#408 508 Albany WY NW NW

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

rent

$1,600/mo

after all costs

$40/mo

cap rate

5.4%

yearly net rent ÷ price

Costs: mortgage $958 · strata $439 · 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

Catchment schools, Edmonton Public Schools

• Elementary K to Gr 6 Loreleihomes in this catchment

  24594.4 km away · 16230 - 103 Street NW, Edmonton · (780) 456-4488 · website

• Middle Gr 7-9 Mary Butterworthhomes in this catchment

  24594.6 km away · 16315 - 109 Street NW, Edmonton · (780) 476-1480 · website

• Secondary Gr 10-12 Ross Sheppardhomes in this catchment

  24592.1 km away · 13546 - 111 Avenue NW, Edmonton · (780) 448-5000 · 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.