#408 10883 Saskatchewan Dr NW

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$119,000

#408 10883 Saskatchewan Dr NW

Garneau, Edmonton · MLS® E4501944

636 sq ft · Condo · Single Family · built 1968 · 82 days on market

listed by Carolyn Flexhaug, Royal Lepage Arteam Realty

realtor's description

Great One Bedroom Condo in Garneau! Steps from Edmonton’s Famous River Valley! The unit has new vinyl plank flooring, new countertops and new lighting, ready for new owners! The condo offers one bedroom, one full bathroom, lots of storage and full living room and kitchen. One covered parking stall included along with an additional storage unit. Building offers an exercise room and easy access to University of Alberta.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 636 sq ft
parking: 0
year built: 1968
strata fee: $611 / mo ($0.96 / sq ft)
days on market: 82
MLS®: E4501944

features

See remarks
Refrigerator
Dishwasher
Stove

city assessment

$114,000

2026 assessment · market value as of July 1, 2025

Down 4.2% from $119,000 in 2025
$181,000 in 2016 (-37% over ten years)
Asking price is 4% above the assessment
Built 1968
Lot 27 m² (295 sq ft)
Floor area on the roll 624 sq ft

roll year	assessed
2026	$114,000
2025	$119,000
2024	$122,500
2023	$126,000
2022	$136,000
2021	$144,500
2020	$156,000
2019	$156,500

From City of Edmonton open data (property assessments), matched to #408 10883 SASKATCHEWAN 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 $1,181 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

$1,129/mo

Mortgage $518 · Strata $611

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

estimated payment

$518/ monthly

loan $95,200

25-year amortization

down payment20% · $23,80020%+ 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: $60,341
land title fees: $320; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $24,120; down + land title fees
total paid: $155,541

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: $32/mo
cap rate: 5.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $518 · strata $611 · 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