156 Lee Ridge Rd NW

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$229,900

156 Lee Ridge Rd NW

Lee Ridge, Edmonton · MLS® E4490732

1,393 sq ft · 288 m² lot · Townhouse · Single Family · built 1975 · 149 days on market

listed by Edris Azizi, Capcity Realty Group

realtor's description

Perfect opportunity for a first time buyer or investor. Ideally located in a much sought-after community of Lee Ridge, this beautiful townhouse is close to all amenities. This property features an over-sized sunken living room, with patio doors which lead to the backyard deck, the kitchen is right across from a large dining room with ample space for those family dinners & gatherings, a fully finished basement with new luxury vinyl planks throughout the space, as well as 2 & 1/2 bathrooms.

property details

type: Townhouse, Single Family
bedrooms: 3
bathrooms: 3
living area: 1,393 sq ft
lot: 288 m²
parking: 0
year built: 1975
strata fee: $300 / mo ($0.22 / sq ft)
days on market: 149
MLS®: E4490732

features

See remarks
Public Swimming Pool
Washer
Refrigerator
Dishwasher
Stove

monthly cost

$1,302/mo

Mortgage $1,002 · Strata $300

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

estimated payment

$1,002/ monthly

loan $183,920

25-year amortization

down payment20% · $45,98020%+ 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: $116,576
land title fees: $515; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $46,495; down + land title fees
total paid: $300,496

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: $1,880/mo
after all costs: $253/mo
cap rate: 6.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,002 · strata $300 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Edmonton: CMHC's average there ($1,802) 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

Lee Ridge, EdmontonGoogle Maps ↗

Rapid transit: Millbourne/Woodvale LRT station, 1 km (about 16 min walk); Grey Nuns LRT station, 1.1 km (about 17 min walk).

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 Lee Ridgehomes in this catchment
24554.0 km away · 440 Millbourne Road East NW, Edmonton · (780) 462-3230 · website
Middle Gr 7-9 Edith Rogershomes in this catchment
24554.5 km away · 8308 Millwoods Road NW, Edmonton · (780) 462-3310 · website
Secondary Gr 10-12 J Percy Pagehomes in this catchment
24553.1 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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