Posted on
April 30, 2026
by
Caitlin Heine
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:
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
