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$150,000

#309 10883 Saskatchewan Dr NW

Garneau, Edmonton · MLS® E4506574

643 sq ft · Condo · Single Family · built 1968 · 53 days on market

listed by Rachel Fung, MaxWell Polaris

realtor's description

Welcome to Garneau! This beautifully updated one bedroom condo offers an incredible location just steps from Edmonton’s famous River Valley and minutes from the University of Alberta. Freshly updated with newer vinyl plank flooring, countertops and lighting, this move-in-ready home offers a spacious living room, functional kitchen, one bedroom, full bathroom and plenty of storage. Enjoy the convenience of an assigned parking stall plus an additional storage unit. The building also features an exercise room. Located in the heart of Garneau, you’ll have easy access to the U of A, LRT, parks, trails, shopping, restaurants and downtown Edmonton. Whether you’re a first-time buyer, student, professional or investor, this is an excellent opportunity to own in one of Edmonton’s most sought-after central communities!

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 643 sq ft
parking: 0
year built: 1968
strata fee: $626 / mo ($0.97 / sq ft)
days on market: 53
MLS®: E4506574

features

See remarks
Refrigerator
Stove
Microwave Range Hood Combo

monthly cost

$1,279/mo

Mortgage $654 · Strata $626

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

estimated payment

$654/ monthly

loan $120,000

25-year amortization

down payment20% · $30,00020%+ 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: $76,061
land title fees: $370; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $30,370; down + land title fees
total paid: $196,061

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: −$118/mo
cap rate: 4.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $654 · strata $626 · 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

location

Garneau, EdmontonGoogle Maps ↗

Rapid transit: University LRT station, 800 m (about 12 min walk); Health Sciences/Jubilee LRT station, 1.1 km (about 17 min walk).

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 Garneauhomes in this catchment
24570.9 km away · 10925 - 87 Avenue NW, Edmonton · (780) 433-1390 · website
Middle Allendale / McKernanhomes in this catchment
Secondary Gr 10-12 Strathconahomes in this catchment
24569.6 km away · 10450 - 72 Avenue NW, Edmonton · (780) 439-3957 · website

From the Edmonton Public Schools's published catchment maps (2021, the latest published). A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

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