#83 1203 163 ST SW

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$255,000

#83 1203 163 ST SW

Glenridding Heights, Edmonton · MLS® E4505764

808 sq ft · Townhouse · Single Family · built 2020 · 59 days on market

listed by Ivan Falcos, Lux Real Estate Inc

realtor's description

*Top Floor End Unit!* The Westley model by StreetSide Developments offers a modern and functional design with quality finishes throughout. The ground level features an oversized single attached garage. The main living area on the second level showcases an open-concept layout with a spacious kitchen complete with quartz countertops, full tile backsplash, and included appliances. The kitchen flows into a bright living room with large windows that provide plenty of natural light and access to the private balcony. The home includes a primary bedroom with a walk-in closet and a 4-piece bathroom, along with a second bedroom ideal for guests or a home office. An enclosed laundry area with stackable washer and dryer is also included. Flooring consists of vinyl plank and carpet. The complex is well landscaped and offers ample visitor parking on site.

property details

type: Townhouse, Single Family
bedrooms: 2
bathrooms: 1
living area: 808 sq ft
parking: 0
year built: 2020
strata fee: $229 / mo ($0.28 / sq ft)
days on market: 59
MLS®: E4505764

features

No Smoking Home
Washer
Refrigerator
Dishwasher
Stove
Dryer

city assessment

$278,500

2026 assessment · market value as of July 1, 2025

Up 8.2% from $257,500 in 2025
Asking price is 8% below the assessment
Built 2020
Lot 122 m² (1,308 sq ft)
Floor area on the roll 934 sq ft

roll year	assessed
2026	$278,500
2025	$257,500
2024	$224,000
2023	$228,000
2022	$209,500

From City of Edmonton open data (property assessments), matched to #83 1203 163 STREET SW. 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 $2,886 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

$1,340/mo

Mortgage $1,111 · Strata $229

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

estimated payment

$1,111/ monthly

loan $204,000

25-year amortization

down payment20% · $51,00020%+ 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: $129,303
land title fees: $560; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $51,560; down + land title fees
total paid: $333,303

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: −$43/mo
cap rate: 5.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,111 · strata $229 · insurance ~$175 · 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