5 Red-Hot Edmonton Neighbourhoods for Condo Seekers
As of September 2020, there were 2,417 condo listings in the Edmonton area. While this is still a decrease in comparison to previous years, it does show movement in the local real estate market and that there is hope for increased traction over time.
If you’ll be looking at condos in Edmonton over the coming months, now is the time to watch the market and take note of opportunities for a smart investment. One of the best ways to make a purchase that will benefit you long-term is to buy into one of the hottest Edmonton neighbourhoods while prices are down and the market is in your favor.
Below are a few of the top Edmonton neighbourhoods we recommend for condo buyers:
Oliver is one of Edmonton’s most densely populated neighbourhoods. It is a hive of activity, offering some of the city’s most acclaimed restaurants, nightclubs, and coffee shops. You’ll find Clementine cocktail bar, Central Social Hall, and Normand’s Restaurant in this prestigious area, among many other local favorites.
But it isn’t just the far-reaching selection of dining establishments that makes Oliver so appealing. It’s also just steps away from the River Valley walking trails and sweeping skyline views, and within walking distance to amazing retail boutiques and outlets, including Edmonton’s beloved 124th Street.
Currently, the average listing in Oliver is sitting at $337K, which is slightly higher than most Edmonton condo market listings but also reflective of the desirable amenities this bustling community has to offer.
Windermere is a relatively new Edmonton neighbourhood located in the city’s south-west corner. Its large shopping centre and suburban lifestyle make it an attractive community for both young and old.
The average sale price for a 2-bedroom condo in Windermere has dropped by 13 per cent, making it an excellent time to invest in this area. If you’re looking for one of the best Edmonton neighbourhoods for convenience and suburban living, Windermere is certainly a no-brainer.
Ritchie is a well-established neighbourhood just south of Edmonton’s bustling main artery (Whyte Avenue). It is a revitalized community with deep roots, having been established in the early 1890s. Those who live in Ritchie are drawn to its vibrant, artsy feel, historical charm, and centralized location.
Those interested in condos for sale in this area can expect to pay an average of 261K (as of August 2020)— a fair price point for all you gain in local amenities and a thriving community culture.
The downtown core is an obvious choice on any list of best Edmonton neighborhoods for condo buyers. It is the buzzing nucleus of the city where you can find top-grade culinary hotspots, the renowned ICE District, and the Edmonton City Centre shopping complex.
Furthermore, you’ll never have to worry about commuting if you live downtown. You are never far away from LRT stations and Edmonton Transit bus stations when you reside in the heart of the city.
Residents of central Edmonton really do have the world at their fingertips— from the newly redesigned Stanley A. Milner Library, to the Royal Alberta Museum and the Winspear Centre for Music—making it an ideal location for those who value accessibility and convenience.
As of September 2020, the average price for a property in the downtown core sits at $405K, but don’t let that number scare you. There are plenty of condos for sale in the $200-$300K range— it’ll just depend on the amount of space and number of bedrooms you need.
Belgravia is another of the top Edmonton neighbourhoods where condos are in high demand. Located slightly southwest of the University of Alberta, it’s a desirable location for both students and academic professionals.
It is also nestled next to the River Valley and is known for its mature, tree-lined residential streets— an attractive feature for many homebuyers.
If you are looking for condos in Edmonton that are located in a neighbourhood with a close-knit community vibe (without being too out in the suburbs) you’ll definitely want to check out Belgravia. You’ll immediately notice the plethora of bungalow-style homes, quaint cafes, and newly-added infills.
The only downside here is that the average price tag for a condo is a sizeable $482K (as of August 2020), so you’ll need to decide if you’re willing to invest more to live in this esteemed district.
Are you looking for an Edmonton condo management company that can help you streamline your processes and expertly serve your residents? We’d love to hear from you. Reach out today.