#714 10503 98 AV NW

1 / 35

$249,900

#714 10503 98 AV NW

Downtown (Edmonton), Edmonton · MLS® E4514174

978 sq ft · Condo · Single Family · built 2005 · 1 day on market

listed by Thomas Buchanan, Real Broker

realtor's description

PENTHOUSE LEVEL! Beautifully updated and ideally located on the south side of downtown, this bright southeast-facing suite offers soaring 10-ft ceilings, expansive windows and beautiful River Valley views. Inside, you'll find updated flooring and baseboards, fresh paint, a stylish feature wall, QUARTZ COUTNERTOPS, stainless steel kitchen appliances and additional cabinetry in the kitchen and primary closet. Other thoughtful improvements include upgraded lighting, sinks, faucets, door handles and cabinet hardware, plus a newer hot water tank and washer and dryer replaced in 2025. Enjoy the views from your private balcony and the convenience of HEATED UNDERGROUND PARKING. Walk to RE/MAX Field, the Legislature Grounds and River Valley trails with quick access to the University of Alberta, restaurants and downtown entertainment. RECENT CONDO FEE REDUCTIONS, a healthy reserve fund and planned landscaping improvements add to the appeal of this move-in-ready home. An exceptional blend of location and lifestyle.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 978 sq ft
parking: 0
year built: 2005
strata fee: $513 / mo ($0.52 / sq ft)
days on market: 1
MLS®: E4514174

features

Closet Organizers
Washer
Refrigerator
Dishwasher
Stove
Dryer

monthly cost

$1,602/mo

Mortgage $1,089 · Strata $513

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

estimated payment

$1,089/ monthly

loan $199,920

25-year amortization

down payment20% · $49,98020%+ 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: $126,717
land title fees: $550; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $50,530; down + land title fees
total paid: $326,637

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: −$165/mo
cap rate: 4.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,089 · strata $513 · 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

Downtown (Edmonton), EdmontonGoogle Maps ↗

Rapid transit: Government Centre LRT station, 600 m (about 9 min walk); Bay/Enterprise Square LRT station, 600 m (about 10 min walk).

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 Garneauhomes in this catchment
24572.0 km away · 10925 - 87 Avenue NW, Edmonton · (780) 433-1390 · website
Elementary K to Gr 12 Victoriahomes in this catchment
24573.4 km away · 10210 - 108 Avenue NW, Edmonton · (780) 426-3010 · website
Middle Allendale / McKernanhomes in this catchment

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.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.