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Edmonton · Single Family · under $350,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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10516 63 AV NW
Prime opportunity in the heart of sought-after Allendale! Nestled on a beautifully maintained, tree-lined street in one of Edmonton’s most desirable mature neighbourhoods, this property offers endless possibilities. Whether you're looking to build your dream home, renovate and personalize the existing residence, hold as a rental investment, or explore future redevelopment potential, this property provides the flexibility to match your goals. Surrounded by established homes and quality newer development, the location is truly exceptional. Enjoy being just minutes from the University of Alberta, Whyte Avenue, schools, parks, transit, shopping, dining, and major commuter routes, making it easy to access every corner of the city. The existing bungalow is comfortable and functional, offering immediate livability or rental income while you plan for the future. An outstanding opportunity to secure a property in a mature, highly sought-after community that continues to see strong growth & revitalization (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 3.8 × 4.26 meters | |
| Dining room | 3.49 × 2.05 meters | |
| Kitchen | 3.8 × 2.92 meters | |
| Primary Bedroom | 2.57 × 4.75 meters | |
| Bedroom 2 | 2.57 × 2.72 meters |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-1.71%
Cap rate
4.52%
GRM
13.8
Break-even rent
$1,995
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 13, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.