#203 245 Edwards Dr SW

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

rent

$1,600/mo

after all costs

$236/mo

cap rate

6.8%

yearly net rent ÷ price

Costs: mortgage $762 · strata $438 · 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

Catchment schools, Edmonton Public Schools

• Elementary K to Gr 6 Sakawhomes in this catchment

  24547.5 km away · 5730 - 11A Avenue NW, Edmonton · (780) 463-1854 · website

• Middle Gr 7-9 Dan Knotthomes in this catchment

  24548.7 km away · 1434 - 80 Street NW, Edmonton · (780) 462-7954 · website

• Secondary Gr 10-12 J Percy Pagehomes in this catchment

  24549.1 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.