290 Lancaster TC NW

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$165,000

290 Lancaster TC NW

Dunluce, Edmonton · MLS® E4510560

1,055 sq ft · Townhouse · Single Family · built 1977 · 28 days on market

listed by Dave Johnston, REMAX River City

realtor's description

Great price for this Lancaster Terrace rare main level bungalow style condo with 3 well sized bedrooms, with 2 piece ensuite in the primary bedroom. The open style living room has a stone faced wood burning fireplace with sliding door access to the large deck and private backyard with vinyl fencing. The unit has newer windows and low maintenance landscaping in this complex. The laundry area and 4 piece main bathroom are off the bedrooms hallway. The units storage space is large, off of the kitchen. The enclosed covered parking stall is number E12. The condo is priced very well for what you are getting in the price range. Just add your finishing touches and you will have a nice home. The condo fee includes water & sewer. Pets are allowed with board approval. Additional parking available through the condo board for a low monthly fee. The location of this condo is close to parks and walking distance to schools, shopping, & transportation. Available for a quick possession.

property details

type: Townhouse, Single Family
bedrooms: 3
bathrooms: 2
living area: 1,055 sq ft
parking: 0
year built: 1977
strata fee: $452 / mo ($0.43 / sq ft)
days on market: 28
MLS®: E4510560

features

See remarks
Park/reserve
Recreational
Washer
Refrigerator
Stove

monthly cost

$1,171/mo

Mortgage $719 · Strata $452

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

estimated payment

$719/ monthly

loan $132,000

25-year amortization

down payment20% · $33,00020%+ 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: $83,667
land title fees: $400; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $33,400; down + land title fees
total paid: $215,667

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: $384/mo
cap rate: 8.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $719 · strata $452 · insurance ~$175 · 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

location

Dunluce, EdmontonGoogle Maps ↗

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 Dunlucehomes in this catchment
24591.7 km away · 11735 - 162 Avenue NW, Edmonton · (780) 456-9080 · website
Middle Gr 7-9 Rosslynhomes in this catchment
24589.5 km away · 13215 - 113A Street NW, Edmonton · (780) 453-1576 · website
Secondary Gr 10-12 Queen Elizabethhomes in this catchment
24588.5 km away · 9425 - 132 Avenue NW, Edmonton · (780) 476-8671 · 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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