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#320 8604 GATEWAY BV NW
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Edmonton · Single Family · under $125,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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This one-bedroom condo offers a fantastic opportunity for investors, students, or buyers looking for an affordable property in a prime location. Situated close to the University of Alberta, Whyte Avenue, and the river valley, you’ll enjoy easy access to some of the city’s best amenities, dining, shopping, and walking trails. Inside, the spacious layout provides a functional floor plan with a large kitchen that opens to the living room, creating a comfortable space for everyday living. Patio doors lead to a nicely sized deck, perfect for enjoying some fresh air. The bedroom is conveniently located near the 4-piece bathroom, and the oversized storage room offers excellent flexibility for additional storage or organization. The unit also includes one assigned parking stall. Whether you’re looking to invest or purchase an affordable home in a highly desirable area, this property is a great opportunity. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 3.94 × 5.08 meters | |
| Dining room | 1.47 × 2.03 meters | |
| Kitchen | 2.76 × 3.68 meters | |
| Storage | 1.2 × 3.96 meters |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 3.62 × 3.75 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).
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 17, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.