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Alberta
Edmonton
221 1520 HAMMOND GATE Gate

$165,000

221 1520 HAMMOND GATE Gate, Edmonton, AB, T6M 0J4

QuickQuote^TM: $152K - $185K

MLS® # E4422831

1 Beds

1 Bath

59.19 METERSQ sqft

Property Information:

Welcome to this bright and spacious 1-bedroom, 1-bathroom condo located in the highly desirable community of The Hamptons. This well-maintained unit features an open layout, creating an airy and inviting atmosphere. Large windows flood the space with natural light, making the home feel warm and welcoming. The modern kitchen offers ample counter space for meal preparation and opens to a spacious dining area, ideal for entertaining. The living and dining spaces are generous, providing plenty of room for relaxation. Convenience is key with in-suite laundry, making daily chores a breeze. This home also includes a titled parking stall, offering secure and hassle-free parking. Whether you're a first-time buyer or looking to downsize, this unit offers the perfect balance of comfort, location, and affordability. Don’t miss out on the opportunity to make this lovely condo in The Hamptons your new home!

Building Features:

Floor Space: 59.19

Property Features:

Bedrooms: 1
Bathrooms: 1
Amenities Features: See Remarks
Appliances: Dishwasher-Built-In, Dryer, Microwave Hood Fan, Refrigerator, Stove-Electric, Washer
Architectural Style: Single Level Apartment
Basement: None, No Basement
Basement Development: No Basement
Basement Type: None
Building Type: Lowrise Apartment
Built in: 2008
Community Features: See Remarks
Condo Fee Includes: Amenities w/Condo, Exterior Maintenance, Heat, Insur. for Common Areas, Parking, Professional Management, Reserve Fund Contribution, Water/Sewer, Land/Snow Removal Common
Condo Fees: $351 Monthly
Exterior Features: See Remarks
Floor Space (approx): 59.19 Square Metres
Flooring: Carpet, Laminate Flooring
Foundation Details: Concrete Perimeter
Heating: In Floor Heat System, Natural Gas
Lot Size: 49.59 Square Metres
Parking Features: Underground
Road Access: Paved
Roof: Asphalt Shingles
Site Influences: See Remarks
Zoning: Zone 58

Courtesy of: RE/MAX Excellence

Data was last updated 2025-04-24 at 20:25 | Listing data was last checked 2025-04-28 at 13:59

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the REALTORS® Association of Edmonton. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data on this website is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Information deemed reliable but not guaranteed.

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Potential Investment Performance

Cumulative ROI

45.3%

Cumulative Market Appreciation

$9,881

Net Operating Income in Year 5

$8,864

Cash on Cash Return in Year 5

1.2%

Assumptions

Market Appreciation Per Year

Rent Increase Per Year

Expense Increase Per Year

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price	$
Down Payment %	$33,000
Mortgage Amount	$132,000
Mortgage Payment %	$684

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$1,229

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Condo/Strata Fees	$
Total Operating Expenses	$596
Net Operating Income	$633

Debt Service
Mortgage Payment	$684

Net Cash Flow	-$51

Cap Rate

4.61%

Acquistion Costs

Down Payment $33,000

Land Transfer Tax $139

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $35,139

Components of Return

Potential Returns

	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Investments
Down Payment	$33,000	-	-	-	-	-	-	-	-	-
Closing Costs	$2,139	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$2,053	$2,152	$2,255	$2,364	$2,478	$2,597	$2,721	$2,852	$2,989	$3,133
Total	$37,192	$2,152	$2,255	$2,364	$2,478	$2,597	$2,721	$2,852	$2,989	$3,133
Cash Invested	$37,192	$39,345	$41,601	$43,965	$46,443	$49,040	$51,762	$54,615	$57,605	$60,738

Rental Cash Flows
Rent and other income	$14,754	$15,197	$15,653	$16,122	$16,606	$17,104	$17,617	$18,146	$18,690	$19,251
Operating Expenses	-$7,152	-$7,310	-$7,472	-$7,638	-$7,807	-$7,980	-$8,158	-$8,339	-$8,524	-$8,714
Mortgage Payment	-$8,218	-$8,218	-$8,218	-$8,218	-$8,218	-$8,218	-$8,218	-$8,218	-$8,218	-$8,218
Net Cash Flow	-$616	-$332	-$37	$266	$580	$905	$1,241	$1,588	$1,947	$2,318

Returns
Property Price Appreciation	$1,930	$1,953	$1,975	$1,999	$2,022	$2,046	$2,070	$2,094	$2,118	$2,143
Mortgage Paydown	$2,053	$2,152	$2,255	$2,364	$2,478	$2,597	$2,721	$2,852	$2,989	$3,133
Net Cash Flow	-$616	-$332	-$37	$266	$580	$905	$1,241	$1,588	$1,947	$2,318
Total Return	$3,367	$3,773	$4,193	$4,629	$5,080	$5,548	$6,033	$6,535	$7,055	$7,595
Cumulative Return	$3,367	$7,141	$11,335	$15,964	$21,045	$26,594	$32,627	$39,162	$46,218	$53,813

Investment Metrics
Cumulative ROI	9.1%	18.2%	27.2%	36.3%	45.3%	54.2%	63.0%	71.7%	80.2%	88.6%
Cash On Cash	-1.7%	-0.8%	-0.1%	0.6%	1.2%	1.8%	2.4%	2.9%	3.4%	3.8%