#406 12650 142 AV NW

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$219,900

#406 12650 142 AV NW

Baranow, Edmonton · MLS® E4505489

222

861 sq ft · Condo · Single Family · built 2014 · 60 days on market

listed by Liesbeth Andries, REMAX River City

realtor's description

ATTENTION INVESTORS! This TOP-FLOOR condo is already tenant-occupied, with a lease in place until summer 2027 allowing you to step into an investment property with rental income already established, without the hassle of finding a tenant from scratch. Located in Solara at Skyview, this very well-maintained unit features 2 beds, 2 baths, a beautiful living room with a large window which allows for natural light to come through , a spacious kitchen with pantry & granite countertops, in-suite laundry, a balcony and 2 titled parking stalls. For your convenience, the complex also features a Fitness room. The location is unbeatable! Just steps from public transit and close to the Islamic School, with shopping, restaurants, services, parks and other amenities all nearby. Enjoy easy access to 127 Street and Anthony Henday Drive, making commuting throughout Edmonton and beyond a breeze. A fantastic opportunity for investors looking for a well-maintained, income-producing property in a highly convenient location!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 861 sq ft
parking: 2
year built: 2014
strata fee: $447 / mo ($0.52 / sq ft)
days on market: 60
MLS®: E4505489

features

Park/reserve
No Animal Home
No Smoking Home
Washer
Refrigerator
Dishwasher

monthly cost

$1,405/mo

Mortgage $958 · Strata $447

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

estimated payment

$958/ monthly

loan $175,920

25-year amortization

down payment20% · $43,98020%+ 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: $111,505
land title fees: $500; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $44,480; down + land title fees
total paid: $287,425

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: $32/mo
cap rate: 5.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $958 · strata $447 · 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

Baranow, EdmontonGoogle Maps ↗

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 9 Kensingtonhomes in this catchment
24589.0 km away · 13410 - 119 Street NW, Edmonton · (780) 455-1836 · website
Middle Gr 7-9 Rosslynhomes in this catchment
24588.4 km away · 13215 - 113A Street NW, Edmonton · (780) 453-1576 · website
Secondary Gr 10-12 Queen Elizabethhomes in this catchment
24587.5 km away · 9425 - 132 Avenue NW, Edmonton · (780) 476-8671 · 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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