Neighborhood Profile: Albany
Albany is located in The Palisades area of northwest Edmonton. In 2009, the neighbourhood was established through the adoption of the Albany Neighbourhood Structure Plan (NSP). Albany is bounded on the west and north by Anthony Henday Drive, on the east by 127th Street, and on the south by 167th Avenue.
Residential buildings are located in close proximity to schools and shopping centres. Low-density housing accounts for 30 percent of all residential buildings, and medium-density accounts for the remaining 70 percent. Two pipeline rights-of-way are located in Albany, one in the northeast section and the other cutting diagonally through the neighbourhood from the southwest to the northeast.
Albany also has a network of pedestrian and cycling paths, which connect to natural and retail areas. A commercial site is planned in the southeastern portion of the neighbourhood, adjacent to 167th Avenue and 127th Street, and will support a variety of retail options. The nearby Anthony Henday interchange also provides ready access to the rest of Edmonton.
There were 25 homes sold between May 1, 2019 and April 30, 2020 in Albany, ranging from a low of $151,000 for a 563 sq ft apartment style condo to a high of $550,000 for a 2,600 sq ft 2 storey home with double attached garage. The median sold price for homes in Albany during the same time period was $210,000 which represents a 800 sq ft 2 bedroom apartment style condo.
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Sources: Realtor.ca and REALTORS® Association of Edmonton