Looking for modern downtown living at an affordable price? Welcome to 515, 10518 113 Street NW in Queen Mary Park, a stylish 2 bedroom, 2 full bath condo in the sought-after Urban Maxx Living building. With an unbeatable location steps from MacEwan University, Rogers Place, the Brewery District, and downtown amenities, this is one of the best values on the market at $214,900.
Why This Condo Stands Out
What makes living here so remarkable?
Steel and concrete building
High Value
One of the biggest advantages of Urban Maxx Living is that it’s built with steel and concrete, not wood frame. This is a major differentiator in the Edmonton condo market. Better Soundproofing, Stronger Fire Safety, Long-Term Durability, Energy Efficiency, and Better ResaleValue.
Location
Queen Mary Park, Edmonton
Living at Urban Maxx puts you in the heart of one of Edmonton’s most exciting, evolving neighbourhoods.
MacEwan University – walk to class in minutes
Rogers Place & Ice District – Oilers games, concerts, nightlife
Brewery District – craft breweries, gyms, groceries, cafés
Manchester Square & 124 Street – trendy shops and restaurants
Transit-friendly – quick LRT & bus connections across the city
This neighbourhood is in the middle of Edmonton’s revitalization zone, which means ongoing investment, infrastructure improvements, and rising long-term value.
Why Rent
When You Can Own?
This condo proves you don’t need to compromise on lifestyle to stay within budget:
Downtown views from your living room
Modern finishes at an attainable price point
Move-in ready with quick possession available
Priced at $214,900—offering one of the best value-for-location deals in the city
Property Highlights
2 Bedrooms2 Bathrooms839 sq ftAir ConditioningModern kitchenStainless steel appliancesLarge PatioSecure Indoor ParkingDowntown ViewsBBQ Gas Hook UpIn Suite LaundryClose to Transit
Queen Mary Park
Queen Mary Park is one of Edmonton’s most walkable and evolving neighbourhoods, blending downtown convenience with local charm. Just steps from MacEwan University, Rogers Place, the Brewery District, and Manchester Square, the area is filled with trendy cafés, restaurants, breweries, and independent shops.
With ongoing revitalization projects and easy access to transit, Queen Mary Park is becoming a hub for students, young professionals, and investors who want to live close to the action while enjoying a true community vibe.
In the heart of Crestwood, Edmonton, a unique property at 14810 98 Avenue comes with an offer that could change the game for home hunters. Tucked away in one of Edmonton's most sought-after neighborhoods, this home not only boasts classic charm and modern amenities but also offers a financial perk that savvy buyers could only dream of—an assumable mortgage at a jaw-dropping rate.
For prospective homeowners, real estate market nuances can be the difference between a dream home and an unattainable one. This assumable mortgage presents a rare opportunity, allowing buyers to secure a property with a mortgage rate of 2.74% on until March 2027, well below the current average market rates. Let's dive into what an assumable mortgage is, why it's a golden find for buyers, and how it could transform your home buying experience in Edmonton.
What is an Assumable Mortgage?
An assumable mortgage allows a buyer to take over the seller's existing mortgage. This means the buyer assumes all the mortgage terms, principal balance, interest rate, repayment period, current monthly payment, and even the remaining time left on the seller's mortgage term. It's essential to note that not all mortgages are assumable, and those that are will need to meet certain criteria set by the lender and mortgage type.
The process is relatively straightforward, with the new buyer applying for credit with the lender to see if they qualify for the assumption. If approved, the seller is removed from the original mortgage, and the buyer assumes full responsibility with the same terms and conditions agreed upon when the seller first obtained the mortgage.
Advantages for Homebuyers
An assumable mortgage presents several tangible advantages for homebuyers, which include:
Lower Interest Rates
The most compelling benefit of an assumable mortgage is inheriting a mortgage with a lower interest rate than the current market average. This feature is especially attractive in times when interest rates are high, as it can lead to significant long-term savings on interest payments, reducing the overall cost of the home.
Potential Monthly Savings
By securing a lower interest rate, buyers can experience considerable monthly savings. In the case of 14810 98 Avenue, the 2.74% interest rate on the balance can translate into monthly savings of approximately $700. Over the course of a year, these savings add up to around $9,000, offering a substantial financial advantage.
Assumable mortgages can also come with transferrable benefits, such as the option to carry forward mortgage insurance or title insurance, saving the buyer additional costs and time.
14810 98 Avenue stands as a prime example of the value an assumable mortgage can bring to a home purchase. This charming property offers a blend of spacious living, a vibrant community, and a mortgage rate that's truly a standout feature.
With a principal balance of approximately $373,565.51, buyers of this home could enjoy the remaining term of the mortgage with an interest rate unfathomably lower than the current market standard. This rare opportunity demonstrates how an assumable mortgage can make homeownership more affordable and less stressful.
Potential Savings Calculation
For those looking to make this house their home, the substantial savings are not just a number on a page. Calculating the potential monthly savings, considering the current balance and interest rate, suggests a monthly repayment that is nearly $700 less than a typical mortgage at the current market rate. Over a year, a buyer is set to save almost $9000 that's a significant difference in the family's financial landscape.
A Secure Financial Path to Homeownership
An assumable mortgage is not just a niche offering in real estate; it’s a valuable financial tool. With the potential for long-term savings, stress-free approval processes, and a suite of transferable benefits, it could be the key to unlocking the door of your next home. Whether you're a first-time buyer or a seasoned investor, an assumable mortgage is a sign of changing tides in the housing market, and Crestwood's 14810 98 Avenue is at the forefront of this wave.
Don’t miss your chance to call this stylish central condo home.
Data last updated on August 29, 2025 at 07:30 AM (UTC).
Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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