#407 9810 178 ST NW

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$139,900

#407 9810 178 ST NW

La Perle, Edmonton · MLS® E4510668

775 sq ft · Condo · Single Family · built 1980 · 27 days on market

listed by Cindy Gannon, RE/MAX Real Estate

realtor's description

Ready to stop renting and have a place of your own? This bright top-floor one-bedroom condo is an affordable way to step into home ownership. Freshly painted and move-in ready, the smart layout makes great use of the space, with laminate flooring throughout—no carpet! The fresh, bright kitchen opens to a dining room and then step down to a comfortable living area with access to your private west facing balcony, giving you extra space to enjoy the warmer months. The bathroom features a new sink and tap, and a new storage room door is another recent update. Located in a great neighbourhood where you can walk to shopping, restaurants and everyday essentials, while still having easy access to the rest of the city. Comfortable, low-maintenance and easy to make your own, this is a great opportunity for a first-time buyer looking to start building equity. Also an excellent option for an investor looking for a practical, well-located property.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 775 sq ft
parking: 0
year built: 1980
strata fee: $430 / mo ($0.56 / sq ft)
days on market: 27
MLS®: E4510668

features

Flat site
No back lane
Refrigerator
Dishwasher
Stove
Hood Fan

city assessment

$110,000

2026 assessment · market value as of July 1, 2025

Up 7.3% from $102,500 in 2025
$152,500 in 2016 (-28% over ten years)
Asking price is 27% above the assessment
Built 1980
Lot 117 m² (1,256 sq ft)
Floor area on the roll 764 sq ft

roll year	assessed
2026	$110,000
2025	$102,500
2024	$90,500
2023	$90,500
2022	$99,500
2021	$99,500
2020	$106,500
2019	$130,000

From City of Edmonton open data (property assessments), matched to #407 9810 178 STREET 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 $1,140 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

$1,040/mo

Mortgage $610 · Strata $430

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

estimated payment

$610/ monthly

loan $111,920

25-year amortization

down payment20% · $27,98020%+ 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: $70,939
land title fees: $355; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $28,335; down + land title fees
total paid: $182,859

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: $121/mo
cap rate: 6.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $610 · strata $430 · 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