#402 7905 96 ST NW

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$239,000

#402 7905 96 ST NW

Ritchie, Edmonton · MLS® E4513655

883 sq ft · Condo · Single Family · built 1998 · 4 days on market

listed by Daisy Aw, Century 21 Masters

realtor's description

Experience elevated adult living in the sought-after, vibrant community of Ritchie! This 4th-floor, 2-bedroom condo backs directly onto Mill Creek Ravine, offering breathtaking views & immediate access to scenic walking paths and paved bike trails. With over 850 sqft of open-concept living space, this home is perfect for both everyday living & entertaining. The spacious kitchen features a peninsula island with seating for 4, offering ample prep space for hosting & gathering. Cozy up by the gas fireplace in winter or unwind on the expansive balcony with glass railings, a gas BBQ hookup, & spectacular tree-lined ravine views. The primary bedroom sits conveniently across from the 4-piece bath, while the 2nd bedroom is ideal for guests or a home office. Additional features include in-suite laundry & secure underground parking for added convenience. Residents also enjoy access to a fully equipped fitness centre & a social room, fostering a welcoming & connected community atmosphere. Time to enjoy easy living!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 1
living area: 883 sq ft
parking: 0
year built: 1998
strata fee: $578 / mo ($0.65 / sq ft)
days on market: 4
MLS®: E4513655

buying in a building from 1982 to 2000: what to read first

features

Ravine
Park/reserve
See remarks

monthly cost

$1,619/mo

Mortgage $1,041 · Strata $578

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

estimated payment

$1,041/ monthly

loan $191,200

25-year amortization

down payment20% · $47,80020%+ 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: $121,190
land title fees: $535; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $48,335; down + land title fees
total paid: $312,390

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: −$182/mo
cap rate: 4.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,041 · strata $578 · 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

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 Hazeldeanhomes in this catchment
24565.4 km away · 6715 - 97 Street NW, Edmonton · (780) 433-7583 · website
Middle Allendale / McKernanhomes in this catchment
Secondary Gr 10-12 Strathconahomes in this catchment
24566.3 km away · 10450 - 72 Avenue NW, Edmonton · (780) 439-3957 · 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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