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Neighborhood Profile: Ermineskin

Neighborhood Profile: Ermineskin

Like many neighbourhoods in this part of Edmonton, Ermineskin has a curvilinear street pattern and was developed during the 1970s and 1980s. Most of the area is residential, but there are also large portions of commercial, open space, and vacant land that make Ermineskin a very mixed-use neighbourhood. The residential development within the neighbourhood is mixed in terms of residential densities and structure types. Ermineskin contains single- and semi-detached houses, row housing, and low- and high-rise apartments.

The 17.4-hectare (43-acre) site of the former Heritage Mall, located along 111th Street, began its transformation into a mixed-use urban village in the mid-2000s. Called “Century Park,” this redevelopment provides a mixture of commercial, office, and residential space oriented around a central park space. It is connected to a new Light Rail Transit (LRT) station, making it Edmonton’s first purpose-built Transit Oriented Development and large-scale greyfield redevelopment project. When complete, Century Park will contain 2,800 residential units and 360,000 square feet of office and commercial space.

 

There were 45 homes sold between October 1, 2018 and September 30, 2019 in Ermineskin, ranging from a low of $100,000 for an 800 sq ft 2 bedroom apartment condo to a high of $525,000 for a 2,000 sq ft 2 storey with double attached garage. The median sold price for homes in Ermineskin during the same time period was $241,150 which represents a 750 sq ft condo built in 2009.

Curious to know how the market’s doing in your neighbourhood? Email us at info@WeSellEdmonton.com and we’ll prepare a quick customized report for you! It’s our pleasure! 

Sources: YEGishome.ca, Realtor.ca and REALTORS® Association of Edmonton

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