#502 11325 83 ST NW

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$149,900

#502 11325 83 ST NW

Parkdale (Edmonton), Edmonton · MLS® E4512457

926 sq ft · Condo · Single Family · built 2004 · 15 days on market

listed by Erica Ammar, Royal Lepage Arteam Realty

realtor's description

Welcome to this well-maintained top-floor, 5th floor condo, ideally located just minutes from downtown and the university! This bright and inviting unit features 2 bedrooms, 2 full bathrooms, and a functional open-concept layout perfect for comfortable everyday living. Enjoy the sunshine from your south-facing balcony, offering a great space to relax and unwind. Additional features include convenient in-suite laundry and a clean, well-cared-for interior. The building is very well maintained, making this an excellent opportunity for first-time buyers, students, professionals, or investors. Condo fees include heat and water, helping keep monthly expenses manageable. Enjoy the convenience of a central location close to downtown amenities, shopping, public transportation, and the university. Whether you're looking for a place to call home or a smart investment opportunity, this condo offers comfort, convenience, and exceptional value. Priced attractively at just $149,900.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 926 sq ft
parking: 0
year built: 2004
strata fee: $510 / mo ($0.55 / sq ft)
days on market: 15
MLS®: E4512457

features

See remarks
Washer
Refrigerator
Dishwasher
Stove
Dryer

city assessment

$162,000

2026 assessment · market value as of July 1, 2025

Up 11.3% from $145,500 in 2025
$222,500 in 2016 (-27% over ten years)
Asking price is 7% below the assessment
Built 2004
Lot 78 m² (845 sq ft)
Floor area on the roll 865 sq ft

roll year	assessed
2026	$162,000
2025	$145,500
2024	$142,000
2023	$152,500
2022	$162,500
2021	$168,500
2020	$161,000
2019	$171,500

From City of Edmonton open data (property assessments), matched to #502 11325 83 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 $1,679 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

$1,163/mo

Mortgage $653 · Strata $510

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

estimated payment

$653/ monthly

loan $119,920

25-year amortization

down payment20% · $29,98020%+ 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: $76,010
land title fees: $370; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $30,350; down + land title fees
total paid: $195,930

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: $274/mo
cap rate: 7.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $653 · strata $510 · 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