#39 11245 31 Avenue NW

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$69,988

#39 11245 31 Avenue NW

Sweet Grass, Edmonton · MLS® E4507228

608 sq ft · Condo · Single Family · built 1977 · 50 days on market

listed by Ke Wang, MaxWell Polaris

realtor's description

Welcome to your new home in the desirable community of Sweet Grass! This stunning one-bedroom unit offers the perfect combination of peace and convenience, with quick access to shopping centers and LRT. Step inside and feel the warmth of natural sunlight. The en-suite master bedroom features large window. The unit also comes with a spacious living room and ding room with Laminate Flooring. Don't miss out on this exceptional opportunity to own a beautiful and convenient home in the heart of Sweet Grass!

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 608 sq ft
parking: 0
year built: 1977
strata fee: $505 / mo ($0.83 / sq ft)
days on market: 50
MLS®: E4507228

features

Refrigerator
Stove
Hood Fan

city assessment

$67,000

2026 assessment · market value as of July 1, 2025

Up 8.9% from $61,500 in 2025
$101,000 in 2016 (-34% over ten years)
Asking price is 4% above the assessment
Built 1977
Lot 115 m² (1,238 sq ft)
Floor area on the roll 603 sq ft

roll year	assessed
2026	$67,000
2025	$61,500
2024	$56,000
2023	$58,500
2022	$60,000
2021	$65,000
2020	$72,500
2019	$78,000

From City of Edmonton open data (property assessments), matched to #39 11245 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 $694 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

$810/mo

Mortgage $305 · Strata $505

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

estimated payment

$305/ monthly

loan $55,990

25-year amortization

down payment20% · $13,99820%+ 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: $35,489
land title fees: $230; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $14,228; down + land title fees
total paid: $91,479

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: $351/mo
cap rate: 11.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $305 · strata $505 · 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