#417 4403 23 ST NW

1 / 23

$199,900

#417 4403 23 ST NW

Larkspur, Edmonton · MLS® E4507003

211

940 sq ft · Condo · Single Family · built 2006 · 51 days on market

listed by Nicole Mazurak, RE/MAX Real Estate

realtor's description

Investor opportunity in desirable Larkspur. This tenant-occupied top floor 2 bedroom, 1 bathroom unit is already rented, offering a ready-made option for buyers seeking an income property. Ideally located beside the elevator and above the exercise room, this unit offers excellent privacy and a functional open-concept kitchen, dining, and living area with plenty of natural light. The spacious primary bedroom features a walk-through closet with direct access to the 4-piece bathroom with tub/shower, also accessible from the main living area. The second bedroom is ideal for a guest room, office, or additional living space. Includes one titled underground parking stall. Conveniently located near Tamarack shopping, public transit, Whitemud Drive, and Anthony Henday.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 1
living area: 940 sq ft
parking: 1
year built: 2006
strata fee: $609 / mo ($0.65 / sq ft)
days on market: 51
MLS®: E4507003

features

See remarks
Flat site
No Animal Home
Washer
Refrigerator
Dishwasher

city assessment

$172,500

2026 assessment · market value as of July 1, 2025

Up 4.5% from $165,000 in 2025
$218,000 in 2016 (-21% over ten years)
Asking price is 16% above the assessment
Built 2006
Floor area on the roll 872 sq ft

roll year	assessed
2026	$172,500
2025	$165,000
2024	$144,000
2023	$141,500
2022	$156,500
2021	$164,000
2020	$160,000
2019	$180,000

From City of Edmonton open data (property assessments), matched to #417 4403 23 STREET 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 $1,788 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

$1,480/mo

Mortgage $871 · Strata $609

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

estimated payment

$871/ monthly

loan $159,920

25-year amortization

down payment20% · $39,98020%+ 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: $101,364
land title fees: $460; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $40,440; down + land title fees
total paid: $261,284

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: −$43/mo
cap rate: 5.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $871 · strata $609 · 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