#206 12111 51 AV NW,
Edmonton, Alberta
A two-bedroom, two-bathroom condominium in Malmo Plains, positioned where everyday convenience meets quiet residential calm. The building sits within easy reach of golf courses, schools, and shopping, with public transit close by for seamless connection to the rest of Edmonton. This is a neighbourhood where mature streetscapes and accessible amenities create a rhythm that works—whether you're commuting downtown, walking to the grocery store, or settling in for the weekend. At $259,800, the home offers an approachable entry point into ownership, ideal for first-time buyers or investors seeking rental appeal in a well-serviced pocket of the city. The two full bathrooms provide flexibility for roommates or guests, and the layout supports the kind of easy, uncluttered living that apartment ownership can deliver at its best.
Inside the home
The Payment Lab
Move the sliders. Compare fixed vs. variable. See exactly what this home costs you each month, with the math we’d use in your pre-approval.
Rates last updated from 26 Canadian lenders.
Can you afford this home?
Four quick questions and we'll run the federal stress test against this specific listing. You'll see if you qualify, your monthly payment, and a personal action plan — no credit pull, no obligation.
If rates move, what wins?
Variable starts $121/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 +1.00% is where variable becomes more expensive than today's locked fixed.
The Bank of Canada holds rates flat, cuts, or hikes less than +1.0% during your 5-year term. You'd save roughly $121/mo for as long as that holds.
BoC raises rates more than +1.0% 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 + $9,872 CMHC | $12,990 | $256,682 | $1,398 /mo | $68,000 | 4.34% · 25 yr |
10% + $7,248 CMHC | $25,980 | $241,068 | $1,313 /mo | $64,000 | 4.34% · 25 yr |
15% + $6,183 CMHC | $38,970 | $227,013 | $1,236 /mo | $61,000 | 4.34% · 25 yr |
20% | $51,960 | $207,840 | $1,161 /mo | $59,000 | 4.59% · 25 yr |
Get pre-approved.
A few questions and we'll come back with your actual buying power and the rates you actually qualify for.
Life around Edmonton.
Stepping outside means a three-minute walk to Firehouse Subs when you need something quick, or the quiet reward of Rainbow Valley Park fourteen minutes away, where trails dip into the river valley and the city noise fades behind the trees. Royal Gardens Park sits just as close—a neighbourhood green space that gets plenty of use from families and dog walkers who appreciate the open lawn. Roma Pizza has been feeding this corner of Edmonton for years, the kind of place where the counter staff remember regulars and the crust comes out blistered and golden. It's a pocket of the city where daily rhythms feel manageable and most of what you need sits within easy reach.
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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