#212 508 Albany Wy NW

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$182,500

#212 508 Albany Wy NW

Albany, Edmonton · MLS® E4495381

753 sq ft · Condo · Single Family · built 2013 · 123 days on market

listed by Sergio Maione, RE/MAX Elite

realtor's description

This wonderful second floor 2 bedroom, 2 bath condo offers an open-concept layout ideal for both everyday living & entertaining. The kitchen features espresso cabinetry, sleek black appliances, eat-up peninsula, & vinyl plank flooring that flows seamlessly into the dining nook and living room areas. The spacious primary bedroom includes a walk-through closet & a private 4 pc ensuite. A second bedroom and full bath provide flexibility for children, guests, roommate, or a home office. Enjoy the convenience of in-suite laundry with extra storage, along with a TITLED surface parking stall. Step outside to your covered patio, perfect for relaxing and summer BBQ’s. Ideally located within walking distance to shopping, schools, parks, trails, & public transit, with quick access to the Anthony Henday.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 753 sq ft
parking: 0
year built: 2013
strata fee: $361 / mo ($0.48 / sq ft)
days on market: 123
MLS®: E4495381

features

Flat site
Lake Privileges
Washer
Refrigerator
Dishwasher
Stove

city assessment

$179,000

2026 assessment · market value as of July 1, 2025

Up 4.1% from $172,000 in 2025
$177,000 in 2016 (1% over ten years)
Asking price is 2% above the assessment
Built 2013
Lot 68 m² (733 sq ft)
Floor area on the roll 758 sq ft

roll year	assessed
2026	$179,000
2025	$172,000
2024	$152,500
2023	$153,000
2022	$156,000
2021	$163,000
2020	$164,000
2019	$174,000

From City of Edmonton open data (property assessments), matched to #212 508 ALBANY WAY 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 $1,855 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

$1,156/mo

Mortgage $795 · Strata $361

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

estimated payment

$795/ monthly

loan $146,000

25-year amortization

down payment20% · $36,50020%+ 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: $92,540
land title fees: $435; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $36,935; down + land title fees
total paid: $238,540

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: $281/mo
cap rate: 7.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $795 · strata $361 · 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