#306 11420 40 AV NW

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$149,900

#306 11420 40 AV NW

Royal Gardens (Edmonton), Edmonton · MLS® E4506820

836 sq ft · Condo · Single Family · built 1970 · 51 days on market

listed by Jas Dogra, MaxWell Polaris

realtor's description

Strategically located in Royal Gardens. This 2 Bed 1 bath condo is right on 40th AVE connecting to 111 ST with access to all the major amenities. A well managed complex and sought after location. Corner unit with a huge balcony. All new appliances. investors delight or parents seeking accomodation for the university going kids. Unbeatable location at an affordable price.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 1
living area: 836 sq ft
parking: 0
year built: 1970
strata fee: $535 / mo ($0.64 / sq ft)
days on market: 51
MLS®: E4506820

features

No Animal Home
No Smoking Home
Washer
Refrigerator
Dishwasher
Stove

city assessment

$134,500

2026 assessment · market value as of July 1, 2025

Up 6.3% from $126,500 in 2025
$172,500 in 2016 (-22% over ten years)
Asking price is 11% above the assessment
Built 1970
Lot 51 m² (553 sq ft)
Floor area on the roll 818 sq ft

roll year	assessed
2026	$134,500
2025	$126,500
2024	$118,500
2023	$120,000
2022	$126,000
2021	$132,000
2020	$133,500
2019	$141,500

From City of Edmonton open data (property assessments), matched to #306 11420 40 AVENUE 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 $1,394 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

$1,188/mo

Mortgage $653 · Strata $535

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

estimated payment

$653/ monthly

loan $119,920

25-year amortization

down payment20% · $29,98020%+ 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: $76,010
land title fees: $370; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $30,350; down + land title fees
total paid: $195,930

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: $249/mo
cap rate: 7.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $653 · strata $535 · 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