12 Most Expensive Neighborhoods In Edmonton, CA

12 Most Expensive Neighbourhoods Edmonton
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Edmonton, also known as Canada's festival city, has been experiencing an influx of new residents and home buyers over the past few years. Thanks to the pandemic, many people are driven towards a more suburban lifestyle with lots of green living space and a neighbourhood that brings a community feel to it.

If you enjoy going to many festivals and have a large variety of shops and restaurants while also having access to plenty of parks and rivers, then Edmonton is a great place to live. It is becoming increasingly popular, which is why you will be able to find some of the most expensive homes in Canada in this city.

In this article, we will discover which areas offer the most popular communities and where you can find the most expensive homes in town; whether you would like to buy them or find houses that are cheaper does not matter, it never hurts to have a look!

The Areas with the Most Expensive Homes in Edmonton

Being the largest northernmost city in North America, Alberta's capital has a variety of neighbourhoods to choose from, some of which are more pricey than others. If you are looking for upmarket properties and are just about to start your search, Edmonton communities will not disappoint. You will find some of the most expensive homes and fanciest lifestyles in the following neighbourhoods:

1. Windermere

You will be able to find some of the most expensive homes in Windermere, a community best known for its multi-million dollar homes. Don't be put off by the high-priced residences, though - the residents are actually well-known for their friendliness and are extremely welcoming to newcomers..

Amenities

  • North Saskatchewan River Valley
  • Public and private schools within walking distance
  • Big shopping and entertainment area
  • Close to Windermere and River Ridge golf clubs
  • Walking distance to Currents of Windermere

Hotspots

  • Windermere Crossing
  • Currents of Windermere
  • Windermere Plaza
  • Browns Social House Windermere

Average House Price: $460,000 up to $8 million

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2. Quesnell Heights

Quesnell Heights is the smallest of the most affluent communities in Edmonton and is situated in the West of the city. It has some of the most expensive homes available in Edmonton. This neighbourhood is especially popular as North America's largest mall, West Edmonton Mall is just around the corner.

Amenities

  • Access to Rio Terrace Community Centre
  • Quesnell Park
  • Easy access to public transport

Hotspots

  • West Edmonton Mall
  • Medowlark Health & Shopping Center

Average House Price: $2 million

3. Grandview Heights

Bordering on the University of Alberta campus farm, North Saskatchewan River Valley, and the Whitemud Creek Ravine, this very small (less than 1 sq km!) but incredibly affluent community in the southwest of Edmonton has lots of nature and greenery on offer for its residents.

Besides that, Grandview Heights is very quiet and does not have many hot spots in terms of restaurants or shopping availability for its residents. Still, they usually don't mind, and the neighbouring areas have plenty of facilities and amenities that are well worth a visit.

So, if you are the quiet type, into expensive homes, and like to know your neighbours well, Grandview Heights is a great option!

Amenities

  • Directly located next to the University of Alberta Campus Farm
  • Access to Whitemud Creek Ravine and Park
  • Easy access to Public Transport and good parking
  • Community Managed
  • Surrounded by greenery

Hotspots

  • Grand View Pharmacy
  • University of Alberta Farm
  • Grandview Heights Community Rink

Most residents tend to visit shops and restaurants in bordering neighbourhoods such as Belgravia or Landsdowne

Average House Price: $1.9 million

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4. Windsor Park

This popular community located in southwest Edmonton borders directly on the University of Alberta, which means there is plenty of access to events such as performing arts events by the Northern Alberta Jubilee Auditorium.

Because of this proximity to the university, there is also a high demand for accommodation, increasing the housing price.

Houses range from single-family homes to other smaller home types in recent developments.

Amenities

  • Community Managed
  • Access to Capital City Recreation System
  • Stunning views
  • Easy access to public transport and university campus

Hotspots

  • Duke's Diner
  • Greenhouse Health Eatery
  • Stollery Kid's Store
  • Oamaru Blue Penguin Colony

Average House Price: $1.7 million

5. Donsdale

Located within the West Jasper Place Plan Area, Donsdale overlooks the Saskatchewan River Valley on the East and a ravine southward of the community and is, therefore, best known for its natural beauty.

Amenities

  • Lots of nature
  • Fountains at entrance
  • Access to Donsdale pond & stream
  • Community access

Hotspots

  • Vivo Restaurant
  • Bento Restaurant

Average House Price: $1.3 million

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6. River Valley Waterdale

This community has hands down some of the most popular property types and hence some of the most expensive homes in probably the whole of Canada.

Situated neatly between Windsor Park and Strathcona, River Valley Waterdale is exceptionally popular with residents as not only the real estate is stunning, but you get to run your errands and bring your kids to either private or public school within walking distance!

Amenities

  • River Valley
  • Kinsmen Park
  • Waterdale Bridge
  • Quiet and green area
  • Schools within walking distance

Hotspots

  • River Valley Waterdale Park
  • Plenty of restaurants within walking distance (Rutherford House Arbor, Da Capo)

Average House Price: $1.3 million

7. Crestwood

Crestwood is located about 5-10 miles from Edmonton Downton in the West of the city, overlooking the North Saskatchewan River.

This medium-sized community is best known for its extravagant YEG Candy Cane Lane, which gets decorated every December until the first day of January with coloured lights and Christmas decor in every window and on every yard - definitely a must-visit if you haven't already decided to look for real estate in this area!

Amenities

  • Community Managed
  • Easy access to MacKinnon Ravine for outdoor activities
  • Surrounded by several parks
  • Access to Crestwood Curling Club

Hotspots

  • Crestwood Centre (shopping & dining)
  • Crestwood Park and Curling Centre
  • COBS Bread Bakery

Average House Price: $850,000

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8. Wedgewood Heights

Wedgewood Heights could easily have the alias "Edmonton's walk of fame", as many of the streets are actually named after famous Edmontonians. This oddly-shaped neighbourhood is one of the larger communities, centrally located with the stunning central park right around the corner.

Amenities

  • One main community entrance
  • Walking trails through Wedgewood Ravine
  • Easy access to Edmonton International Airport

Hotspots

  • Co-op Foodstore
  • Hampton Terrace
  • Wedgewood Ravine Community League in Wedgewood Heights Park
  • Uncle Glen's Eatery & Sports Pub

Average House Price: $780,000

9. Cameron Heights

Cameron Heights is a relatively remote and fairly new neighbourhood (most of the development occurred over the last decade) in the West of Edmonton.

Thanks to being full of condos and houses built in the last ten years, you will be able to find lots of modern living space. Unfortunately, that might also mean that you will find some of the most expensive homes in this area. However, the amazing views of nature will most likely make up for it quickly.

Amenities

  • North Saskatchewan River Valley
  • Accessible through one main road only
  • Close to Central Park
  • Three natural ravines
  • More recent development

Hotspots

  • Hemingway Plaza
  • Mahogany Bar

Average House Price: $764,000

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10. Belgravia

With a wide variety of properties, from condos, over bungalows to single-family homes and two-story homes, Belgravia offers a little bit of everything for people looking for a quaint living space among alleys filled with trees and easy access to business hubs and parks alike.

Amenities

  • Belgravia Community League
  • Belgravia Park
  • Easy access to public transport
  • Close to North Saskatchewan River Valley
  • Easy access to the University campus

Hotspots

  • Belgravia Arts Park
  • University Campus
  • Belgravia Hub
  • Mood Cafe

Average House Price: $680,000

11. Henderson Estates

Henderson Estates offers the vibe of city living while not making it out of the suburbs. It offers plenty of nature and greenery, making it a great community place and ideal for families.

Henderson Estates is known for its family homes at a wide range of real estate prices, making this one of the more popular affluent places in Edmonton.

While many houses here are of an old style, you will be able to find some more modern style living spaces as well, thanks to a lot of new construction happening in the area.

Amenities

  • North Saskatchewan River Valley
  • Walking trails
  • Henderson, Terwillegar & Heath Road Park
  • Easy access to public transport

Hotspots

  • Riverbend Square Shopping Center
  • The Bend Lounge
  • Oliviero Trattoria
  • Bonne Vie Bakery

Average House Price: $470,000

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12. Blackburne

With the majority of houses in Blackburne being younger than 30 years old, you will have lots of modern features to choose from in this community. Blackburne is also popular because of its accessibility from the city centre for work commutes.

While this is one of the more affluent communities in Edmonton, homes are not as expensive as in Windermere or Windsor Park.

Amenities

  • Blackmud Creek Ravine
  • Calgary Trail
  • Winding Creek Trail
  • Blackburn Creek Park
  • Easy access to public transport

Hotspots

  • South Edmonton Shopping Center
  • Ellerslie Rugby Hall
  • Papa Johns Pizza

Average House Price: $370,000 

FAQs

Here are some more facts about Edmonton and its most expensive homes.

What is the most expensive neighbourhood in Edmonton?

With a living cost 28% higher than the rest of Edmonton, River Valley Waterdale is most definitely the most expensive, as well as richest, neighbourhood in the city. It is a relatively small but extremely popular neighbourhood, with the average home price ranging from $1,3 million to 1$1,7 million (almost without any upper limit).

Which areas are less affluent and safe in Edmonton?

While it is important to note that crime can occur at any place at any given time, there are definitely some areas in cities that are more prone to petty theft or other forms of criminal activity than others. For Edmonton, this would most likely be neighbourhoods in the northeastern parts of the city.

Beverly, Hermitage, and Norwood, as well as Abbotsfield, are mostly reported to have higher crime rates than the other parts of the city, with Downtown also attracting some of the typical problematic crowds as any other city at night. That said, however, Edmonton is a very safe city in general.

What is the average price of a house in Edmonton?

The average house price in Edmonton currently lies at $409,300, which is a stunning 8% higher than it was at the same time a year before. Edmonton has gained popularity as the preference for a certain style of living has shifted extremely for many people because of the pandemic and being able to work more flexibly and remotely.

You can see the spike in people searching for a home in Edmonton rather than in bigger metropolitan cities such as Toronto, as the preference for greenery and walkability has definitely risen in the past 2 years.

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So, Which of the 12 Most Expensive Edmonton, CA Neighbourhoods Takes Your Fancy?

No matter which area you will end up moving to in Edmonton, there is lots of development to explore and beautiful old houses to purchase in almost any neighbourhood. The city bustles with lots of culture, music, and festivals and is growing in popularity. The housing market reflects this.

So whether you are just generally interested in real estate or on the lookout for your perfect Edmonton home, you will most definitely find some of the most expensive homes in this city.

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