403, 5418 52 Street
$85,000
403, 5418 52 Street
Sparling, Camrose · MLS® A2189293
111
500 sq ft · Condo · Single Family · built 1981 · 641 days on market
listed by Lucas Banack, RE/MAX Real Estate (Edmonton) Ltd.
realtor's description
Affordable maintenance free living in Camrose! This one bedroom, one bath condo would make a perfect starter home or investment opportunity. Located on the 4th floor of CityGate Condominiums, this unit features a great south facing view of Kingman Park next door, a galley kitchen and an extra storage area that could serve as an office or den. With the building having recently undertaken massive renovations, this diamond is ready to shine on the north side of Camrose.
property details
- type
- Condo, Single Family
- bedrooms
- 1
- bathrooms
- 1
- living area
- 500 sq ft
- parking
- 1
- year built
- 1981
- property tax
- $1,353 / yr
- strata fee
- $417 / mo ($0.83 / sq ft)
- days on market
- 641
- MLS®
- A2189293
features
- Parking
- Refrigerator
- Stove
monthly cost
$900/mo
Mortgage $370 · Tax $113 · Strata $417
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
if you rented it out
- rent
- $1,220/mo
- after all costs
- $187/mo
- cap rate
- 7.9%
- yearly net rent ÷ price
Costs: mortgage $370 · tax $113 · strata $417 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 1-bedroom in Camrose: CMHC's average there ($1,228) lowered by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (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
Sparling, CamroseGoogle Maps ↗
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