#18 500 Lessard Dr NW

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

rent

$1,600/mo

after all costs

−$1,505/mo

cap rate

1.0%

yearly net rent ÷ price

Costs: mortgage $1,882 · strata $920 · insurance ~$175 · 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

Catchment schools, Edmonton Public Schools

• Elementary K to Gr 6 Centennialhomes in this catchment

  24574.9 km away · 17420 - 57 Avenue, Edmonton · (780) 481-5590 · website

• Middle Gr 7-9 S Bruce Smithhomes in this catchment

  24575.2 km away · 5545 - 184 Street NW, Edmonton · (780) 444-4946 · website

• Secondary Gr 10-12 Jasper Placehomes in this catchment

  24576.3 km away · 8950 - 163 Street NW, Edmonton · (780) 408-9000 · 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.