#38 11265 31 AV NW

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$82,900

#38 11265 31 AV NW

Sweet Grass, Edmonton · MLS® E4513752

211

730 sq ft · Condo · Single Family · built 1977 · 3 days on market

listed by Shirley Nguyen, Royal Lepage Arteam Realty

realtor's description

AFFORDABLE HOMEOWNERSHIP OR INVESTMENT OPPORTUNITY! This well-maintained 2-bdrm, 1-bath condo offers a functional layout and exceptional value in a convenient south Edmonton location. The bright galley-style kitchen features ample cabinet and counter space, opening to a spacious dining area and comfortable living room. Large windows provide plenty of natural light throughout the home, while the generous bedrooms offer practical living space for first-time buyers, students, downsizers, or investors. Condo fees include heat, water, electricity, professional mgmt, exterior maintenance, reserve fund contributions, and common area upkeep, making ownership simple and predictable. Residents enjoy access to outstanding amenities including an indoor pool, fitness facilities, tennis and basketball courts, and ample green space. Conveniently located near schools, shopping, public transit, Century Park LRT, and major commuter routes, this property offers excellent value and long-term potential. A great opportunity

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 1
living area: 730 sq ft
parking: 1
year built: 1977
strata fee: $663 / mo ($0.91 / sq ft)
days on market: 3
MLS®: E4513752

features

Flat site
Refrigerator
Stove

city assessment

$86,000

2026 assessment · market value as of July 1, 2025

Up 8.9% from $79,000 in 2025
$119,000 in 2016 (-28% over ten years)
Asking price is 4% below the assessment
Built 1977
Lot 151 m² (1,625 sq ft)
Floor area on the roll 797 sq ft

roll year	assessed
2026	$86,000
2025	$79,000
2024	$69,000
2023	$70,000
2022	$70,500
2021	$80,000
2020	$90,500
2019	$98,500

From City of Edmonton open data (property assessments), matched to #38 11265 31 AVENUE NW. 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 $891 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

$1,024/mo

Mortgage $361 · Strata $663

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

estimated payment

$361/ monthly

loan $66,320

25-year amortization

down payment20% · $16,58020%+ 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: $42,036
land title fees: $255; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $16,835; down + land title fees
total paid: $108,356

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: $413/mo
cap rate: 11.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $361 · strata $663 · 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