#224 5125 Riverbend Rd NW

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$134,900

#224 5125 Riverbend Rd NW

Brander Gardens, Edmonton · MLS® E4502602

949 sq ft · Condo · Single Family · built 1978 · 78 days on market

listed by Christopher Hampson, RE/MAX Excellence

realtor's description

Bright & airy 2 bedroom 948 sqft condo in highly sought after Riverbend! Perfectly situated in the heart of Brander Gardens, this spacious unit offers the ideal blend of comfort, convenience and lifestyle. The open living & dining area is filled with natural light & flows seamlessly into a functional kitchen featuring ample counter space & walk-in pantry. Designed with privacy in mind, the two bedrooms are located on opposite sides of the unit ideal for roommates or guests. The large primary bedroom includes a 3pc ensuite while the 2nd bedroom is located near the main 4pc bath. The complex offers impressive amenities including an indoor pool, hot tub, sauna & games/recreation room. The building is professionally managed & well-maintained with condo fees that include heat & water. Steps from the scenic river valley, parks, walking trails, schools, shopping, restaurants & public transit. Whether you’re a first-time buyer or investor, this is an excellent opportunity.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 949 sq ft
parking: 0
year built: 1978
strata fee: $675 / mo ($0.71 / sq ft)
days on market: 78
MLS®: E4502602

features

Corner Site
Flat site
Refrigerator
Dishwasher
Stove
Hood Fan

city assessment

$140,000

2026 assessment · market value as of July 1, 2025

Up 13.8% from $123,000 in 2025
$175,500 in 2016 (-20% over ten years)
Asking price is 4% below the assessment
Built 1978
Lot 150 m² (1,616 sq ft)
Floor area on the roll 947 sq ft

roll year	assessed
2026	$140,000
2025	$123,000
2024	$114,500
2023	$115,000
2022	$133,500
2021	$137,000
2020	$141,000
2019	$166,000

From City of Edmonton open data (property assessments), matched to #224 5125 RIVERBEND ROAD 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 $1,451 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

$1,263/mo

Mortgage $588 · Strata $675

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

estimated payment

$588/ monthly

loan $107,920

25-year amortization

down payment20% · $26,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $68,404
land title fees: $345; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $27,325; down + land title fees
total paid: $176,324

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: $174/mo
cap rate: 6.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $588 · strata $675 · 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