301, 5317 5 Avenue

Edson · MLS® A2350512

211

762 sq ft · Condo · Single Family · built 1977 · 19 days on market

listed by TROY SORENSEN, CENTURY 21 TWIN REALTY

realtor's description

Two-bedroom 1-bath condo with balcony at a great price. Perfect fixer-upper for an investor. Great location close to schools, parks, trails, and shopping/dining.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 1
living area: 762 sq ft
parking: 1
year built: 1977
property tax: $657 / yr
strata fee: $688 / mo ($0.90 / sq ft)
strata rules: Pets not Allowed
days on market: 19
MLS®: A2350512

features

Back lane
Pets not Allowed
Refrigerator
Dishwasher
Stove

property tax

about $599 a year

The asking price times Edson's 2026 residential rate of 10.42 per $1,000 (municipal and education).

The listing shows $657 a year in property tax.

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.

monthly cost

$994/mo

Mortgage $251 · Tax $55 · Strata $688

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

estimated payment

$251/ monthly

loan $46,000

25-year amortization

down payment20% · $11,50020%+ 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: $29,157
land title fees: $210; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $11,710; down + land title fees
total paid: $75,157

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: $1,660/mo
after all costs: $499/mo
cap rate: 15.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $251 · tax $55 · strata $688 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Alberta: CMHC's average there ($1,670) lowered by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (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