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10511 42 Avenue Nw

10511 42 Avenue Nw, Edmonton, AB T6J 7G8

10511 42 Avenue Nw is a condo building in the Rideau Park area of Edmonton, Alberta. It was built in 1998, has 103 residential units and stands 4 storeys tall.

Rideau Park
Year Built
1998
Units
103
Floors
4
Building Type
Low-rise apartment

Market Overview

Avg Sold Price
$172,011.111
Median Sold
$175,000
Price Range
$143,000 – $198,000
Avg $/SqFt
$175.134
Sales (2yr)
9
Active Listings
6
Avg List Price
$185,466.5
Avg Days on Market
122.44444444444444

Last sale: Jul 18, 2026

Condo Fees

Avg Monthly Fee
$673.931
Median Fee
$698.14
Avg $/SqFt
$0.653
Units w/ Fee Data
15
Fee IncludesHeat, Water

2026 Assessment

Avg Assessed
$192,200
Min Assessed
$138,000
Max Assessed
$227,000

Building Features

ExteriorWood, Stucco
AmenitiesFitness centre, social/party room, wheelchair access, visitor parking, underground parking.
Parking/Storage Titles119
Building TypeLow-rise apartment
Floors4 storeys
Year Built1998

Policies

Pet PolicyNo pets allowed.

Known Issues & Notes

Known Issues (news/court)

[lawsuit_or_court - owner vs board dispute / oppression] Developer's exclusive use and purchase agreements for outdoor parking stalls were ruled ultra vires; the Court voided the 'sale,' ordered an accounting of rents/profits, declined to order Land Titles re-registration costs, and awarded trial and appeal costs (including $500 for remedy argument) to the condo corporation. (2004-10-06); [lawsuit_or_court - owner vs board dispute / oppression] The condominium corporation sought to avoid arbitration of its lawsuit against the developer, arguing that the initial board of managers, staffed by the developer's employees, improperly granted the developer a 100-year licence over 32 common property parking stalls for $10 and entered into an arbitration agreement without proper authority or in breach of its fiduciary duties; the Master dismissed the developer's application to stay the lawsuit in favour of arbitration, with costs awarded to the condominium corporation on Column 5, not stayed. (2000-08-04); [lawsuit_or_court - owner vs board dispute / oppression] The Court of Appeal held a developer's 100-year 'exclusive use' agreement letting it sell common-property outdoor parking stalls was an unauthorized lease under the Condominium Property Act, as required written approvals and plan boundary delineation were missing; the agreement and purchase agreements were ruled ultra vires and the appeal allowed, with remedy submissions ordered. (2004-07-08)

Source

Repairs/Projects

Healthy reserve fund with 10–30 years remaining life on major components (exterior, interior, underground parkade).

Management

Management CompanyMcLeod Realty & Management Ltd.
Phone780.453.1108
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About This Building

This 103-unit low-rise apartment building in Rideau Park, Edmonton, was constructed in 1998 and features four storeys of one- to three-bedroom units with underground parking. Recent sales have averaged around $172,000, with monthly condo fees averaging roughly $674. The building maintains a healthy reserve fund and has an estimated 10–30 years of remaining life on major components including the exterior, interior, and underground parkade. Amenities include a fitness centre, social room, visitor parking, and wheelchair access. Located steps from Southgate Mall, LRT transit, schools, and shopping, the property appeals to first-time buyers and investors. Before finalizing a purchase, prospective owners should engage a professional to review the reserve fund study, financial statements, board minutes, bylaws, and insurance coverage.

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General information, not legal advice. Building figures are approximate; confirm details in the corporation's own documents.

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