#301 55 Akins Dr NW

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$139,900

#301 55 Akins Dr NW

Akinsdale, St. Albert · MLS® E4510429

902 sq ft · Condo · Single Family · built 1980 · 29 days on market

listed by Dan Chalifoux, Real Broker

realtor's description

INVESTORS! FIRST TIME BUYERS! Start your real estate journey in this fabulous 2 bed 1.5 bath condo in Akinsdale. This excellent starter unit has no carpet, a dishwasher, the aforementioned extra bathroom, a full dining area, and a huge storage room. The balcony is spacious and has an extra outside storage room. Laundry is right next to the unit making it super convenient. This pet friendly (board approval) affordable condo is on the south side of town making the commute to Edmonton that much easier. With schools, shopping, and public transportation out your front door this condo appeals to all buyers!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 902 sq ft
parking: 0
year built: 1980
strata fee: $473 / mo ($0.52 / sq ft)
days on market: 29
MLS®: E4510429

features

Refrigerator
Dishwasher
Stove
Hood Fan
Window Coverings

property tax

about $1,567 a year

The asking price times St. Albert's 2026 residential rate of 11.20 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.

monthly cost

$1,083/mo

Mortgage $610 · Strata $473

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

estimated payment

$610/ monthly

loan $111,920

25-year amortization

down payment20% · $27,98020%+ 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: $70,939
land title fees: $355; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $28,335; down + land title fees
total paid: $182,859

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: $354/mo
cap rate: 8.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $610 · strata $473 · 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