407 Aster Dr NW

Aster, Edmonton · MLS® E4513767

1,255 sq ft · Townhouse · Single Family · built 2026 · 3 days on market

listed by Wally Karout, Royal Lepage Arteam Realty

realtor's description

SIDE SEPARATE ENTRANCE , NO CONDO FEES and AMAZING VALUE! You read that right welcome to this brand new townhouse unit the “Bentley” Built by StreetSide Developments and is located in one of Edmonton's newest premier south east communities of Aster. With over 1250 square Feet, front and back yard is landscaped , also has a fenced back yard and a parking pad, this opportunity is perfect for a young family or young couple. Your main floor is complete with upgraded luxury Vinyl plank flooring throughout the great room and the kitchen. Highlighted in your new kitchen are upgraded cabinets, upgraded counter tops and a tile back splash. Finishing off the main level is a 2 piece bathroom. The upper level has 3 bedrooms and 2 full bathrooms that is perfect for a first time buyer. This home also comes with a side separate entrance perfect for future development. This home is move in ready

property details

type: Townhouse, Single Family
bedrooms: 3
bathrooms: 3
living area: 1,255 sq ft
parking: 0
year built: 2026
days on market: 3
MLS®: E4513767

features

See remarks
Public Swimming Pool
See remarks

city assessment

$388,500

2026 assessment · market value as of July 1, 2025

Asking price is 1% below the assessment
Built 2026
Lot 179 m² (1,924 sq ft)
Floor area on the roll 1,253 sq ft

From City of Edmonton open data (property assessments), matched to 407 ASTER DRIVE 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 $4,026 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

$1,677/mo

Mortgage $1,677

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$1,677/ monthly

loan $307,998

25-year amortization

down payment20% · $77,00020%+ 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: $195,221
land title fees: $795; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $77,795; down + land title fees
total paid: $503,220

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: $1,880/mo
after all costs: −$123/mo
cap rate: 4.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,677 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Edmonton: CMHC's average there ($1,802) 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

Aster, EdmontonGoogle Maps ↗

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 Jackson Heightshomes in this catchment
24545.2 km away · 311 Jackson Road NW, Edmonton · (780) 465-9797 · website
Middle Gr 7-9 Thelma Chalifouxhomes in this catchment
24544.2 km away · 2845 43A Avenue NW, Edmonton · (587) 489-4737 · website
Secondary Gr 10-12 W P Wagnerhomes in this catchment
24547.6 km away · 6310 Wagner Road NW, Edmonton · (780) 469-1315 · 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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