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Edmonton · Single Family · under $550,000 · 3+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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10947 116 ST NW
Charming 1.5-storey character home in Queen Mary Park situated on a large 56' x 150' lot featuring a **permitted one-bedroom secondary suite** in the basement (*currently not in use*). Bright main floor living room with bay window overlooking the beautifully landscaped front yard and mature trees. The main floor also offers a renovated kitchen (2020), one bedroom and a 2-piece bath. Upstairs features two spacious bedrooms and a 4-piece bathroom. The basement includes the permitted secondary suite, shared laundry, utility room and storage. Front driveway plus rear lane access. Single attached garage currently used for storage. Major upgrades over the past 15 years include insulation, weeping tile, new sewer line from house to city (April 2024), pressure-treated north fence (2025), and new deck with privacy wall (2025). Excellent central location with quick access to downtown, ICE District, Brewery District, Manchester Square, Grant MacEwan University, Yellowhead Trail and West Edmonton Mall. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Second Kitchen | 3.4 × 4.21 meters |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 4.03 × 6.42 meters | |
| Kitchen | 3.49 × 2.45 meters | |
| Den | 2.2 × 2.45 meters | |
| Bedroom 3 | 3.52 × 2.72 meters |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 3.47 × 3.8 meters | |
| Bedroom 2 | 3.51 × 3.19 meters | |
| Bedroom 4 | 3.52 × 4.51 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
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Insurance estimate
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Commute
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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
-1.32%
Cap rate
4.60%
GRM
13.9
Break-even rent
$3,116
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.
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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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jul 1, 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.