#507 12111 51 AV NW

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$239,900

#507 12111 51 AV NW

Malmo Plains, Edmonton · MLS® E4508331

954 sq ft · Condo · Single Family · built 2004 · 43 days on market

listed by Gillian Kirkland, NOW Real Estate Group

realtor's description

Welcome to this PERFECT TOP FLOOR, CORNER UNIT condo offering comfort, style, and unbeatable convenience! VAULTED CEILINGS and large windows flood the open concept living space with natural light, while the cozy corner fireplace creates the perfect place to relax. This AIR CONDITIONED home features 2 spacious bedrooms, custom insulated blinds, phantom screen door, garburator, and a functional layout designed for easy living. UNDERGROUND PARKING with OVERSIZED STORAGE UNIT!! The well-managed building has seen major exterior upgrades including new siding, windows, and balconies(2024), leaving nothing to do but move in and enjoy! Amenities include a social room, guest suite, workout room, car wash, workshop, bike storage, and underground visitor parking. Located with quick access to public transit, shopping, dining, and walking trails!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 1
living area: 954 sq ft
parking: 0
year built: 2004
strata fee: $453 / mo ($0.47 / sq ft)
days on market: 43
MLS®: E4508331

features

See remarks
No Animal Home
No Smoking Home
Washer
Refrigerator
Dishwasher

monthly cost

$1,498/mo

Mortgage $1,045 · Strata $453

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

estimated payment

$1,045/ monthly

loan $191,920

25-year amortization

down payment20% · $47,98020%+ 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: $121,646
land title fees: $535; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $48,515; down + land title fees
total paid: $313,566

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: −$61/mo
cap rate: 4.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,045 · strata $453 · 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

Malmo Plains, EdmontonGoogle Maps ↗

Rapid transit: Southgate LRT station, 1.6 km (about 24 min walk); South Campus/Fort Edmonton Park LRT station, 1.8 km (about 29 min walk).

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 Lansdownehomes in this catchment
24566.7 km away · 12323 - 51 Avenue NW, Edmonton · (780) 434-3160 · website
Middle Gr 7-9 Avalonhomes in this catchment
24566.3 km away · 5425 - 114 Street NW, Edmonton · (780) 434-8402 · website
Secondary Gr 10-12 Harry Ainlayhomes in this catchment
24565.3 km away · 4350 - 111 Street NW, Edmonton · (780) 413-2700 · 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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