#206 12111 51 AV NW,
Edmonton, Alberta
Tucked into Malmo Plains, this two-bedroom, two-bathroom condominium apartment offers a considered entry point in one of Edmonton's established northwestern pockets. The building sits within walking distance of schools, transit, and everyday shopping, while golfers will appreciate the nearby fairways. Inside, the floor plan dedicates space to two full bathrooms—a quiet luxury in this price range—and a layout that separates sleeping quarters from shared living areas. The address places you near green corridors and mature streetscapes, where the pace feels residential but the city's arteries remain close. At $269,800, it's a compelling proposition for first-time buyers or those rightsizing without sacrificing convenience or quality of finish.
Inside the home
The Payment Lab
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Rates last updated from 26 Canadian lenders.
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If rates move, what wins?
Variable starts $97/mo cheaper than fixed today. But variable rates move with the Bank of Canada — if they rise, your payment rises with them. This chart shows your monthly payment if BoC moves rates up or down during your term. The crossover at +0.75% is where variable becomes more expensive than today's locked fixed.
The Bank of Canada holds rates flat, cuts, or hikes less than +0.8% during your 5-year term. You'd save roughly $97/mo for as long as that holds.
BoC raises rates more than +0.8% and keeps them there. You'd be locked in below the variable rate the rest of the term.
Every down-payment, mapped
| Scenario | Down | Mortgage | Monthly | Income req. | Rate · amort |
|---|---|---|---|---|---|
Min. Down + $10,252 CMHC | $13,490 | $266,562 | $1,437 /mo | $69,000 | 4.24% · 25 yr |
10% + $7,527 CMHC | $26,980 | $250,347 | $1,350 /mo | $66,000 | 4.24% · 25 yr |
15% + $6,421 CMHC | $40,470 | $235,751 | $1,271 /mo | $63,000 | 4.24% · 25 yr |
20% | $53,960 | $215,840 | $1,181 /mo | $60,000 | 4.39% · 25 yr |
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A few questions and we'll come back with your actual buying power and the rates you actually qualify for.
Life around Edmonton.
Royal Gardens sits where convenience and quiet meet, just far enough from the rush to feel residential. A three-minute walk brings you to Firehouse Subs when you need something quick, while Rainbow Valley Park — fourteen minutes on foot — unfolds into wooded trails and river views that locals return to year-round. The neighbourhood hums with the kind of easy rhythm you notice after a few weeks: families heading to the leash-friendly walking trails, couples picking up pizza from Roma on Friday nights. It's the sort of place where your errands become part of your routine rather than interruptions to it.
Restaurants
Top 2 within 1.5 km"If you’re looking for a good sub sandwich you won’t go wrong with Firehouse. The subs we tried were very good. Nice buns, ample amount…"
"Tonight, I tried Roma's Pizza, since I've enjoyed & trusted Their Donairs twice."
Parks & green
Top 3 within 1.5 km"A wonderful park for children, adults and pets. Super recommended in autumn."
"Nice quiet trail next to the creek. You can hear it, very relaxing."
"This is a perfect place for a nice walk anytime of the year. Midway you can challenge yourself with climbing stairs back and forth. Can…"
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