#320 3357 16A AV NW

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$163,900

#320 3357 16A AV NW

Laurel, Edmonton · MLS® E4512286

621 sq ft · Condo · Single Family · built 2013 · 17 days on market

listed by . Manpreet Singh, Century 21 Quantum Realty

realtor's description

LOW CONDO FEES & NO CARPET! Attention first-time homebuyers and investors! Presenting a beautifully maintained 2-bedroom unit located in the heart of Laurel. This spacious and bright unit features a south-facing balcony that fills the space with natural light. Enjoy modern stainless steel appliances, NEW FLOORING (2024), generously sized bedrooms, a built-in work desk, in-suite laundry, wider corridors, and large windows. Conveniently located near the elevator, this well-managed condo includes TITLED UNDERGROUND PARKING and ample visitor parking. This PRIME LOCATION offers easy access to public transport, schools, parks, highways, and all major amenities. Welcome home!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 1
living area: 621 sq ft
parking: 0
year built: 2013
strata fee: $380 / mo ($0.61 / sq ft)
days on market: 17
MLS®: E4512286

features

Flat site
No Animal Home
Refrigerator
Dishwasher
Stove
Microwave Range Hood Combo

monthly cost

$1,094/mo

Mortgage $714 · Strata $380

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

estimated payment

$714/ monthly

loan $131,120

25-year amortization

down payment20% · $32,78020%+ 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: $83,109
land title fees: $400; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $33,180; down + land title fees
total paid: $214,229

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: $343/mo
cap rate: 7.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $714 · strata $380 · 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

Laurel, EdmontonGoogle Maps ↗

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 9 Svend Hansenhomes in this catchment
24543.4 km away · 2130 - 16 Avenue NW, Edmonton · (587) 489-4724 · website
Middle K to Gr 9 Svend Hansenhomes in this catchment
24543.4 km away · 2130 - 16 Avenue NW, Edmonton · (587) 489-4724 · website
Secondary Gr 10-12 W P Wagnerhomes in this catchment
24549.1 km away · 6310 Wagner Road NW, Edmonton · (780) 469-1315 · 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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