#319 508 Albany WY NW

1 / 36

$225,000

#319 508 Albany WY NW

Albany, Edmonton · MLS® E4500386

222

846 sq ft · Condo · Single Family · built 2013 · 94 days on market

listed by Ross Storoshenko, MaxWell Challenge Realty

realtor's description

Welcome to Elements at Albany! This recently refreshed third-floor corner unit offers 848 sq. ft. of well-designed living space with 2 bedrooms, 2 full bathrooms and 2 titled parking stalls—one surface stall and one secured, heated underground stall. Recent improvements include fresh paint and interior touch-ups, creating a clean, move-in-ready feel. The galley-style kitchen features dark cabinetry, ample counter space, a tiled backsplash, pantry, raised eating bar and stainless steel appliances. The spacious living room opens onto a covered northeast-facing balcony. The bright primary bedroom includes a walk-through closet and private 4-piece ensuite, while the second bedroom is located near the main 4-piece bathroom. Additional features include in-suite laundry, secure intercom entry, elevator access and indoor mailboxes. Conveniently located near shopping, walking trails, public transit and Anthony Henday Drive.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 846 sq ft
parking: 2
year built: 2013
strata fee: $451 / mo ($0.53 / sq ft)
days on market: 94
MLS®: E4500386

features

Lake Privileges
Washer
Refrigerator
Dishwasher
Stove
Dryer

monthly cost

$1,432/mo

Mortgage $980 · Strata $451

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

estimated payment

$980/ monthly

loan $180,000

25-year amortization

down payment20% · $45,00020%+ 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: $114,091
land title fees: $505; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $45,505; down + land title fees
total paid: $294,091

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: $5/mo
cap rate: 5.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $980 · strata $451 · 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

location

Albany, EdmontonGoogle Maps ↗

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 Loreleihomes in this catchment
24594.4 km away · 16230 - 103 Street NW, Edmonton · (780) 456-4488 · website
Middle Gr 7-9 Mary Butterworthhomes in this catchment
24594.6 km away · 16315 - 109 Street NW, Edmonton · (780) 476-1480 · website
Secondary Gr 10-12 Ross Sheppardhomes in this catchment
24592.1 km away · 13546 - 111 Avenue NW, Edmonton · (780) 448-5000 · 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.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.