#417 10717 83 AV NW

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$390,000

#417 10717 83 AV NW

Garneau, Edmonton · MLS® E4502560

1,192 sq ft · Condo · Single Family · built 1998 · 79 days on market

listed by Chuck Mulholland, Century 21 All Stars Realty Ltd

realtor's description

WOW! Incredible Opportunity to own a PENTHOUSE LOFT CONDO in the Heart of GARNEAU! Short Term Rental Friendly! Pet Friendly! This Ideal location is just a short walk from everything Whyte Ave has to offer, restaurants, quaint cafes, the Old Strathcona Farmer's Market, Sparkling Night Life, and minutes from the UofA! Walk to the Fringe! This 2-Storey open concept, 2 Bed, 2 Bath Home offers over 1150 Sq Ft of sophisticated living space! Stunning BRAND NEW Wide Plank HARDWOOD Floors, a kitchen with plenty of counter space, and a cozy corner fireplace in the living room. Upstairs to your Loft Style Primary Bedroom with tons of space, En-Suite bathroom, Walk-in-Closet, and patio doors to your very own PRIVATE ROOFTOP PATIO!! Newer Furnace. Titled Heated UNDERGROUND PARKING Stall and Storage! Garneau Lofts is undergoing a complete exterior building renovation. New Triple Pane Windows, Doors, Balconies, Hardie Board and More! MOST OF THE WORK AROUND THIS UNIT IS COMPLETE! Scaffolding is down!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 1,192 sq ft
parking: 0
year built: 1998
strata fee: $614 / mo ($0.52 / sq ft)
days on market: 79
MLS®: E4502560

buying in a building from 1982 to 2000: what to read first

features

Private setting
Closet Organizers
Refrigerator
Dishwasher
Stove
Microwave Range Hood Combo

monthly cost

$2,313/mo

Mortgage $1,699 · Strata $614

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

estimated payment

$1,699/ monthly

loan $312,000

25-year amortization

down payment20% · $78,00020%+ 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: $197,758
land title fees: $805; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $78,805; down + land title fees
total paid: $509,758

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: −$876/mo
cap rate: 2.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,699 · strata $614 · 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

Garneau, EdmontonGoogle Maps ↗

Rapid transit: University LRT station, 1.2 km (about 19 min walk); Health Sciences/Jubilee LRT station, 1.2 km (about 19 min walk).

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 Garneauhomes in this catchment
24570.1 km away · 10925 - 87 Avenue NW, Edmonton · (780) 433-1390 · website
Middle Allendale / McKernanhomes in this catchment
Secondary Gr 10-12 Strathconahomes in this catchment
24568.8 km away · 10450 - 72 Avenue NW, Edmonton · (780) 439-3957 · 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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