft
parking: 0
year built: 2016
strata fee: $438 / mo ($0.62 / sq ft)
days on market: 25
MLS®: E4510955

features

See remarks
Level
Refrigerator
Dishwasher
Stove
Hood Fan

monthly cost

$1,135/mo

Mortgage $697 · Strata $438

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

estimated payment

$697/ monthly

loan $128,000

25-year amortization

down payment20% · $32,00020%+ 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: $81,131
land title fees: $390; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $32,390; down + land title fees
total paid: $209,131

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: $302/mo
cap rate: 7.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $697 · strata $438 · 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

Chappelle Area, EdmontonGoogle Maps ↗

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 9 Garth Worthingtonhomes in this catchment
1.1 km away · 351 Chappelle Drive SW, Edmonton
Middle K to Gr 9 Garth Worthingtonhomes in this catchment
1.1 km away · 351 Chappelle Drive SW, Edmonton
Secondary Gr 10-12 Dr Anne Andersonhomes in this catchment
2.5 km away · 11810 35 Avenue SW, Edmonton

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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