#303 5521 7 AV SW

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$158,000

#303 5521 7 AV SW

Charlesworth, Edmonton · MLS® E4513579

112

552 sq ft · Condo · Single Family · built 2014 · 5 days on market

listed by Tina Joa, RE/MAX Excellence

realtor's description

Beautiful, Bright & Ready to Welcome You Home! Looking for a place to call your own? This beautiful 1-bedroom, 1-bathroom condo is waiting for its next owner! Located on the 3rd floor, this bright, east-facing home welcomes the morning sunshine and offers a comfortable space to settle in and make your own. Enjoy the convenience of in-suite laundry, plus the added value of a titled energized surface parking stall. Whether you're a first-time buyer, looking to downsize, or searching for a smart addition to your investment portfolio, this home is worth a look. Location matters, and this one makes everyday living easy! You're close to schools and parks, with restaurants and grocery stores just a walk away. Less driving, more convenience, and everything you need close at hand. Beautiful, bright, and ready for its next chapter. Could that be with you? Let's get you home!

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 552 sq ft
parking: 2
year built: 2014
strata fee: $307 / mo ($0.56 / sq ft)
days on market: 5
MLS®: E4513579

features

Level
Refrigerator
Dishwasher
Stove
Microwave Range Hood Combo
Washer/Dryer Stack-Up

city assessment

$156,500

2026 assessment · market value as of July 1, 2025

Up 7.9% from $145,000 in 2025
$162,500 in 2016 (-4% over ten years)
Asking price is 1% above the assessment
Built 2014
Lot 48 m² (514 sq ft)
Floor area on the roll 560 sq ft

roll year	assessed
2026	$156,500
2025	$145,000
2024	$123,500
2023	$119,000
2022	$126,500
2021	$129,000
2020	$137,000
2019	$140,500

From City of Edmonton open data (property assessments), matched to #303 5521 7 AVENUE SW. 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 $1,622 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

$995/mo

Mortgage $688 · Strata $307

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

estimated payment

$688/ monthly

loan $126,400

25-year amortization

down payment20% · $31,60020%+ 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: $80,117
land title fees: $390; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $31,990; down + land title fees
total paid: $206,517

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: $166/mo
cap rate: 6.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $688 · strata $307 · 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