#226 10511 42 AV NW

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$238,000

#226 10511 42 AV NW

Rideau Park (Edmonton), Edmonton · MLS® E4510889

1,276 sq ft · Condo · Single Family · built 1998 · 25 days on market

listed by Rachel Gubaton, MaxWell Polaris

realtor's description

The ULTIMATE EXECUTIVE ANCHOR NEAR Calgary Trail. LOCATION, SCALE & SOPHISTICATION. This massive 1369 sq ft (including balcony) CORNER UNIT is a masterclass in urban layout. Offering 3 FULL BEDROOMS to accommodate a Home Office and a Guest wing, it features a sprawling floorplan that flows effortlessly from a chef kitchen to a dining area built for a large scale entertaining. Sun-drenched from dual-aspect windows, this unit overlooks a private wooded perimeter rather than a parking lot. WITH UNDERGROUND TITLED PARKING, STORAGE, AN ON-SITE GYM, PARTY/SOCIAL ROOM, with a CONCIERGE ELEVATOR. An instant access to Whitemud; it is the perfect strategic base for the modern professional, close to GOLF COURSE. PRIVACY IS THE NEW LUXURY---SEE WHY LEARN THIS IS THE COMPLEX'S PREMIER UNIT.

property details

type: Condo, Single Family
bedrooms: 3
bathrooms: 2
living area: 1,276 sq ft
parking: 0
year built: 1998
strata fee: $824 / mo ($0.65 / sq ft)
days on market: 25
MLS®: E4510889

buying in a building from 1982 to 2000: what to read first

features

Private setting
Treed
See remarks
No Animal Home
No Smoking Home
Washer

city assessment

$211,000

2026 assessment · market value as of July 1, 2025

Up 6.6% from $198,000 in 2025
$279,000 in 2016 (-24% over ten years)
Asking price is 13% above the assessment
Built 1998
Lot 86 m² (921 sq ft)
Floor area on the roll 1,313 sq ft

roll year	assessed
2026	$211,000
2025	$198,000
2024	$183,500
2023	$192,500
2022	$204,500
2021	$206,500
2020	$208,000
2019	$228,000

From City of Edmonton open data (property assessments), matched to #226 10511 42 AVENUE 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 $2,187 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

$1,861/mo

Mortgage $1,037 · Strata $824

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

estimated payment

$1,037/ monthly

loan $190,400

25-year amortization

down payment20% · $47,60020%+ 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: $120,683
land title fees: $535; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $48,135; down + land title fees
total paid: $311,083

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: $1,880/mo
after all costs: −$167/mo
cap rate: 4.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,037 · strata $824 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Edmonton: CMHC's average there ($1,802) 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