#158 7805 71 ST NW

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$164,900

#158 7805 71 ST NW

King Edward Park, Edmonton · MLS® E4508410

111

663 sq ft · Condo · Single Family · built 2013 · 43 days on market

listed by Jamie Bhatti, Royal Lepage Arteam Realty

realtor's description

Welcome to this bright and well-maintained 1-bedroom ground floor unit in desirable King Edward Park! Offering 662 sq ft of comfortable living space, this home features an open layout, in-suite laundry, and a private patio for easy outdoor access. The building provides exceptional amenities including an indoor pool, hot tub, sauna, large fitness center, and a social room with a pool table, darts, full kitchen, and spacious patio area—perfect for entertaining or relaxing. Enjoy the convenience of secure underground parking and a private storage locker. Ideally located near major routes including the Anthony Henday, with shopping, transit, and parks just minutes away. Move-in ready and perfect for first-time buyers, downsizers, or investors!

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 663 sq ft
parking: 1
year built: 2013
strata fee: $578 / mo ($0.87 / sq ft)
days on market: 43
MLS®: E4508410

features

No Animal Home
No Smoking Home
Refrigerator
Dishwasher
Stove
Microwave Range Hood Combo

city assessment

$164,500

2026 assessment · market value as of July 1, 2025

Up 1.9% from $161,500 in 2025
$176,500 in 2016 (-7% over ten years)
Asking price is 0% above the assessment
Built 2013
Lot 46 m² (496 sq ft)
Floor area on the roll 671 sq ft

roll year	assessed
2026	$164,500
2025	$161,500
2024	$142,500
2023	$141,500
2022	$144,500
2021	$151,500
2020	$151,000
2019	$161,500

From City of Edmonton open data (property assessments), matched to #158 7805 71 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 $1,705 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

$1,297/mo

Mortgage $718 · Strata $578

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

estimated payment

$718/ monthly

loan $131,920

25-year amortization

down payment20% · $32,98020%+ 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: $83,616
land title fees: $400; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $33,380; down + land title fees
total paid: $215,536

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: −$136/mo
cap rate: 4.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $718 · strata $578 · 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