#2 18315 89 AV NW

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$185,000

#2 18315 89 AV NW

Belmead, Edmonton · MLS® E4506879

990 sq ft · Townhouse · Single Family · built 1976 · 51 days on market

listed by James Mabey, Century 21 Masters

realtor's description

This bright townhome has been recently updated with new flooring and provides room to grow with a full unfinished basement. The main level includes a living room, powder bathroom, kitchen, and adjoining dining area. Upstairs three bedrooms share the main 4pc. bathroom. The property includes a private fenced yard and stall parking. Close to schools, shopping, transit, and all other amenities. Some photos are virtually staged.

property details

type: Townhouse, Single Family
bedrooms: 3
bathrooms: 2
living area: 990 sq ft
parking: 0
year built: 1976
strata fee: $629 / mo ($0.64 / sq ft)
days on market: 51
MLS®: E4506879

features

See remarks

city assessment

$180,000

2026 assessment · market value as of July 1, 2025

Up 10.4% from $163,000 in 2025
$179,000 in 2016 (1% over ten years)
Asking price is 3% above the assessment
Built 1976
Lot 233 m² (2,509 sq ft)
Floor area on the roll 990 sq ft

roll year	assessed
2026	$180,000
2025	$163,000
2024	$148,500
2023	$148,000
2022	$145,500
2021	$142,500
2020	$148,500
2019	$162,000

From City of Edmonton open data (property assessments), matched to #2 18315 89 AVENUE 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 $1,865 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

$1,435/mo

Mortgage $806 · Strata $629

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

estimated payment

$806/ monthly

loan $148,000

25-year amortization

down payment20% · $37,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $93,808
land title fees: $435; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $37,435; down + land title fees
total paid: $241,808

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: $119/mo
cap rate: 6.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $806 · strata $629 · 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