#416 111 Edwards Dr SW

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$188,000

#416 111 Edwards Dr SW

Ellerslie, Edmonton · MLS® E4510311

908 sq ft · Condo · Single Family · built 2006 · 30 days on market

listed by Reggie Sandhu, KIC Realty

realtor's description

Welcome to this spacious top-floor 2-bedroom, 2-bathroom condo in desirable community, Ellerslie. Offering top floor 908 sq ft. of living space, this bright unit features vaulted ceilings, an open-concept layout, newer vinyl flooring, appliances, and fresh paint. The south-facing balcony fills the home with natural light and provides a great outdoor space to enjoy. The primary bedroom offers a walk-in closet and private ensuite. Enjoy the convenience of in-suite laundry, extra storage, and a covered titled parking stall. Ideally located close to South Edmonton Common, shopping, amenities, major roadways, Highway 2, and the airport. A great opportunity for homeowners or investors!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 908 sq ft
parking: 0
year built: 2006
strata fee: $549 / mo ($0.60 / sq ft)
days on market: 30
MLS®: E4510311

features

Corner Site
Recreational
Washer
Dishwasher
Stove
Dryer

city assessment

$177,000

2026 assessment · market value as of July 1, 2025

Up 6.6% from $166,000 in 2025
$206,500 in 2016 (-14% over ten years)
Asking price is 6% above the assessment
Built 2006
Lot 94 m² (1,006 sq ft)
Floor area on the roll 919 sq ft

roll year	assessed
2026	$177,000
2025	$166,000
2024	$149,000
2023	$151,500
2022	$159,000
2021	$160,500
2020	$155,500
2019	$167,500

From City of Edmonton open data (property assessments), matched to #416 111 EDWARDS DRIVE SW. 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 $1,834 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

$1,368/mo

Mortgage $819 · Strata $549

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

estimated payment

$819/ monthly

loan $150,400

25-year amortization

down payment20% · $37,60020%+ 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: $95,329
land title fees: $445; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $38,045; down + land title fees
total paid: $245,729

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: $69/mo
cap rate: 5.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $819 · strata $549 · 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