Listed at $99,900 · 2 Bedrooms · Top Floor · Fully Renovated · #502D – 2908 116A Ave NW

👉 View Full Listing + Photos: 502D, 2908 116A AVE
👉 Book a Showing Instantly: Contact Ludovic Aubertin

Finding a renovated, move-in ready two-bedroom condo in Edmonton under $100,000 in 2026 shouldn’t exist.

But it does.

And it’s not tucked away in a bad location or buried under compromise—it sits on the edge of one of the city’s most underrated neighbourhoods, steps from a park that rivals some of the best river valley access in Edmonton.

Looking for more affordable options?
👉 Browse all Edmonton condos under $150,000:

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The Numbers

Before anything else—space, layout, location—this is about the math.

Because this is where it stops being “interesting” and starts being obvious.

The average rent for a two-bedroom apartment in Edmonton is $1,568/month—before utilities, parking, or any control over future increases.

Here’s what ownership looks like:

• Minimum down payment (5%): $4,995

• Mortgage (4.04%, 25-year, insured): $518/month

• Property tax: $64/month

• Condo fee (includes heat, water, parking): $454/month

Total: ~$1,036/month

That’s about $530/month less than renting.

And instead of paying someone else’s mortgage, you’re paying your own.

👉 Want to see what you qualify for?

Mortgage Calculator

The Home Itself: Top Floor, Five Windows, No Trade-Offs

Unit 502D sits on the top floor of Parkridge Estates—no footsteps above you, no ceiling noise, just quiet.

At 841 sq ft, this is fully renovated space that doesn’t feel like a compromise or a temporary stop.

Five oversized windows run light through the entire unit. It’s bright, open, and comfortable to live in—not a dark corner unit you’re trying to make work.

What’s been done:

• Fresh paint and new vinyl plank flooring throughout

• Feature wallpaper that adds contrast and character

• Open kitchen with dishwasher, fridge, and electric stove

• Two proper bedrooms sized to fit real furniture

• Large in-suite storage with room to add a stacked washer/dryer

• Dedicated parking stall

• Same-floor shared laundry

• Rental pool option if your plans change

The condo fee is $453.81/month, covering:

• Heat, water, and sewer

• Exterior maintenance

• Snow removal and landscaping

• Professional management (Braden Equities Inc.)

• Reserve fund contributions

Rundle Heights: One of Edmonton’s Most Underrated Neighbourhoods

Rundle Heights is a mature northeast Edmonton community overlooking the North Saskatchewan River Valley. Established in the 1970s, it’s stable, functional, and often overlooked—which is exactly why the value still exists here.

What sets it apart isn’t just the neighbourhood itself. It’s what it sits beside.

Rundle Park

Rundle Park is one of the largest and most versatile parks in Edmonton.

Most people drive across the city to use it. Here, you walk.

Summer:

• Multi-use trails for walking, running, cycling, and mountain biking

• Disc golf course

• Beach volleyball courts

• Sports fields and baseball diamonds

• Paddleboat rentals

• Open green space and picnic areas

Winter:

• The Rundle Park IceWay — nearly 2 km of maintained skating trails

• Shinny pond

• Toboggan hills

• Warming huts and fire pits

• On-site skate rentals

Inside the park: the ACT Aquatic and Recreation Centre.

👉 Explore the neighbourhood:

Rundle Park

Daily Living: Simple and Close

Everything you need is within a few minutes:

• Groceries and shopping — Abbottsfield Mall, Capilano Mall

• Transit — Routes connecting to downtown + Clareview LRT

• Road access — Quick access to Anthony Henday

• Schools — Multiple public and Catholic options

• Library and recreation — EPL + nearby facilities

• Golf + river valley — Highlands, Riverside, Strathcona Science Park

Who This Is For

First-time buyers ready to stop renting

If you’ve been renting and waiting for ownership to feel realistic—this is it.
Low entry cost. Lower monthly cost than renting. Clear path into ownership.

Investors looking for cash flow

Rental pool option + strong two-bedroom demand.
At this price point, there’s actual margin.

Anyone priced out of the “starter home” market

Average detached in Rundle Heights: $390,000 (2025)
This: $99,900

Same neighbourhood. Same access. Different entry point.

The Smart Buy

Edmonton is still one of the most affordable major cities in Canada—but even here, renters are spending $18,816/year on housing they don’t own.

This changes that.

With a $4,995 down payment and monthly costs beating rent by over $500, this is one of the few properties where the numbers are clearly in your favour.

Top-floor. Renovated. Well-located.

Schedule a Showing

#502D – 2908 116A Ave NW, Edmonton, AB T5W 4R7
Listed at $99,900

View Property Details

Contact Ludovic Aubertin of ICONIC YEG:

📞 587-982-8304
📧 ludovic@iconicyeg.com

What Does the April 2026 Interest Rate Hold Mean for Edmonton Real Estate?

The Bank of Canada held its key interest rate at 2.25% in April 2026, but warned that rising oil prices and inflation could lead to future rate increases. In Edmonton, this creates a short-term window where borrowing conditions remain stable, inventory is higher, and demand is steady, but affordability could decline if rates rise later in 2026.

Bank of Canada Holds Rates. But Pressure Is Building.

On April 29, 2026, the Bank of Canada held its policy rate at 2.25%.

But this is not a long-term pause.

The Bank has been clear:

• Inflation is expected to rise to around 3% in the near term, largely due to energy prices

• Global instability, including conflict in the Middle East, is pushing oil prices higher

• If inflation spreads beyond energy, rate increases may be needed — potentially more than once

This is a holding pattern with upward pressure.

Why This Matters in Edmonton

Edmonton is more sensitive to oil than most Canadian markets.

Higher oil prices can:

• Support jobs and economic growth

• Increase migration into Alberta

• Strengthen housing demand

But they can also:

• Push inflation higher

• Increase the likelihood of higher interest rates

That combination creates a narrow window where:

• Demand is still active

• Borrowing conditions are still relatively manageable

• But future affordability may tighten if rates increase

Edmonton Real Estate Market Snapshot: Spring 2026

The latest data from the Realtors Association of Edmonton shows a market that is active, but more balanced than last year.

March 2026 Key Stats:

• 2,133 residential sales

  • ↑ 33.1% month-over-month

  • ↓ 14% year-over-year

• 3,809 new listings

  • ↑ 30.6% month-over-month

  • ↑ 4.2% year-over-year

• Inventory up 31.6% year-over-year

• Average price: $470,819

  • ↑ 3.4% month-over-month

  • ↑ 2.2% year-over-year

• Benchmark (HPI): $426,000

  • ↑ 1.5% month-over-month

  • ↓ 2.9% year-over-year

What this means:

• Buyers have more options than last year

• Sellers are facing more competition

• The market is still strong by historical standards, but less aggressive

As RAE Chair Darlene Reid noted:

“The frenzy is gone… but demand is still strong.”

Which Property Types Are Moving in Edmonton?

Detached Homes (Still Leading)

• Average price: $590,162

• ↑ 2.5% year-over-year

• Sales ↑ 38.9% month-over-month

Detached homes continue to anchor the market due to relative affordability compared to other major cities.

Semi-Detached Homes (Inventory Growth)

• New listings ↑ 35.6% month-over-month

• Prices slightly down month-over-month

More supply is giving buyers increased choice.

Townhomes & Condos (More Sensitive to Rates)

• Townhomes ↓ 2.2% year-over-year

• Condos ↓ 2.8% year-over-year

These segments tend to react first when affordability tightens.

The Market Has Shifted. Having a Strategy Now Matters More Than Ever.

This is no longer a market driven by urgency alone.

• Buyers are more selective

• Inventory is higher

• Pricing and presentation matter more

Homes are still selling, but not automatically.

What Happens If Interest Rates Increase?

Even modest increases affect both sides of the market.

For Buyers:

• Reduced purchasing power

• Higher monthly payments

• Stricter qualification

For Sellers:

• Smaller pool of qualified buyers

• Longer time on market

• Increased price sensitivity

These changes don’t happen all at once, but they build quickly.

Waiting Isn’t a Plan.

Many people are holding off, hoping for better conditions.

But in this environment, waiting often means:

• Facing higher borrowing costs if rates increase

• Competing with more listings (if selling)

• Making decisions under tighter conditions later

What This Means for Buyers

Right now, buyers are in a more balanced position than last year:

• More inventory

• Less competition intensity

• Rates still relatively stable

If rates increase, affordability may decline, even if prices don’t rise significantly.

👉 This may be one of the more favourable windows to enter the market before borrowing conditions change.

Start Home Search Here

What This Means for Sellers

The market is still working… for now, and maybe not for long. 

• Demand is steady

• Prices are holding

• Buyers are active

But:

• You are competing with more listings

• Buyers are more price-conscious

• Preparation and pricing matter more than ever

If rates increase, the buyer pool may shrink.

Get Custom Strategy to Sell Home

Bottom Line

The Edmonton real estate market in 2026 is rebalancing.

• Rates are steady today

• Inflation pressure is rising

• Inventory is higher

• Demand remains strong

This creates a period where acting with a clear plan matters more than waiting for perfect conditions.

Frequently Asked Questions (FAQ)

Is now a good time to buy a house in Edmonton in 2026?

It can be a favourable time for buyers because inventory is higher and competition is less intense than previous years. However, potential interest rate increases could reduce affordability later in 2026.

Will interest rates go up again in Canada in 2026?

The Bank of Canada has indicated that rate increases may be necessary if inflation rises beyond energy prices. While no immediate hike is confirmed, future increases remain possible.

Is the Edmonton housing market slowing down?

The market is not slowing dramatically but shifting into a more balanced state, with higher inventory and slightly lower year-over-year sales.

Are home prices dropping in Edmonton?

Prices are generally stable with modest year-over-year growth overall, though some segments like condos and townhomes have seen slight declines.

Should I sell my home now or wait?

That depends on your situation, but current conditions still support sellers. Waiting could mean facing more competition and a smaller buyer pool if interest rates rise.

Want to make a real plan?

If you’re thinking about buying or selling, don’t rely on assumptions.

I can help you understand:

• What you can realistically afford today

• What your home could sell for in the current market

• What strategy makes sense based on your timing

No pressure, just clear, practical guidance.

Caitlin Heine

📞 587-336-3176
📧 caitlin@iconicyeg.com
🌐 www.iconicyeg.com