Despite keeping tabs on the ever-changing state of the Canadian housing market, we are continuously surprised by the huge differences in property pricing across the country. For example, did you know that for the price of a humble studio in the Toronto real estate market you could buy a move-in-ready 5-bedroom home in one of the most desirable areas of Edmonton? By our calculations, the price of such a small unit in The Queen City could easily be between $180K and $350K, depending on which neighbourhood it’s in. Isn’t that a bit of a stretch considering you’d actually be sleeping in your living area? In comparison, Edmonton offers a much wider variety of properties for sale in that price range, with the average condo price in the city having dropped slightly during 2017 to $248,130.
Take a look at 5 impressive Edmonton properties for sale for the same price as a studio in Toronto:
#1 Charming Apartment – 203 9525 162 Avenue NW, 2 bedrooms, 2 bathrooms, $180,000
At the lower end of the price range we have this 872-square-foot unit with a bright open-concept layout. The apartment is part of a desirable development complex in the Eaux Claires area, located just steps away from shopping, restaurants and public transportation. As you enter you’ll notice the freshly-upgraded kitchen with new backsplash and countertops. Adjacent to the kitchen you’ll find the spacious living area with sliding doors leading you to your very own private balcony overlooking your car in the parking lot. The big master bedroom boasts a large walk-in closet and a 4-piece en-suite bathroom, while the second bedroom is also generous in size.
#2 Move-in-Ready Home – 2333 85 Street NW, 4 bedrooms, 2 bathrooms, $224,900
Up next we have this beautiful 4-bedroom townhouse, part of the well-managed Lakewood Estates complex in the Tipaskan-Meyonohk real estate market. The property comes with a prime location, close to restaurants, parks, schools, as well as tons of shopping and recreation options. Once inside, you’ll surely be impressed by the spacious rooms, neutral décor and overall pristine condition of the home. The fully-equipped kitchen comes with stainless steel appliances, classic wooden cabinets and granite countertops. And let’s not forget about the fully-fenced back yard, providing enough space to set up a barbecue or an outdoor dining area, or even to host a garden party for your friends. The impeccable home has been well-kept by its previous owners so all you need to do is pack your bags and move right in.
#3 Delightful Residence – 7 14603 Miller Boulevard NW, 3 bedrooms, 2 bathrooms, $264,900
This gorgeous 1,200-square-foot half-duplex can be found in Miller, a highly sought-after area near the north-eastern periphery of Edmonton. The two-level home comes with an inviting layout on the main floor, encompassing the well-equipped kitchen, the dining nook and the charming living area. Upstairs you’ll find three good-sized bedrooms and a full bath, while the basement houses a large rec room for your enjoyment. Additional highlights of the property include the attached garage, a fully-fenced back yard and proximity to the most important amenities.
#4 Prime Starter Home – 40 6304 Sandin Way NW, 2 bedrooms, 3 bathrooms, $307,000
A fine example of Terwillegar real estate, this immaculate 2-bedroom, 3-bath home in the popular Sadlewood Complex should definitely be on your must-see list. The half-duplex home with its attached garage, high-end features and top quality appliances is the perfect choice for those looking to downsize. The full kitchen boasts a generously-sized kitchen island, beautiful wooden cabinets and the newest appliances. Right next to it you’ll find the charming dining nook with sliding doors leading you out to the wooden deck and a private outdoor dining area. The living room with its cozy fireplace is ideal for entertaining guests. The property’s proximity to major bus routes, highways, shopping, schools and restaurants is an added bonus.
#5 Upgraded Family Nest – 14930 74 Street NW, 5 bedrooms, 2 bathrooms, $349,000
Last but not least we have this fully renovated two-level home located in the Kilkenny real estate market. The property comes with a total of 5 large bedrooms and can accommodate a large family. The extensive renovations can be seen throughout the entire home, including brand new windows, doors, floorings, light fixtures and baseboards. On the main floor you can find the enormous and bright living area right next to the fabulous kitchen with new cabinets and countertops. Three bedrooms and a full bath can be found on the same level, while the rest of the bedrooms, along with a cozy rec room, a laundry room and an additional kitchen are located on the lower level. And if all these fantastic features weren’t enough, a newly-landscaped yard boasting brand new fences and lots of space also comes with the property.
From what we’ve seen, the Edmonton real estate market isn’t exactly in short supply of housing options, since it offers everything from cozy apartments to enormous homes capable of housing large families. And all this for the price of a small studio in Toronto! There’s no doubt that living in The Queen City has its obvious perks. But when it comes to deciding on a permanent base, would you rather live in such a small space just to be in the capital of Ontario or would you go for a large family home in the smaller, but equally charming city of Edmonton for the exact same price?