#320 1510 Watt Dr SW

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$180,000

#320 1510 Watt Dr SW

Walker, Edmonton · MLS® E4512609

111

670 sq ft · Condo · Single Family · built 2016 · 15 days on market

listed by Josh Cudmore, Exp Realty

realtor's description

This bright and inviting third-floor condo offers 1 bedroom, den, a 4-piece bathroom, and a functional layout. Enjoy the convenience of in-suite laundry, a private balcony, heated underground parking, and an elevator for easy access. The spacious living area offers plenty of room to relax or entertain, while the bedroom and den provide comfortable private spaces. Ideally located within walking distance of Orchards Common, offering a variety of amenities, services, and everyday conveniences right at your doorstep. A fantastic opportunity for a first-time buyer, investor, or anyone looking for a great place to call home.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 670 sq ft
parking: 1
year built: 2016
strata fee: $378 / mo ($0.56 / sq ft)
days on market: 15
MLS®: E4512609

features

See remarks
Refrigerator
Dishwasher
Stove
Washer/Dryer Stack-Up

city assessment

$175,000

2026 assessment · market value as of July 1, 2025

Up 9.7% from $159,500 in 2025
$132,000 in 2016 (33% over ten years)
Asking price is 3% above the assessment
Built 2016
Lot 68 m² (735 sq ft)
Floor area on the roll 672 sq ft

roll year	assessed
2026	$175,000
2025	$159,500
2024	$140,500
2023	$145,000
2022	$142,000
2021	$157,500
2020	$160,000
2019	$163,000

From City of Edmonton open data (property assessments), matched to #320 1510 WATT DRIVE 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 $1,814 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

$1,162/mo

Mortgage $784 · Strata $378

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

estimated payment

$784/ monthly

loan $144,000

25-year amortization

down payment20% · $36,00020%+ 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: $91,273
land title fees: $425; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $36,425; down + land title fees
total paid: $235,273

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: −$1/mo
cap rate: 5.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $784 · strata $378 · 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