Neighborhood Profile: Downtown
“Perched above the river valley, Edmonton’s downtown neighbourhood is a bustling and evolving centre where residents enjoy walking to local restaurants, coffee shops, 500+ businesses connected by a multi-level pedway system, and numerous parks and green spaces. Downtown Edmonton is the host of year-round arts events and festivals and is the home of Rogers Place, the Royal Alberta Museum and the Art Gallery of Alberta, making it a dynamic place to live, work and play. Surrounded by Oliver, Queen Mary Park, McCauley, Riverdale, and Rossdale, Downtown is an attractive neighbourhood for its walkability and accessibility to transit. With a mix of high rise, low rise, and loft apartment condos, there are property options suited for all tastes and price points.”- Genelle Labrie, Associate/REALTOR, Schmidt Realty Group Inc.
There were 183 properties sold between Jan 1, 2022 and Dec 31, 2022 in the Downtown area, ranging from $60,000 for an 727 sq ft high rise apartment unit to $1,080,000 for a 1,400 sq ft, luxury high rise apartment unit. The median selling price for homes in the Downtown area during the same time period was $220,000 which represents an 878 sq ft lowrise apartment unit.
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Sources: YEGisHome.ca, Realtor.ca and REALTORS® Association of Edmonton