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$119,000

#306 Condo 11460 40 AV NW NW

Royal Gardens (Edmonton), Edmonton · MLS® E4512262

926 sq ft · Condo · Single Family · built 1970 · 16 days on market

listed by Rory O'Shea, Homes & Gardens Real Estate Limited

realtor's description

Under $120K, Including TITLED PARKING! and you still get a real dining room, a big balcony and his and hers closets. This Cedarbrae condo in Royal Gardens has the kind of room that's hard to find at this price. Decorative arches frame the living and dining rooms and give the suite character you won't get in a new build. The galley kitchen is loaded with cupboards, the fridge was replaced in 2017 and the dishwasher has never been used. There's storage throughout the suite, your own stacking washer and dryer, and Telus fibre optic so fast internet is ready when you are. Fridge, stove, washer, dryer, dishwasher and window coverings all stay. Southgate Centre, the Southgate LRT and Whitemud Drive are all minutes away. Some photos virtually staged

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 1
living area: 926 sq ft
parking: 0
year built: 1970
strata fee: $656 / mo ($0.71 / sq ft)
days on market: 16
MLS®: E4512262

features

Flat site
Level
Washer
Refrigerator
Intercom
Dishwasher

property tax

about $1,233 a year

The asking price 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. Without the city's assessment this uses the asking price, so it's a rough guide.

monthly cost

$1,175/mo

Mortgage $518 · Strata $656

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

estimated payment

$518/ monthly

loan $95,200

25-year amortization

down payment20% · $23,80020%+ 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: $60,341
land title fees: $320; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $24,120; down + land title fees
total paid: $155,541

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: $262/mo
cap rate: 7.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $518 · strata $656 · 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