#4 11520 103 ST NW

Spruce Avenue, Edmonton · MLS® E4499990

836 sq ft · Townhouse · Single Family · built 2026 · 95 days on market

listed by Wally Karout, Royal Lepage Arteam Realty

realtor's description

MAKING INFILL AFFORADBLE!!!! Welcome to Spruce Ave 18! This brand new townhouse unit the “Niva Built by StreetSide Developments and is located close to the heart of down town Edmonton. With almost 840 square Feet, it comes with full landscaping, this opportunity is perfect for a young family or young couple. Your main floor is complete with upgrade luxury Vinyl Plank flooring throughout the great room and the kitchen. Highlighted in your new kitchen are upgraded cabinet and a tile back splash. The upper level has 2 bedrooms and a 2 full bathrooms. This town home also comes with a unfinished basement perfect for a future development. ***Home is under construction and the photos are of an artist rendering and finishing's may vary, will be complete by the end of November ***

property details

type: Townhouse, Single Family
bedrooms: 2
bathrooms: 2
living area: 836 sq ft
parking: 0
year built: 2026
strata fee: $86 / mo ($0.10 / sq ft)
days on market: 95
MLS®: E4499990

features

See remarks
Public Swimming Pool
See remarks

property tax

about $3,005 a year

The asking price 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. Without the city's assessment this uses the asking price, so it's a rough guide.

monthly cost

$1,349/mo

Mortgage $1,263 · Strata $86

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

estimated payment

$1,263/ monthly

loan $231,998

25-year amortization

down payment20% · $58,00020%+ 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: $147,050
land title fees: $625; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $58,625; down + land title fees
total paid: $379,048

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: −$52/mo
cap rate: 5.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,263 · strata $86 · insurance ~$175 · 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

Spruce Avenue, EdmontonGoogle Maps ↗

Rapid transit: NAIT LRT station, 500 m (about 7 min walk); NAIT/Blatchford Market LRT station, 700 m (about 11 min walk).

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 John A McDougallhomes in this catchment
24577.9 km away · 10930 - 107 Street NW, Edmonton · (780) 426-0205 · website
Elementary K to Gr 12 Victoriahomes in this catchment
24577.5 km away · 10210 - 108 Avenue NW, Edmonton · (780) 426-3010 · website
Middle Gr 7-9 Spruce Avenuehomes in this catchment
24578.2 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.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.