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Neighborhood Profile – Oliver

Neighborhood Profile – Oliver

Oliver is an stablished neighbourhood west of downtown Edmonton and is located south of the CN rail line and extends all the way to the river valley. From east to west its limits are 111 avenue and 124 street with a notch cut out using stony plain road and 121 street as boundaries.

A very beautiful and walkable neighbourhood, Oliver is mostly medium to high density apartment buildings because of its close proximity to downtown. Almost all houses that still do exist in Oliver are now used as businesses. Access is good, but parking can sometimes be an issue depending on the street. Almost all streets in Oliver are are very walkable and lined with boulevards and old-growth elm trees which typically adds to property values. Large commercial developments at the north end of Oliver are continuing to be developed, adding to the desirability of the area.

 

There were 267 homes sold between December 1, 2018 and November 30, 2019 in Oliver, ranging from a low of $75,000 for an 500 sq ft one bedroom apartment condo to a high of $1,500,000 for a fully renovated 2,200 sq ft, 2-bedroom high rise condo. The median sold price for homes in Oliver during the same time period was $230,000 which represents a 1,100 sq ft 2 bed, 2 bath condo.

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: Realtor.ca and REALTORS® Association of Edmonton

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