#428 2520 50 ST NW

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$174,900

#428 2520 50 ST NW

Mill Woods Town Centre, Edmonton · MLS® E4511141

809 sq ft · Condo · Single Family · built 1995 · 24 days on market

listed by Kevin Kraus, Sterling Real Estate

realtor's description

Renovated top floor condo unit offering 2 spacious bedrooms and 2 full bathrooms in a well-maintained building. This unit has been lovingly cared for and needs nothing, move in and enjoy from day one. Recently updated with new flooring throughout and stainless steel appliances, giving the space a fresh, modern feel. Clean and bright, this unit shows pride of ownership at every turn. One of the only units to feature 2 parking stalls and benefits from low condo fees, a rare combination in this area. Walking distance to Mill Woods Transit Center, Grey Nuns Hospital and Mill Woods Rec Center. This one won't last long!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 809 sq ft
parking: 0
year built: 1995
strata fee: $437 / mo ($0.54 / sq ft)
days on market: 24
MLS®: E4511141

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

features

See remarks
Refrigerator
Dishwasher
Stove
Microwave
Window Coverings

city assessment

$148,500

2026 assessment · market value as of July 1, 2025

Up 6.5% from $139,500 in 2025
$183,000 in 2016 (-19% over ten years)
Asking price is 18% above the assessment
Built 1995
Lot 96 m² (1,032 sq ft)
Floor area on the roll 807 sq ft

roll year	assessed
2026	$148,500
2025	$139,500
2024	$123,000
2023	$121,500
2022	$122,000
2021	$126,000
2020	$132,000
2019	$146,000

From City of Edmonton open data (property assessments), matched to #428 2520 50 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 $1,539 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

$1,199/mo

Mortgage $762 · Strata $437

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

estimated payment

$762/ monthly

loan $139,920

25-year amortization

down payment20% · $34,98020%+ 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: $88,687
land title fees: $415; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $35,395; down + land title fees
total paid: $228,607

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: $238/mo
cap rate: 6.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $762 · strata $437 · 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