Evolve Condos — photo 1 of 2
Completed Assignment Friendly

Evolve Condos

By Carrington Communities

Griesbach, Edmonton, AB
Condo
Occupancy: 2023
1 - 3 Beds
530 - 1,020 sq ft sqft

Starting from

$401,600

StatusCompleted
TypeCondo
From$401,600
Storeys4 floors
Units89
Beds1 - 3
Baths1 - 2
Size530 - 1,020 sq ft sqft
Completion2023

Overview

Project Details

Province
AB
Architect
Arcadis IBI Group
Building type
Condo
Status
Completed
Storeys
4 storeys
Total homes
89
Beds
1 - 3
Baths
1 - 2
SqFt
530 - 1,020 sq ft sqft
Parking cost
$10,000
Storage cost
$3,500
Maint/sqft
$0.39 / sq ft / month
Avg price/sqft
$384
Estimated completion
2023
Deposit structure
5% upon purchase agreement
Assignment policy
Assignment Friendly
Appreciation forecast
4.8%/yr

Evolve Condos is a contemporary residential development brought to life by Carrington Communities in Edmonton, Alberta. This modern condominium project offers a refined selection of living spaces designed for functionality and comfort. Residents will enjoy a variety of curated amenities including a fully equipped fitness studio for wellness needs, a spacious residents lounge for social gatherings, and the added convenience of underground heated parking. The building is also designed with practical features such as dedicated bicycle storage and a secured parcel room, ensuring that daily living is both organized and stress-free. With its commitment to quality construction and thoughtful site planning, Carrington Communities delivers a living environment that balances urban style with essential everyday requirements for modern residents. Pricing at Evolve Condos begins from $396,900, offering competitive value for the Edmonton market. Potential buyers can choose from a range of functional layouts, with completion slated for 2026. This project is strategically located to provide residents with seamless access to essential transit routes, shopping, and dining options within the city. Purchasing a unit at Evolve allows for an investment in a growing community that prioritizes accessibility and long-term value. As the city of Edmonton continues to expand, this development presents a viable opportunity for both first-time buyers and those seeking a low-maintenance home in a well-connected neighborhood. The combination of its central location, modern building amenities, and projected delivery date makes it a significant addition to the local residential landscape, providing a stable foundation for homeowners looking to establish themselves in a vibrant and evolving metropolitan area.

#PreConstruction#NewCondos#EdmontonCondos#EdmontonRealEstate#ABRealEstate

Move-In Ready Units

Evolve Condos is complete. Move-in ready units in the building are still coming to market — request the current list of available suites, asking prices and floor plans.

Move in now

Finished, occupiable suites — no construction or occupancy wait.

Current pricing

What the suites actually on the market are asking today.

Changes weekly

Availability turns over quickly, so the list is refreshed on request.

Amenities

Fitness Studio
Residents Lounge
Underground Heated Parking
Bicycle Storage
Secured Parcel Room

Neighbourhood

64Walk
52Transit
68Bike

About the Neighbourhood

Located in North Edmonton close to the amenities of Griesbach, Namao Shopping Centre, and multiple Edmonton Transit Service routes.

Leaflet © OpenStreetMap contributors
7471 May Common NW

Move-in ready units available

Evolve Condos is sold out. Request the current list of move-in ready units, asking prices and floor plans.

Investment Analysis

Investment Analysis

AI-scored using verified market signals

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Investment Analysis on this project is available to sponsor.

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91
OUT OF 100
Excellent opportunity

Strong fundamentals across location, rental economics and growth outlook.

Est. monthly rent

$1,350–$1,950

5-yr appreciation

+4.8%

Starting from

$401,600

Price per sq ft

$384

How this score is calculated
Walkability64/100 Walk Score
Transit access52/100 Transit Score
Cycling68/100 Bike Score
Rental yield potential4.03% gross yield
Appreciation outlook+4.8%/yr forecast

The AI Investment Score blends the verified signals above — location scores, rental economics and appreciation outlook — with how strongly the project was corroborated across independent sources. It is a research aid, not financial advice.

Rental Yield Calculator

Estimate cash flow & returns for this unit

Purchase & Financing

Purchase Price$401,600
$300,000$3,000,000
Down Payment35%
5%50%
Mortgage Rate4.5%
2.0%10.0%
Amortization30 yrs
10 yrs30 yrs

Rental Income

Monthly Rent$2,250
$1,000$8,000
Vacancy Rate3%
0%15%

Monthly Summary

Monthly Cash Flow

-$265

Negative cash flow / month

Gross Yield

6.52%

Net Yield

3.16%

Monthly Breakdown

Effective Rent+$2,183
Mortgage Payment-$1,323
Condo / Strata Fee-$600
Property Tax-$350
Mgmt Fee-$175
Net Cash Flow-$265

* Estimates only. Consult a financial advisor before investing. Figures exclude insurance, repairs, and capital improvements.

Mortgage Calculator

Estimate your payment

Loan Details

$401,600
20% ($80,320)
5.25%
25 years

Payment Frequency

Monthly Payment

$1,925

Principal & interest

Mortgage Amount

$321,280

Total Cost

$577,579

* Estimates only, for illustration. Excludes taxes, insurance and fees. Confirm rates with your lender.

Closing Cost Estimator

Taxes calculated for Ontario · Edmonton
$401,600
20%
Land Transfer Tax (Ontario)$4,507

Ontario land transfer tax

Legal Fees$1,500
Title Insurance$400
Home Inspection$500
Total Closing Costs$6,907

Investment Return Estimator

$401,600
20%
4.8%
$1,350
5 yrs
Down Payment$80,320
Property Value in 5 yrs$507,692
Total Rental Income (net)$35,960
Estimated Profit$116,667
ROI on Down Payment145%

Frequently Asked Questions

Units at Evolve Condos are currently available starting from $396,900.

Still have a question about Evolve Condos?

Illustrative estimates only — not financial, tax or investment advice. The investment score, rental yield projections, appreciation forecasts, closing-cost and mortgage figures presented in this section are computer-generated estimates produced for demonstration purposes. They do not constitute an appraisal, a formal opinion of value, a mortgage pre-approval, or any form of financial, tax or legal advice, and they must not be relied upon when making a purchase decision. Actual costs, taxes, financing terms and returns will vary with the applicable jurisdiction, lender criteria, market conditions and individual circumstances. CondoGuru.ca and its affiliates make no representation or warranty as to the accuracy or completeness of these figures and expressly disclaim all liability for any loss or damage arising from reliance upon them. Prospective purchasers should independently verify all amounts with the developer's sales team, a licensed mortgage professional, and a qualified legal or tax advisor.

Developer Profile

Developer Profile

Carrington Communities logo

Carrington Communities

Edmonton, Alberta, Canada

Carrington Communities is one of Edmonton's leading multi-family condominium and townhome builders, active for over 40 years across the Edmonton Metropolitan Area.

Projects

1

View Full Profile

Other Projects by This Developer

No other projects found.

Last updated: October 31, 2026

Disclaimer: CondoGuru.ca provides information on new construction homes and condos from various sources, including builders, manual research, third-party sources, and public data. While we strive for accuracy, all information is for reference only. We are not responsible for any use or misuse of the content on our site. Prices, sizes, specifications, and promotions are subject to change by the builder without notice. Renderings are artist's concepts. E.&O.E.

From$401,600