#203 12025 22 Ave SW SW

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$208,400

#203 12025 22 Ave SW SW

Heritage Valley Town Centre Area, Edmonton · MLS® E4511045

765 sq ft · Condo · Single Family · built 2014 · 24 days on market

listed by . Ajay Kumar, LPT Realty

realtor's description

Welcome to this excellent, bright and meticulously maintained unit with a TITLED UNDERGROUND PARKING. Home offers 2 beds & 2 full baths, open concept, top of the line appliances, granite counter tops, in-suite laundry and many more upgrades. Come home from the day's work & relax in the spacious living room. Sip your favorite drink on the balcony as you await your bbq. Master bedroom has 4pc ensuite bath and a big closet space. The 2nd bedroom is spacious as well. Laundry room is very spacious. New carpet freshly painted through the unit. Easy access to Anthony Henday, shopping, airport and so on. Park your car in the heated underground stall and you won't have to scrape ice on your car!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 765 sq ft
parking: 0
year built: 2014
strata fee: $471 / mo ($0.62 / sq ft)
days on market: 24
MLS®: E4511045

features

No Animal Home
No Smoking Home
Washer
Refrigerator
Dishwasher
Stove

city assessment

$172,500

2026 assessment · market value as of July 1, 2025

Up 9.5% from $157,500 in 2025
$178,500 in 2016 (-3% over ten years)
Asking price is 21% above the assessment
Built 2014
Lot 76 m² (821 sq ft)
Floor area on the roll 765 sq ft

roll year	assessed
2026	$172,500
2025	$157,500
2024	$141,500
2023	$144,500
2022	$150,000
2021	$155,500
2020	$158,000
2019	$166,500

From City of Edmonton open data (property assessments), matched to #203 12025 22 AVENUE SW. 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 $1,788 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

$1,379/mo

Mortgage $908 · Strata $471

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

estimated payment

$908/ monthly

loan $166,720

25-year amortization

down payment20% · $41,68020%+ 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: $105,674
land title fees: $480; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $42,160; down + land title fees
total paid: $272,394

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: $58/mo
cap rate: 5.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $908 · strata $471 · 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