#706 10024 Jasper Av NW

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$90,000

#706 10024 Jasper Av NW

Downtown (Edmonton), Edmonton · MLS® E4510108

465 sq ft · Condo · Single Family · built 1968 · 31 days on market

listed by Joanne Griffith, MaxWell Devonshire Realty

realtor's description

Imagine waking up in the heart of downtown Edmonton, where the city is right outside your door and your car becomes optional. Welcome to Cambridge Lofts—a place where convenience, affordability, and an exciting urban lifestyle come together. Freshly painted and featuring newer appliances, this home is an ideal opportunity for the first-time buyer ready to stop renting, the downsizer looking for simplicity, the investor seeking a great location, or the student wanting to be close to everything. With direct access to the LRT, getting around the city is effortless. Spend your evenings enjoying dinner and drinks at nearby restaurants and pubs, catch a game or concert at Rogers Place, browse the shops, visit the library, or take a stroll through the beautiful river valley. The iconic Hotel Macdonald is just a short walk away, adding to the charm of this incredible downtown location. And with a secure building and the opportunity to own for potentially less than the cost of renting.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 465 sq ft
parking: 0
year built: 1968
strata fee: $319 / mo ($0.69 / sq ft)
days on market: 31
MLS®: E4510108

features

Refrigerator
Dishwasher
Stove

city assessment

$85,000

2026 assessment · market value as of July 1, 2025

Down 8.6% from $93,000 in 2025
$144,500 in 2016 (-41% over ten years)
Asking price is 6% above the assessment
Built 1998
Lot 4 m² (48 sq ft)
Floor area on the roll 398 sq ft

roll year	assessed
2026	$85,000
2025	$93,000
2024	$95,500
2023	$101,000
2022	$105,000
2021	$117,000
2020	$127,000
2019	$132,500

From City of Edmonton open data (property assessments), matched to #706 10024 JASPER AVENUE 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 $881 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

$711/mo

Mortgage $392 · Strata $319

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

estimated payment

$392/ monthly

loan $72,000

25-year amortization

down payment20% · $18,00020%+ 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: $45,636
land title fees: $265; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $18,265; down + land title fees
total paid: $117,636

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: $1,300/mo
after all costs: $450/mo
cap rate: 11.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $392 · strata $319 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Edmonton: CMHC's average there ($1,301) 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