Experience ravine living in the heart of Central Edmonton. This 1 Bed + Den, 1.5 bathroom condo at Trinity Point is one of the city’s best-kept secrets — a concrete and steel constructed building tucked away next to Mill Creek Ravine with unbeatable access to Downtown, Whyte Avenue, the French Quarter, and the University of Alberta.
What makes living here so remarkable?
Location, Location, Location
Connected to the best of Edmonton
Mill Creek Ravine: Endless walking & biking trails at your doorstep
Whyte Avenue: Restaurants, cafés, nightlife, and shopping within minutes
Bonnie Doon & the French District: Rich cultural community with schools, parks, and markets
Downtown Edmonton: Quick commute to work, entertainment, and the Ice District
University of Alberta: A short bike or transit ride away
This is central living without compromise — a rare combination of nature, convenience, and quality construction.
Private balcony
Spectacular Mill Creek Ravine views
Step outside onto your private balcony and take in the uninterrupted views of Mill Creek Ravine. Surrounded by trees and green space, it’s a peaceful retreat perfect for morning coffee, evening unwinds, or simply enjoying nature without leaving the city.
Luxury Finishes
Elevate Everyday Living
This home is designed with details that make a difference. Cook like a chef in the gourmet kitchen featuring a gas stove, built-in oven, and granite counters with plenty of space to gather. Warmth and style flow throughout with engineered hardwood floors and a cozy gas fireplace, creating the perfect balance of comfort and sophistication.
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 own one of Edmonton’s most desirable ravine-view condos.
Data last updated on September 6, 2025 at 07:30 PM (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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