5 Affordable Neighbourhoods in Northeast Edmonton

Northeast Edmonton remains one of the city’s most popular districts among home buyers – and it’s not hard to see why! Home to some of the most affordable real estate opportunities in the capital region, this highly desirable area offers reasonably priced home styles, paired with some of the best amenities the City of Edmonton has to offer.

If you’re considering calling Northeast Edmonton home, here are five ultra-affordable neighbourhoods to consider: 

Balwin

Average Listing Price: $296,000

Minimum Listing Price: $87,000

Maximum Listing Price: $750,000

First established in the early 1900s, Balwin is a highly accessible community bordered by Fort Road, the Yellowhead Highway and 82nd Ave. As a result of its mature status, the neighbourhood is characterized by tree-lined streets and proximity to several established amenities, including schools, parks and shopping centres.

Single-family homes are the predominant home style in Balwin, the majority having been constructed between the end of WWII and 1980. Though older, many of these detached units offer plenty of character, paired with large lots and modern upgrades. Due to its ideal location, Balwin is also seeing an increased number of infill homes, brand new and well priced. 

Looking for an infill home? Download your free guide: Edmonton’s Top Infill Communities

Affordable low-rise apartment-style condos (starting as low as $87,000), townhomes, and duplexes can also be found throughout the community, particularly in Balwin’s southern end. 

Belle Rive 

Average Listing Price: $344,000

Minimum Listing Price: $250,000

Maximum Listing Price: $550,000

Belle Rive is a family-friendly neighbourhood located in Northeast Edmonton’s lake district. Bounded by 153rd Ave to the south, 167th Ave to the north and 82nd Street to the east, Belle Rive sits within close proximity to Highway 28 (only 20 minutes to downtown), the Anthony Henday and Yellowhead Trail.

Locally the area houses a public K-9 school and plenty of green space, including a new spray park and two stormwater lakes. In addition, shops, services and other amenities such as grocers, health services, restaurants, transit and more can be found in nearby Namao Centre.

Affordable, single-family homes (starting as low as the mid 200s) account for the majority of real estate opportunities in Belle Rive, with styles varying from bi and split-level homes to two-storey models and bungalows. The neighbourhood’s ideal location paired with its reasonably priced properties make it the perfect choice for first-time buyers, growing families and everything in between.

See our previous post: Edmonton Community Spotlight: Belle Rive and Mayliewan

Casselman 

Average Listing Price: $204,000

Minimum Listing Price: $120,000

Maximum Listing Price: $449,000

Extremely diverse, the Northeast Edmonton community of Casselman offers Edmonton home buyers a near-even blend of single-family homes, townhomes and low-maintenance apartment-style condos. Single-family homes in the area start as low as the mid 200s and include everything from front-attached models to split-level properties.

Townhomes and apartment condos are the predominant home styles in Casselman, starting in the mid 100s. Ultra-affordable, these multi-family units are ideal for first-time buyers looking for a low-maintenance home near accessible Northeast Edmonton amenities.

Check out: Three Affordable Home Styles For First-Time Buyers

Bounded by 144th Ave to the south, 153rd Ave to the north and 50th Street to the east, Casselman is located just moments away from the many shops and services of Manning Town Centre, Clareview Town Centre and Londonderry Mall. The community also provides convenient access to the Capital LRT line, the north Anthony Henday, Yellowhead Trail and Wayne Gretzky Drive.

Evergreen  

Average Listing Price: $79,000

Minimum Listing Price: $30,000

Maximum Listing Price: $135,000

Evergreen is a manufactured home community nestled between the northeast Anthony Henday and the North Saskatchewan River. Tight-knit and family-oriented, this amenity-friendly neighbourhood allows home buyers to purchase their own single-family home for a fraction of the cost of a site-built home.

Despite their affordability, many of Evergreen’s manufactured homes come with just as many (if not more) upgrades than a traditional single-family unit. These include open floor plans, high-end finishes, ensuites, private driveways, detached garages, oversized yards, decks and patios.

See: 8 Surprising Features to Expect in a Modern Manufactured Home

Like many other manufactured home communities in the capital region, Evergreen is also known for its on-site amenities such as parks and playgrounds, active community leagues, restaurants, grocers and transit services. But that’s not all. Developed with convenience in mind, these communities are located within moments of schools, shopping districts, health services, recreation centres and more.

Kernohan

Average Listing Price: $272,000

Minimum Listing Price: $130,000

Maximum Listing Price: $429,000

Naturally beautiful, Kernohan is a mature community bordered by Victoria Trail, 137th Ave and the scenic North Saskatchewan River Valley. An outdoor lover’s delight, Kernohan is defined by endless amounts of green space, walking paths, bike trails, picnic sites, off-leash areas and even boating and fishing amenities.

In addition to parks and picturesque views, Kernohan boasts a broad number of affordable, single-family homes. Starting in the late 200s, detached homes in the area come in a variety of layouts and styles and include split-level properties, bungalows and two-storey models featuring front attached and/or rear-detached garages.

Though single-family homes account for most real estate opportunities in Kernohan, the area also features several townhomes and duplexes as well as a small number of apartment-style condos. Ranging from the low 100s to mid 200s on average, these low-maintenance homes are a popular choice among first-time buyers and downsizers.

Killarney

Average Listing Price: $360,000

Minimum Listing Price: $229,000

Maximum Listing Price: $618,000

Annexed by the City of Edmonton in 1913, Killarney is an older Northeast Edmonton neighbourhood situated directly north of Yellowhead Trail. Bounded by several major thoroughfares, including 97th Street to the west and 82nd Street to the east, Killarney residents enjoy having shops, services, restaurants and more within walking distance.

Home to schools, pocket parks, playgrounds and an active community league, Killarney is an attractive choice for families. This is emphasized by the vast number of detached bungalows in the area, many of which feature modern upgrades, large lots and an average of four bedrooms and three bathrooms. Even better, these single-family homes are noted for their affordability, with listing prices starting as low as $250,000.

Duplexes account for roughly one-third of real estate opportunities within Killarney, followed by townhomes (including new infill models) and low-rise apartment-style condos. With entire duplexes starting in the low 300s, Killarney is an ideal neighbourhood for Edmonton real estate investors looking to secure a lucrative rental property.

To learn more about homes for sale and real estate opportunities in Northeast Edmonton, please contact us. For other comprehensive Edmonton community info, check out our Edmonton Communities Blog or download your free copy of our guide, Your All-In-One Guide to Choosing the Right Edmonton Neighbourhood.

Note: Average neighbourhood listing prices will vary according to homes currently listed.  

Related:

• 5 Affordable Neighbourhoods in Northwest Edmonton
• Buying Your First Home: How to Choose the Right Edmonton Community
• Edmonton’s Best Neighbourhoods

Photo credits: shutterstock.com

Categorised in: Buying a Home, Communities

This post was written by Terry Paranych Real Estate Group