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Edmonton condominium market is the picture of affordability, not only among the city’s resale real estate market. Rather, the November benchmark price for a condo apartment of about $178,300 in Edmonton makes it the most affordable major city market in Canada, as recently noted in a study examining prices across more than three dozen cities.

These three current new listings demonstrate the value buyers get for their dollars in Edmonton’s price-friendly condo market.

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Average price, big value

Neighbourhood and address: 301-4403 23rd St., in Larkspur

Type: wood-frame

Size: 950 square feet

Condo fees: $619 a month

List price: $178,500

List date: Dec. 8, 2023

Listing agent: Rosanna Fischer, Re/Max River City

This two-bedroom, two full bathroom condominium apartment illustrates just what the average price of a condo in Edmonton gets buyers. Affordable for first-time buyers, or opportunely priced for investors, the unit is located in one of the city’s sought-after suburban regions, the southwest.

“This listing really reflects the value buyers get in the condo market for less than half the cost of similar properties in other major cities,” says Fischer, the listing realtor. By comparison, a two-bedroom, low-rise in Burnaby, British Columbia, lists for just under $700,000. Built in 2006, the Edmonton apartment features an open concept kitchen and living room, and a walk-in closet and three-piece ensuite bathroom in the main bedroom.

Great view and desirable location at an affordable price

Neighbourhood and address: 305-10011 117th St., in Oliver

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Type: Low-rise concrete

Size: 730 square feet

Condo fees: $423

List price: $225,000

List date: July 13, 2023

Listing agent: Wally Fakhreddine with MaxWell Devonshire Realty

With arguably one of the best views of the River Valley in Edmonton, the one-bedroom apartment condo is ideal for a young professional or retiree. It’s also attractive to out-of-town buyers looking for a rental property, given similar condominiums in desirable, central communities in other major cities sell for much more.

“I have recently sold a few properties in the area due to employment migration buyers” who are impressed by how far their dollar stretches in Edmonton, says Fakhreddine, the apartment’s listing agent. Built in 1962 and bordering on the river valley, the condominium’s location is unmatched, between two of the city’s most walkable and storied communities, Oliver and Grandin. Among nearby amenities are grocery stores, cafes, boutiques and LRT access. Besides updated features, like stainless steel appliances in the unit, the pet-friendly building also offers shared amenities, including a roof-top patio with barbecue.

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High-end, high-rise living without a sky-high price-tag

Neighbourhood and address: 1402-11969 Jasper Ave. N.W., in Oliver

Type: High-rise concrete

Size: 1,500 square feet

Condo fees: $1,635 a month

List price: $689,900

List date: Sept. 25, 2023

Listing agent: David Ozubko with Re/Max River City

This apartment is part of one of Edmonton’s more high-profile luxury high-rises, built in 2015, where a penthouse unit recently “sold for more than $3 million,” says Ozubko, the listing agent. This particular apartment features two bedrooms, three full bathrooms, a gas fireplace in the living room and hardwood flooring throughout. Its floor-to-ceiling, south-facing windows ensure the home is bathed in sunlight during the winter months while offering commanding views of the river valley and downtown. Comparable condominiums for sale in Toronto and Vancouver are listing at about $1.25 million to start, Ozubko notes.

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