#206 12045 22 AV SW

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$166,000

#206 12045 22 AV SW

Heritage Valley Town Centre Area, Edmonton · MLS® E4507422

211

746 sq ft · Condo · Single Family · built 2014 · 48 days on market

listed by Vincent Hiew, Maximum Realty Inc.

realtor's description

Welcome to Rutherford Landing in the neighborhood of Heritage Valley Town Centre Area! Discover comfort & convenience. Excellently located 2-BEDROOM condo offers 745 sq/ft of well-designed living space. The unit features a spacious living room and has a patio door leading to a Sunny west-facing private balcony. The kitchen features dark maple cabinets, granite counter tops, double mounted sink, and stainless steel appliances. The primary bedroom offers a walk-in closet and leading to a shared full bathroom. The 2nd bedroom, located on the opposite side of the unit for added privacy. Convenience is key for this unit with In-suite laundry. This building is close to all amenities including schools, shopping, restaurants, public transportation, and major roadways like ANTHONY HENDAY DRIVE and ELLERSLIE ROAD. This unit is freshly paint and shows well, and move-in ready!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 1
living area: 746 sq ft
parking: 1
year built: 2014
strata fee: $422 / mo ($0.57 / sq ft)
days on market: 48
MLS®: E4507422

features

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

city assessment

$161,000

2026 assessment · market value as of July 1, 2025

Up 10.3% from $146,000 in 2025
$165,500 in 2016 (-3% over ten years)
Asking price is 3% above the assessment
Built 2014
Lot 76 m² (821 sq ft)
Floor area on the roll 693 sq ft

roll year	assessed
2026	$161,000
2025	$146,000
2024	$131,000
2023	$131,500
2022	$136,500
2021	$141,000
2020	$147,000
2019	$155,000

From City of Edmonton open data (property assessments), matched to #206 12045 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 $1,668 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

$1,145/mo

Mortgage $723 · Strata $422

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

estimated payment

$723/ monthly

loan $132,800

25-year amortization

down payment20% · $33,20020%+ 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: $84,174
land title fees: $405; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $33,605; down + land title fees
total paid: $216,974

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: $292/mo
cap rate: 7.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $723 · strata $422 · 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