#209 8604 Gateway Bv NW

Strathcona, Edmonton · MLS® E4489806

111

489 sq ft · Condo · Single Family · built 1972 · 153 days on market

listed by Christopher Hampson, RE/MAX Excellence

realtor's description

Welcome to Melrose Place! Fantastic opportunity just steps from the University of Alberta, Whyte Avenue and the river valley. This bright and inviting 1 bedroom condo offers a spacious, functional layout with a well equipped galley kitchen, 4 piece bathroom and a large east facing balcony overlooking a quiet area. The expansive in suite storage room provides plenty of extra space while shared laundry on the 2nd and 3rd floors and a designated parking stall add everyday convenience. Perfect for students, first-time home buyers or investors, this unit combines comfort, location and value in one of Edmonton’s most desirable areas.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 489 sq ft
parking: 1
year built: 1972
strata fee: $456 / mo ($0.93 / sq ft)
days on market: 153
MLS®: E4489806

features

Corner Site
Lane
Refrigerator
Dishwasher
Stove

city assessment

$119,000

2026 assessment · market value as of July 1, 2025

Up 4.4% from $114,000 in 2025
$171,500 in 2016 (-31% over ten years)
Asking price is 16% below the assessment
Built 1972
Lot 49 m² (528 sq ft)
Floor area on the roll 614 sq ft

roll year	assessed
2026	$119,000
2025	$114,000
2024	$109,500
2023	$112,000
2022	$116,000
2021	$118,500
2020	$122,500
2019	$133,000

From City of Edmonton open data (property assessments), matched to #209 8604 GATEWAY BOULEVARD 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 $1,233 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

$891/mo

Mortgage $435 · Strata $456

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

estimated payment

$435/ monthly

loan $79,920

25-year amortization

down payment20% · $19,98020%+ 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: $50,656
land title fees: $280; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $20,260; down + land title fees
total paid: $130,576

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: $270/mo
cap rate: 8.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $435 · strata $456 · 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

location

Strathcona, EdmontonGoogle Maps ↗

Rapid transit: University LRT station, 1.8 km (about 27 min walk); Government Centre LRT station, 1.8 km (about 28 min walk).

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 King Edwardhomes in this catchment
24569.1 km away · 8530 - 101 Street NW, Edmonton · (780) 439-2491 · website
Middle Allendale / McKernanhomes in this catchment
Secondary Gr 10-12 Strathconahomes in this catchment
24568.6 km away · 10450 - 72 Avenue NW, Edmonton · (780) 439-3957 · 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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