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$214,900

#414 5510 Schonsee Dr NW

Schonsee, Edmonton · MLS® E4511563

797 sq ft · Condo · Single Family · built 2014 · 22 days on market

listed by Janay Crowe, Exp Realty

realtor's description

Top-floor living just got a glow-up! This bright and stylish 2 bed, 2 bath condo at Northshore Condos in Schonsee has been freshly updated with brand-new carpet, new window coverings, and fresh paint so, all that’s left to do is move in. Offering 795 sq. ft. of smart, open-concept living, you’ll love the granite countertops, stainless steel appliances, wide-plank laminate flooring, and clever built-in desk nook. The primary suite features its own ensuite, while the second bedroom and full bath are perfect for guests, a roommate, or home office. Add in-suite laundry, titled heated underground parking, a storage locker, exercise room, party room, plus heat and water included in the condo fees. Steps from Lake Schonsee, parks, schools, shopping, and everyday essentials. This fresh top-floor find is ready for its next chapter!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 797 sq ft
parking: 0
year built: 2014
strata fee: $433 / mo ($0.54 / sq ft)
days on market: 22
MLS®: E4511563

features

Flat site
No Animal Home
No Smoking Home
Washer
Refrigerator
Dishwasher

monthly cost

$1,369/mo

Mortgage $936 · Strata $433

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

estimated payment

$936/ monthly

loan $171,920

25-year amortization

down payment20% · $42,98020%+ 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: $108,970
land title fees: $490; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $43,470; down + land title fees
total paid: $280,890

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: $1,600/mo
after all costs: $68/mo
cap rate: 5.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $936 · strata $433 · 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

location

Schonsee, EdmontonGoogle Maps ↗

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 Northmounthomes in this catchment
24587.0 km away · 14020 - 88A Street NW, Edmonton · (780) 475-5162 · website
Middle Gr 7-9 Dickinsfieldhomes in this catchment
24587.1 km away · 14320 - 88A Street NW, Edmonton · (780) 476-4646 · website
Secondary Gr 10-12 M E LaZertehomes in this catchment
24586.1 km away · 6804 - 144 Avenue NW, Edmonton · (780) 408-9800 · 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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