#303 10883 Saskatchewan Dr NW

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$159,000

#303 10883 Saskatchewan Dr NW

Garneau, Edmonton · MLS® E4501856

652 sq ft · Condo · Single Family · built 1968 · 84 days on market

listed by Fan Yang, Mozaic Realty Group

realtor's description

SPECTACULAR RIVER VALLEY & DOWNTOWN VIEWS from renovated 652 sqft condo! Conveniently located on SASKATCHEWAN DRIVE & just steps to the river valley trails and walking distance to restaurants, coffee shops & UofA campus & Whyte Avenue! This ONE bedroom ONE bath unit has undergone complete renovation w/ BRAND NEW paint & vinyl flooring throughout & NEWER kitchen cabinets, quartz countertops, appliances and bathroom. Large living has the gorgeous views of downtown with a Murphy bed! Enjoy the summer breeze from the spacious north facing balcony. Unit comes with one surface parking stall #79 and storage locker #175. Condo fees include all the utilities & the building amenities which include an outside courtyard, fitness centre, social room, saunas & visitor parking! Perfect for students, young professionals work at UofA or downtown or investors.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 652 sq ft
parking: 0
year built: 1968
strata fee: $641 / mo ($0.98 / sq ft)
days on market: 84
MLS®: E4501856

features

Refrigerator
Dishwasher
Stove
Hood Fan
See remarks

city assessment

$124,000

2026 assessment · market value as of July 1, 2025

Down 4.6% from $130,000 in 2025
$197,500 in 2016 (-37% over ten years)
Asking price is 28% above the assessment
Built 1968
Lot 29 m² (310 sq ft)
Floor area on the roll 657 sq ft

roll year	assessed
2026	$124,000
2025	$130,000
2024	$133,000
2023	$139,000
2022	$151,500
2021	$158,500
2020	$167,000
2019	$175,500

From City of Edmonton open data (property assessments), matched to #303 10883 SASKATCHEWAN DRIVE 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 $1,285 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

$1,334/mo

Mortgage $693 · Strata $641

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

estimated payment

$693/ monthly

loan $127,200

25-year amortization

down payment20% · $31,80020%+ 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: $80,624
land title fees: $390; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $32,190; down + land title fees
total paid: $207,824

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: $1,300/mo
after all costs: −$173/mo
cap rate: 3.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $693 · strata $641 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Edmonton: CMHC's average there ($1,301) 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