#505 7839 96 ST NW

1 / 40

$400,000

#505 7839 96 ST NW

Ritchie, Edmonton · MLS® E4508826

222

1,451 sq ft · Condo · Single Family · built 1999 · 39 days on market

listed by David Schmitz, REMAX River City

realtor's description

Unique top-floor loft-style condo featuring 2 bedrooms, 2 ensuites, 2 decks and beautiful views overlooking Mill Creek Ravine! The open layout features a central living area with a bedroom on either side, creating a great sense of privacy and separation. Large windows fill the home with natural sunlight, while the loft-style design and vaulted ceilings add to the spacious feel. Enjoy the ravine views from either of the two decks, or bring your ideas and make this distinctive home your own. A new air conditioning unit provides added comfort, while the building exterior has recently been updated with new stucco, Hardie board, decks and windows. Ideally located close to Whyte Avenue, the University of Alberta, downtown, Mill Creek Ravine trails and public transportation.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 1,451 sq ft
parking: 2
year built: 1999
strata fee: $861 / mo ($0.59 / sq ft)
days on market: 39
MLS®: E4508826

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

features

Public Swimming Pool
Washer
Refrigerator
Stove
Dryer
Hood Fan

monthly cost

$2,604/mo

Mortgage $1,743 · Strata $861

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

estimated payment

$1,743/ monthly

loan $320,000

25-year amortization

down payment20% · $80,00020%+ 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: $202,828
land title fees: $820; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $80,820; down + land title fees
total paid: $522,828

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: −$1,167/mo
cap rate: 1.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,743 · strata $861 · 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

Ritchie, EdmontonGoogle Maps ↗

Rapid transit: Bonnie Doon LRT station, 1.5 km (about 23 min walk); Avonmore LRT station, 1.5 km (about 24 min walk).

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 Hazeldeanhomes in this catchment
24565.3 km away · 6715 - 97 Street NW, Edmonton · (780) 433-7583 · website
Middle Allendale / McKernanhomes in this catchment
Secondary Gr 10-12 Strathconahomes in this catchment
24566.2 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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