Edmonton Real Estate Blog

Edmonton Highrise Condos in Downtown and Oliver and their Condo Fees

If you're looking for a concrete highrise condo in Edmonton's downtown, the options seem endless. One criterion that often gets overlooked, especially when budgeting what you can afford, is the condo fees.


Condo fees can have a dramatic effect on the affordability of any condo, and it's important to know what the fees include. Some condos may start out with low fees when they're first built, but once a condo board and reserve fund is established, those fees can increase significantly and very quickly. Some buildings, at first glance, may seem to have high condo fees, but they may be including amenities such as a gym, pool, car wash, social/games rooms and guest suite. When you factor in the cost of a gym membership or paying to get your car washed, you may actually find you can save money. Some buildings even include extra utilities or services, such as electricity, cable and wi-fi.


When buying any condo, the fees and what they include is an essential consideration.


With that said, I've compiled a list of some popular Downtown and Oliver condos. I've sorted them in order of 'condo fees per square foot'. In other words at 51-60¢ per square foot, a 1000 square foot condo would have condo fees in the range of $510 to $600 per month. Condo fees are actually based on unit factors, not square footage, but square footage does play a significant role in how unit factors tend to be determined when a condo is first developed.


There's a significant range of fees, going from around 30¢ to nearly $1.00 per square foot.


For more information, I've included links to all the currently active listings for all the buildings listed below. Don't see a condo you're interested in, listed below? Contact Jason and he'd be happy to get the information for you.


Condo Fees per Square Foot

31-40¢

41-50¢

51-60¢

61-70¢

71-80¢

81-90¢

91¢-$1.00

Comments:
Shirl Smith, Associate Broker on Jun 3, 2020 4:06 PM posted:
Great Article Jason! As a real estate professional and retired Appraiser I know how much research is required in a this type of publication. Thank you for sharing.
Jason Hafso on Jun 3, 2020 4:38 PM posted:
Thanks, Shirl, for your comments. It took a bit of research, but I think it's good information for condo buyers to be equipped with. It would be interesting to see how Vancouver strata fees compare.

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