#4 10836 116 ST NW

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$102,000

#4 10836 116 ST NW

Queen Mary Park, Edmonton · MLS® E4513592

819 sq ft · Condo · Single Family · built 1978 · 5 days on market

listed by Rob DeJong, Schmidt Realty Group Inc

realtor's description

An incredible opportunity for first-time buyers or investors! This affordably priced 2-bedroom apartment condo offers exceptional value and an accessible entry into the market. Freshly painted throughout, the bright and inviting interior features a white kitchen with a modern backsplash, a separate dining area and a spacious living room with sliding doors leading to an east-facing patio, perfect for enjoying your morning sunshine. Two bedrooms provide comfortable space for everyday living or tenants, while the full bath has benefited from $3,000 in recent plumbing upgrades. In-suite laundry adds convenience and an assigned parking stall plus on-site visitor parking are welcome extras. Located in a well-managed complex in an excellent central location, minutes from MacEwan University, NAIT, the LRT, bus transit, shopping, cafés, restaurants, and the vibrant brewery district. Whether you're looking to build equity or expand your investment portfolio this is affordable living with outstanding potential!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 1
living area: 819 sq ft
parking: 0
year built: 1978
strata fee: $607 / mo ($0.74 / sq ft)
days on market: 5
MLS®: E4513592

features

No Animal Home
No Smoking Home
Washer
Refrigerator
Dishwasher
Stove

monthly cost

$1,051/mo

Mortgage $444 · Strata $607

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

estimated payment

$444/ monthly

loan $81,600

25-year amortization

down payment20% · $20,40020%+ 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: $51,721
land title fees: $290; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $20,690; down + land title fees
total paid: $133,321

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: $386/mo
cap rate: 9.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $444 · strata $607 · 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

Queen Mary Park, EdmontonGoogle Maps ↗

Rapid transit: MacEwan LRT station, 1 km (about 16 min walk); Kingsway/Royal Alex LRT station, 1.4 km (about 22 min walk).

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 John A McDougallhomes in this catchment
24577.6 km away · 10930 - 107 Street NW, Edmonton · (780) 426-0205 · website
Elementary K to Gr 12 Victoriahomes in this catchment
24577.2 km away · 10210 - 108 Avenue NW, Edmonton · (780) 426-3010 · website
Middle Gr 7-9 Spruce Avenuehomes in this catchment
24578.0 km away · 11424 - 102 Street NW, Edmonton · (780) 479-0155 · 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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