#205 5065 31 AV NW

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$159,900

#205 5065 31 AV NW

Tawa, Edmonton · MLS® E4500443

781 sq ft · Condo · Single Family · built 1992 · 94 days on market

listed by Derek Burak, Royal Lepage Arteam Realty

realtor's description

AMAZING OPPORTUNITY TO OWN this 2 bedroom, 2 bathroom unit in a great Southeast Edmonton location perfect for first-time buyers, young professionals, and investors alike! The functional layout features a large living room open to the kitchen and dining areas. The primary room is spacious and features a WALK-THROUGH CLOSET to the 4-PCE ENSUITE. A second bedroom, 4-pce bathroom, IN-SUITE LAUNDRY, and outdoor patio complete this unit. One assigned parking stall is included as well as on-site visitor parking available. The building has great overall curb appeal with newer balconies, siding, and windows. Conveniently located within walking distance of Grey Nuns Hospital, the LRT, public transportation, and Millwoods Town Centre. Easy access to 50th Street, Anthony Henday, grocery stores, medical, and plenty of shops and restaurants. DON’T MISS THIS OPPORTUNITY TO OWN!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 781 sq ft
parking: 0
year built: 1992
strata fee: $392 / mo ($0.50 / sq ft)
days on market: 94
MLS®: E4500443

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

features

No Smoking Home
Refrigerator
Dishwasher
Stove
Washer/Dryer Stack-Up

monthly cost

$1,088/mo

Mortgage $697 · Strata $392

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

estimated payment

$697/ monthly

loan $127,920

25-year amortization

down payment20% · $31,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 26, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $81,081
land title fees: $390; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $32,370; down + land title fees
total paid: $209,001

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: $349/mo
cap rate: 7.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $697 · strata $392 · 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

location

Tawa, EdmontonGoogle Maps ↗

Rapid transit: Mill Woods LRT station, 600 m (about 10 min walk); Grey Nuns LRT station, 800 m (about 12 min walk).

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 Weinloshomes in this catchment
24550.0 km away · 2911 - 48 Street NW, Edmonton · (780) 462-5261 · website
Middle Gr 7-9 Kate Chegwinhomes in this catchment
24550.1 km away · 3119 - 48 Street NW, Edmonton · (780) 469-0470 · website
Secondary Gr 10-12 W P Wagnerhomes in this catchment
24553.6 km away · 6310 Wagner Road NW, Edmonton · (780) 469-1315 · 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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