#209 5370 Chappelle Rd SW

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$189,888

#209 5370 Chappelle Rd SW

Chappelle Area, Edmonton · MLS® E4493699

902 sq ft · Condo · Single Family · built 2016 · 132 days on market

listed by Prabin Shrestha, Royal LePage Noralta Real Estate

realtor's description

Welcome to Creekwood Landing! This well-maintained 2nd floor condo built in 2016 offers an amazing opportunity for homeowners and investors alike. Featuring 2 spacious bedrooms, 2 full bathrooms, and a generous den perfect for a home office or extra flex space. Enjoy the convenience of titled parking and titled storage. The open-concept layout offers a functional kitchen with beautiful appliances, granite countertops, in-suite laundry, and plenty of natural light throughout. The primary bedroom includes a walk-through closet and private ensuite bath. Currently tenant occupied with lease ending July 31, making possession available in the first week of August. Excellent location with bus stop right around the corner, schools and playground within a short 2-minute walk, plus quick access to shopping and amenities. A fantastic value in a desirable community!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 902 sq ft
parking: 0
year built: 2016
strata fee: $549 / mo ($0.61 / sq ft)
days on market: 132
MLS®: E4493699

features

See remarks
Washer
Refrigerator
Dishwasher
Stove
Dryer

monthly cost

$1,376/mo

Mortgage $827 · Strata $549

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

estimated payment

$827/ monthly

loan $151,910

25-year amortization

down payment20% · $37,97820%+ 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: $96,287
land title fees: $445; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $38,423; down + land title fees
total paid: $248,197

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: $61/mo
cap rate: 5.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $827 · strata $549 · 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

Chappelle Area, EdmontonGoogle Maps ↗

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 9 Garth Worthingtonhomes in this catchment
1.1 km away · 351 Chappelle Drive SW, Edmonton
Middle K to Gr 9 Garth Worthingtonhomes in this catchment
1.1 km away · 351 Chappelle Drive SW, Edmonton
Secondary Gr 10-12 Dr Anne Andersonhomes in this catchment
2.6 km away · 11810 35 Avenue SW, Edmonton

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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