What areas does Royal LePage Magna serve?

Royal LePage Magna serves Edmonton and surrounding communities, including Sherwood Park, St. Albert, Spruce Grove, Leduc, Beaumont, Fort Saskatchewan, and other nearby Alberta markets.

Why should I work with a REALTOR® instead of buying or selling on my own?

A REALTOR® provides market expertise, negotiation skills, legal guidance, and access to MLS® systems, helping protect your interests, maximize value, and reduce costly mistakes.

What is the difference between a real estate agent and a REALTOR®?

A REALTOR® is a licensed real estate professional who is also a member of the Canadian Real Estate Association and must follow a strict code of ethics.

What is the first step to buying a home?

The first step is getting pre-approved for a mortgage. This helps determine your budget and strengthens your position when making an offer.

How much down payment do I need in Alberta?

The minimum down payment depends on the purchase price. Homes under $500,000 typically require 5 percent, while amounts above that may require 10 percent on the portion exceeding $500,000.

What costs should I budget for besides the purchase price?

Buyers should budget for home inspections, legal fees, property insurance, adjustments, and moving costs. Alberta does not have a land transfer tax, which helps reduce upfront costs.

How long does it take to buy a home?

From offer acceptance to possession typically ranges from 30 to 60 days. Finding the right home can take longer depending on market conditions.

How do I know how much my home is worth?

A Royal LePage Magna REALTOR® can provide a professional market evaluation based on recent comparable sales, current market trends, and your home’s condition.

What is the best time to sell a home in Edmonton?

Homes can sell year-round, but spring and early summer often see higher buyer activity. Pricing strategy and market conditions matter more than seasonality.

Do I need to prepare my home before listing?

Yes. Decluttering, minor repairs, professional staging, and high-quality marketing can significantly impact buyer interest and sale price.

How long will my home take to sell?

Time on market depends on pricing, location, condition, and demand. Your REALTOR® will guide you on realistic timelines based on current data.

Should I talk to a mortgage broker or a bank?

Both are good options. Mortgage brokers compare multiple lenders, while banks offer in-house products. Many buyers speak with both before deciding.

What is a mortgage pre-approval?

A pre-approval confirms how much you may be able to borrow and locks in an interest rate for a set period, giving you confidence when shopping.

Can self-employed buyers qualify for a mortgage?

Yes. Self-employed buyers may need additional documentation such as tax returns and financial statements, but many lending options are available.

Do I need a real estate lawyer in Alberta?

Yes. A real estate lawyer handles title transfer, funds, registrations, and legal documentation for both buyers and sellers.

What conditions are commonly included in an offer?

Common conditions include financing approval, home inspection, condo document review, and sale of an existing property.

What happens on possession day?

On possession day, ownership officially transfers once funds are released. Keys are typically provided through your REALTOR® after legal confirmation.

Can Royal LePage Magna help with investment properties?

Yes. Agents specialize in residential and commercial investment properties, including rental analysis, cash flow projections, and exit strategies.

Are there different rules for rental properties in Alberta?

Yes. Alberta has specific landlord and tenant regulations covering leases, deposits, notices, and maintenance responsibilities.

Does Royal LePage Magna handle commercial real estate?

Yes. Assistance is provided for office, retail, industrial, land, and mixed-use properties across Edmonton and surrounding areas.

Can you help with redevelopment or zoning questions?

Yes. Commercial specialists can guide clients on zoning, land use, redevelopment potential, and highest and best use strategies.

How do I choose the right agent?

Clients are matched with agents based on experience, location expertise, and specific residential, commercial, or investment needs.

How do I contact Royal LePage Magna?

You can contact the team through the website contact form, by calling the office directly, or by reaching out to an agent listed on the site.

Do you offer market updates and property alerts?

Yes. Customized market reports, email alerts, and listing updates are available based on your preferences.

Open House:
Sep 5, 2026, 1:00 PM - 3:00 PM

Open House: Sep 5, 2026, 1:00 PM - 3:00 PM

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5139 123 ST NW
Edmonton, AB T6H 3S9

$1,169,000

Beds: 7

Baths: 4 | 1

Sq. Ft.: 1,992

Type: House

Courtesy of Listing Agent, Justin J Vega of
REMAX River City

Listing #E4505449

Looking to Have someone else make your Mortgage Payments. Look no further. This is a Three Unit Home (3 kitchens) Yes Amazing property with 3 Separate Legal Units. Main House features 5 Bedrooms - 3 Up Main Suite and 2 Lower Suite. Main House is a Designer Showcase. Featuring "Euro Tilt and Turn Windows and Doors all Triple Glazed. Main & Upper Floor is Engineered wide plank Harwood flooring. Main features a Separate Dinning area with a Butler Nook, Huge Living Room with Open Living concept to the Entertainers Kitchen. Check out this Kitchen it is right out of a "Kitchen Design" magazine, Huge island , Walk through Pantry, Upgraded Appliances and Upgraded Cabinetry. Upstairs you will find a Spa Like Ensuite of the Master Bedroom, two Large Bedrooms. All Vaulted Ceilings have been spray foamed for added Insulation. Lower Level features a 2 Bedroom Legal Suite with a Separate Side entrance. Final 2 Bedroom Unit sits above the Garage. New Stollery Hospital going to be built One Block away amazing location.

Features
Map

Walk Score® by Redfin

Walk Score data provided by walkscore.com.

$ per month
Year Fixed. % Interest Rate.

Principal + Interest:	$
Monthly Tax:	$
Monthly Insurance:	$

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Mortgage values are calculated by iHomefinder based on values provided in the REALTOR® Association of Edmonton listing data feed.

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

2026 Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Copyright 2026 by the REALTORS® Association of Edmonton. All Rights Reserved. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Mortgage calculator source: Mortgage values are calculated by iHomefinder based on values provided by the REALTORS® Association of Edmonton listing data feed.
Walk Score source: Walk Scores are calculated by Walk Score based on values provided by the REALTORS® Association of Edmonton listing data feed.

Edmonton data last updated at September 4, 2026, 10:48 PM MT

Real Estate IDX Powered by iHomefinder

5139 123 ST NW

Edmonton, AB T6H 3S9

Courtesy of Listing Agent, Justin J Vega of
REMAX River City

$1,169,000

Listing ID: E4505449
Beds: 7
Baths: 4 | 1
Lot Square Feet: 1,992
Property Type: House

Property Features

Community Lansdowne
Latitude 53.48985703
Longitude -113.54336406
Region Edmonton
Zone Zone 15
Full Baths 4
1/2 Baths 1
Has Secondary Suite Yes
2nd Suite Permit By Seller Yes
Heating Baseboard, Forced Air-2, Natural Gas
Floors Carpet, Ceramic Tile, Engineered Wood
Basement Description Full
Has Basement Yes
Basement Development Fully Finished
Features Off Street Parking, Ceiling 9 ft., No Animal Home, No Smoking Home, Infill Property
Style 2 Storey
Roof Asphalt Shingles
Parking Description Double Garage Detached
Has Garage Yes
Parking Spaces 3
Site Influences Back Lane, Fenced, Golf Nearby, Landscaped, Low Maintenance Landscape, Playground Nearby, Public Transportation, Schools, Shopping Nearb
Property Type SFR
Property Class Single Family
Building Type Detached Single Family
Year Built 2023
City Quadrant NW
Ownership Interest Private