#205 10511 42 AV NW

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$199,999

#205 10511 42 AV NW

Rideau Park (Edmonton), Edmonton · MLS® E4510995

1,281 sq ft · Condo · Single Family · built 1998 · 25 days on market

listed by Jeremy Herrington, CIR Realty

realtor's description

Location, location, location! This spacious 1,281 sq. ft. unit is ideally situated within walking distance to public transportation, shopping, and everyday amenities. Just 11 minutes drive to the University of Alberta, 5 minutes to Southgate Centre, and 11 minutes to South Edmonton Common, this location offers incredible convenience. With multiple schools nearby, it’s also a great area for families to grow. Inside, you’ll find a bright and spacious open-concept floor plan with a large living area, generous laundry space, 3 bedrooms, and 2 full bathrooms. The unit also includes underground parking and a large balcony, perfect for relaxing and enjoying warm summer days. A fantastic opportunity for buyers looking for space, convenience, and a well-connected south Edmonton location.

property details

type: Condo, Single Family
bedrooms: 3
bathrooms: 2
living area: 1,281 sq ft
parking: 0
year built: 1998
strata fee: $787 / mo ($0.61 / sq ft)
days on market: 25
MLS®: E4510995

buying in a building from 1982 to 2000: what to read first

features

See remarks
Washer
Refrigerator
Dishwasher
Stove
Dryer

monthly cost

$1,659/mo

Mortgage $871 · Strata $787

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

estimated payment

$871/ monthly

loan $159,999

25-year amortization

down payment20% · $40,00020%+ 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: $101,414
land title fees: $460; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $40,460; down + land title fees
total paid: $261,413

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: $36/mo
cap rate: 5.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $871 · strata $787 · insurance ~$35 · 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

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 Rideau Parkhomes in this catchment
24561.2 km away · 10605 - 42 Avenue NW, Edmonton · (780) 437-0010 · website
Middle Gr 7-9 D S MacKenziehomes in this catchment
24561.0 km away · 4020 - 106 Street NW, Edmonton · (780) 438-9103 · website
Secondary Gr 10-12 Harry Ainlayhomes in this catchment
24561.6 km away · 4350 - 111 Street NW, Edmonton · (780) 413-2700 · 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.

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