There is no doubt that the demand for property in downtown Edmonton is rapidly expanding as the city continues to expand the Ice District and modernize surrounding areas. It is certainly the perfect place for young professionals or for students attending post-secondary at either MacEwan University or the University of Alberta. Not only are the bright lights of Rogers Place a huge draw for this neighbourhood, the downtown core also has excellent shopping options (Jasper Avenue, Manulife Place, and City Centre Mall) as well as a fantastic seasonal farmers market and brand new off-leash dog area in Alex Decoteau Park.
Downtown Edmonton also has over 92 bus stops and access to five different LRT stations - Churchill Station, Central Station, Bay/Enterprise Square Station, Corona Station, and Grandin/Government Centre Station. This makes itideal for commuters who don't want to deal with limited or expensive parking options. Somewhat surprisingly, the area also provides residents with plenty of green space including six parks and easy access to the river valley. Most people who call downtown Edmonton home are drawn to being close to the workplace and the perks of living in a more densely populated area that is always bustling and has a ton of entertainment options. While the new home of the Edmonton Oilers is certainly a big attraction in the neighbourhood, the Art Gallery of Alberta, Winspear Centre, and Citadel Theatre offer lovers of the arts something to enjoy as well.
The close proximity to a wide variety of public transportation options really make navigating downtown quite easy, especially during the summer months where walking is also an option. City Council has also done a great job making the area a lot more bike-friendly, including installing several bike lanes that make commuting a breeze. Speaking of City Council, City Hall also has a ton to offer, such as a skating rink and farmers market in the winter and a giant outdoor splash pool in the summer. Schools in the area include MacEwan University, the University of Alberta Faculty Extension, Norquest College, Centre High, Grandin Elementary School, and Oliver School.
Economically, the market prices of downtown Edmonton properties have been climbing steadily over the past decade or so. There is a huge demand for rental properties in this area, as condominiums, apartments, and lofts are all huge draws for people looking to live downtown. This massive demand makes living in downtown Edmonton quite expensive, especially with all the new developments in the area. However, investors can certainly find a lot of value purchasing property in this area as the revitalized city centre neighbourhood will attract premium renters with ease. Most of the buildings located downtown are high-rise apartments (75%) while low-rise apartments make up just over 23% of the neighbourhood.
The Honey Team lives and works in Edmonton and knows each neighbourhood in the city extremely well. In a competitive market, you need a seasoned negotiator and highly attentive real estate agent by your side. Do you think that downtown Edmonton could have the property of your dreams? Check out our comprehensive MLS showcase of properties that are currently for sale in the downtown core - the guide contains every home currently on the market in the downtown area. If you are interested in a particular listing and want to set up a viewing or find out a little bit more information about the property and the Edmonton real estate market in general, please contact us using the form below today!
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The MLS® System Data is made available from the REALTORS® Association of Edmonton. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Days on Site and market statistics values are calculated by Sierra Interactive based on values provided in the REALTORS® Association of Edmonton listing data feed. Mortgage values are calculated by Sierra Interactive and are provided for estimate purposes only.
Data was last updated October 20, 2021 at 4:30 AM MST