#207 11007 83 AV NW

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$159,000

#207 11007 83 AV NW

Garneau, Edmonton · MLS® E4506265

662 sq ft · Condo · Single Family · built 1967 · 55 days on market

listed by Connor Honey, RE/MAX Excellence

realtor's description

Located steps from the University of Alberta and U of A Hospital, this fully renovated 1-bedroom, 1-bathroom condo is ideal for students, professionals, or investors. The unit features new vinyl plank flooring, a new modern kitchen, updated bathroom, and a spacious south-facing balcony. Inside, you’ll find a bright living room, dining area, large bedroom, full 4-piece bathroom, and additional storage. The building offers on-floor laundry, an assigned parking stall, visitor parking, and convenient access to ETS, LRT, and bike lanes. Within walking distance to the University of Alberta, hospital, and vibrant Whyte Avenue, this location is unbeatable. Condo fees are $476.72/month and include heat, water, electricity, building maintenance, and insurance.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 662 sq ft
parking: 0
year built: 1967
strata fee: $477 / mo ($0.72 / sq ft)
days on market: 55
MLS®: E4506265

features

No Animal Home
No Smoking Home
Refrigerator
Dishwasher
Stove

city assessment

$146,000

2026 assessment · market value as of July 1, 2025

Up 4.3% from $140,000 in 2025
$200,500 in 2016 (-27% over ten years)
Asking price is 9% above the assessment
Built 1967
Lot 25 m² (273 sq ft)
Floor area on the roll 710 sq ft

roll year	assessed
2026	$146,000
2025	$140,000
2024	$131,500
2023	$141,000
2022	$146,500
2021	$159,500
2020	$171,000
2019	$184,500

From City of Edmonton open data (property assessments), matched to #207 11007 83 AVENUE NW. 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 $1,513 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

$1,169/mo

Mortgage $693 · Strata $477

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

estimated payment

$693/ monthly

loan $127,200

25-year amortization

down payment20% · $31,80020%+ 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: $80,624
land title fees: $390; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $32,190; down + land title fees
total paid: $207,824

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: $1,300/mo
after all costs: −$8/mo
cap rate: 5.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $693 · strata $477 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Edmonton: CMHC's average there ($1,301) 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