Canon Ridge, Edmonton · MLS® E4513896
11
638 sq ft · Condo · Single Family · built 2007 · 2 days on market
listed by Jim Dhillon, RE/MAX Elite
Welcome to this well-maintained 1-bedroom, 1-bathroom condo offering an excellent opportunity for investors or first-time buyers. Featuring a bright & open layout, this spacious unit provides comfortable living with a functional design that maximizes every square foot. The kitchen flows seamlessly into the dining and living areas, creating an inviting space perfect for everyday living & entertaining. The generous primary bedroom is complemented by a full 4-piece bathroom as well as an in-suite laundry & ample storage throughout. Currently tenant occupied with a reliable tenant who would love to stay, making this a true turnkey investment opportunity with immediate rental income. Conveniently located close to shopping, schools, parks, public transit, major commuter routes, and Edmonton's beautiful river valley trail system. Whether you're looking to expand your investment portfolio or secure an affordable property in a desirable location, this condo offers exceptional value and long-term potential.
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
about $1,140 a year
The asking price 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. Without the city's assessment this uses the asking price, so it's a rough guide.
Costs: mortgage $479 · strata $361 · 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
Catchment schools, Edmonton Public Schools
24569.4 km away · 1150 Hermitage Road NW, Edmonton · (780) 476-3361 · website
24570.8 km away · 3150 - 139 Avenue NW, Edmonton · (780) 475-1760 · website
24570.3 km away · 11430 - 68 Street NW, Edmonton · (780) 479-1991 · 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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Walkability 39/100 · Mostly by car
Within a 10 minute walk: 1 cafe, 1 park or playground, 12 transit stops.
mihom score from OpenStreetMap places, by straight line distance.
nothing comparable on the market right now.