Assurance A – 9322

1638 ERKER WAY NW,Edgemont East,South West Edmonton

$609,900

Assurance A – 9322

1638 ERKER WAY NW,Edgemont East,South West Edmonton

$609,900

Price

5

Beds

2

Baths

2263 Sq. Ft.

$269.51/Sq. Ft.

April 06 2023 -July 05 2023

Estimated Construction Completion Date

The Assurance is an Evolve plan has everything you want and need in a home. Double attached garage & separate side entrance, 9' ceilings on main floor & Luxury Vinyl Plank Flooring throughout the main floor also the whole home has attractive SLD recessed lighting. Inviting foyer that branches off to the convenient full 3 piece bath that also connects to the main floor bedroom that opens to the kitchen through french doors. The mud room also a separate door to the basement and large open closet that can also be accessed through the garage. The mud room also connect to the kitchen through a walk-through pantry. The Nook, Great Room & Kitchen are open concept. The highly functional kitchen has generous quartz counter-tops (throughout home) an island with flush eating ledge, Silgranite sink with a Moen "Indi" black faucet, microwave shelf, chimney style hood fan, full height tiled backsplash, bright pendant & SLD recessed lighting and plenty of Thermofoil cabinets with upper cabinets extended to ceiling height, crown moulding and soft close doors & drawers for storage. Great room and kitchen and nook have large windows and sliding glass patio doors that accesses the back yard. A bright primary suite offers a substantial walk-in closet and a 5-piece ensuite with double sinks, large corner soaker tub and a walk-in shower w/ glass doors. There is an inviting bonus room, a laundry room and two more comfortable bedrooms with plenty of closet space. A beautiful appliance package and rough-in plumbing in the basement are also included.

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The information provided for all properties displayed on this website is believed to be accurate but is not guaranteed and should be verified. Call 780-800-7594 in order to obtain the complete information on each property.

Building Type

Front Attached Garage Home

Garage Stalls

2+

Interior Rooms

Mudroom: Yes
Den: No
Spice Kitchen: No
Bonus Room: Yes
Upstairs Laundry: Yes
Main Floor Bedroom: Yes
4th Bedroom: Yes
5th Bedroom: No

Interior Features

3 Piece Ensuite: No
4 Piece Ensuite: No
5 Piece Ensuite: Yes
Side Entrance: Yes
Legal Suite: No
Finished Basement: No
Walkout Basement: No
Open to below: No
Condo Fees: No
Railings: No
9 Foot Main Floor: Yes
9 Foot Basement: No
Side Windows: Yes
Previous show home: No
Includes Landscaping: No

Included Upgrades and Options

Luxury Kitchen Pkg:Yes
Luxury Garage Pkg:No
Basement Rough-Ins Pkg:Yes
Stand Up Shower:No

Lot Features

Lot Size: 371.88 m2
Lot Location: Interior
Lot Shape:
Walkout: No
Zero Lot: No
Park View: No
Lake View: No
Lot Direction: Northeast

Appliance

Warranty

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1. Available For Purchase

2. Blueprints Started

3. Blueprints Completed

4. Materials Purchased

5. Stake in the Ground

6. Foundation Complete

7. Framing

8. Electrical Complete

9. Insulation Complete

10. Cabinets

11. Painting Complete

12. Home Complete

1. Available For Purchase

2. Blueprints Started

3. Blueprints Completed

4. Materials Purchased

5. Stake in the Ground

6. Foundation Complete

7. Framing

8. Electrical Complete

9. Insulation Complete

10. Cabinets

11. Painting Complete

12. Home Complete

%
% Sold Prior to Drafting Complete
%
% Sold Prior to Stakeout Complete
%
% Sold Prior to Framing Complete
%
% Sold Prior to Home Completion
%
% Sold Prior to Drafting Complete
%
% Sold Prior to Stakeout Complete
%
% Sold Prior to Framing Complete
%
% Sold Prior to Home Completion

Market Analysis

This home is listed at:

$609,900

GREAT

GOOD

FAIR

ABOVE

This home is priced $91,522  BELOW AVERAGE MARKET VALUE. It is compared to homes currently listed on MLS based on a variety of factors including area of the city, square footage, year built and building type. The average price of comparable homes currently listed on MLS is $701,422.

Estimated construction completion date:April 2023

Build times can vary greatly, due to circumstances that we can’t always control. The estimated construction timelines are estimated, and consist of averages. Please be aware that timeline can change during the construction. Call 780-800-7594 in order to obtain the complete information on each property.

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Commute Time

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Are Interest Rates Important?

When buyers ask if now is right time to buy to buy, one of the most compelling reason to buy a home now is the current rate of mortgage interest.

This makes it a fantastic time to start thinking about owning a property. Even if the overall price of a home is slightly higher, the amount you'll save in the interest over the lifetime of your mortgage will more than cover the difference.

Now

Example for illustrative purposes

$350,000

Interest rate: 2.5%

Monthly Payment: $1106

"If" Market Crashes

Example for illustrative purposes

$300,000

Interest rate: 4.5%

Monthly Payment: $1216

Numbers are based on 5% down payment and a 25-year amortization period.

Purchase Price i

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Total Return i

$ 242,340

Annualized Return i

31.3 %

Cap Rate i

6.0 %

Gross Yield i

8.7 %

Cash Flow i

$ 1,265

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$ 0

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  • Property Value in $
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    Disposition Fees -$
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