#407 5125 Riverbend Rd NW

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$122,500

#407 5125 Riverbend Rd NW

Brander Gardens, Edmonton · MLS® E4479457

696 sq ft · Condo · Single Family · built 1978 · 211 days on market

listed by Jonathan Lusok, Liv Real Estate

realtor's description

Exceptional opportunity in Brander Gardens! This well-maintained 1-bedroom condo offers incredible value at an affordable price point—perfect for first-time buyers, investors, or those looking to downsize. With approximately 696 sq ft of functional living space, this unit a spacious living and dining area, a generous primary bedroom, and a practical kitchen with ample cabinetry and storage. Enjoy the convenience of elevator access, laundry on every floor, and assigned parking. Condo fees include professional management, exterior maintenance, and water/sewer for added peace of mind. The complex offers impressive amenities including an indoor pool, hot tub, sauna & games/recreation room. Located steps from river valley trails, transit, and amenities, this is a smart buy at a cost often cheaper than rent.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 696 sq ft
parking: 0
year built: 1978
strata fee: $498 / mo ($0.72 / sq ft)
days on market: 211
MLS®: E4479457

features

See remarks
Refrigerator
Stove

city assessment

$113,500

2026 assessment · market value as of July 1, 2025

Up 13.5% from $100,000 in 2025
$145,000 in 2016 (-22% over ten years)
Asking price is 8% above the assessment
Built 1978
Lot 111 m² (1,192 sq ft)
Floor area on the roll 700 sq ft

roll year	assessed
2026	$113,500
2025	$100,000
2024	$93,000
2023	$95,500
2022	$109,500
2021	$115,000
2020	$118,000
2019	$139,000

From City of Edmonton open data (property assessments), matched to #407 5125 RIVERBEND ROAD NW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

property tax

about $1,176 a year

The 2026 assessment 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.

monthly cost

$1,032/mo

Mortgage $534 · Strata $498

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

estimated payment

$534/ monthly

loan $98,000

25-year amortization

down payment20% · $24,50020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $62,116
land title fees: $325; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $24,825; down + land title fees
total paid: $160,116

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: $1,300/mo
after all costs: $129/mo
cap rate: 6.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $534 · strata $498 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Edmonton: CMHC's average there ($1,301) 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