Investment signal

$45,900

320, 111 Charles Avenue

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Beds

Baths

Sqft

—

Year

1973

Type

Single Family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Fort McMurray. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to 320-111 Charles Ave — a well-located 2 bedroom condo right in the heart of downtown. This unit is currently tenant-occupied and producing solid rental income, making it a great opportunity for investors or buyers looking for an affordable property with built-in revenue. close to shopping, restaurants, transit, and everyday amenities, this condo offers practical living in a central location. Whether you're looking to expand your investment portfolio or get into the market at an attractive price, this property is priced to sell and worth a look. (id:65958)

Subtype: Single Family
Structure: Apartment
Community: Downtown
Common interest: Condo/Strata
Living area: 844 square feet
Bedrooms: 2 above grade, 0 below grade
Parking: 1 total
Condo/HOA fee: $635.1 monthly
Stories: 4
On market: Mar 1, 2026
Status changed: Apr 28, 2026
Annual tax: $242 (2025)
Zoning: CBD1
Photos: 1
MLS#: A2289738
Area: FORT_MCMURRAY

Features and systems

Appliances

RefrigeratorRangeHood Fan

Heating

Radiant heat

Cooling

None

Construction

Wood frame

Flooring

CarpetedVinyl

Community

Pets Allowed With Restrictions

Fee includes

Common Area MaintenanceWaste RemovalGround MaintenanceHeatWaterInsuranceReserve Fund ContributionsSewer

Positive cash flow ~$1,461/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

190.92%

Cap rate

43.05%

GRM

2.0

Break-even rent

$363

Financing

Down payment$9,180

Loan amount$36,720

Mortgage$186/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$21

Insurance$80

Maintenance$38

CapEx reserve$19

Vacancy loss$95

Estimates 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.

Mortgage estimate

Estimated $186/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 28, 2026.