The major discrepancies in property pricing in the Canadian housing market can appear somewhat baffling. The Vancouver real estate market especially is continuously standing out as the priciest of the bunch. Even a small studio (where you actually sleep in your living area) costs as much as a 4-bedroom home with a generous private lot would in some other major cities in the country. We’ve already looked at all the amazing properties one can buy in this price range in some fantastic cities like Ottawa, Calgary and Winnipeg. But now it’s time to head up north and check out what Edmonton has to offer for a price tag between $550K and $700K.
Here are just a few properties for sale in Edmonton you can currently buy for the price of a studio in Vancouver:
#1 Turn-key Home – 12327 103 St NW, 5 bedrooms, 4 bathrooms, $550,000
Located just minutes away from Downtown Edmonton, in the sought-after Westwood real estate market, we find this newly renovated home with over 2,000 square feet of living space. The property comes with a huge private lot and is situated just steps away from public transport, parks and shopping. The open-concept main level boasts cathedral ceilings in the fully-equipped kitchen, the spacious dining area and the bright kitchen. Upstairs you’ll find 2 bedrooms with full baths, while downstairs the basement comes with 2 additional bedrooms, a second kitchen, a full bath and a den. This turn-key home looks in good condition and offers a lot for this price!
#2 Palatial Base – 15903 132 St NW, 3 bedrooms, 3 bathrooms, $588,888
This lovely home with European Palatial flair can be found on a well-maintained lot overlooking the neighbourhood pond. The property is part of the prestigious Carlton–Oxford real estate market, lying close to all necessary amenities. Once inside, you’ll be greeted by an oversized great room boasting a cozy fireplace and cathedral ceilings. The kitchen comes fully equipped with top-of-the-line appliances and classic wooden cabinetry. Besides the 3 good-sized bedrooms and the full bathrooms, the home also features a fully finished basement with a huge rec room, ideal for entertaining family and friends.
#3 Elegant Family Residence – 9044 208 St NW, 4 bedrooms, 4 bathrooms, $624,900
A prime example of Greens real estate, this beautiful 4-bedroom family home backing onto the Lewis Estates Golf Course offers easy access to schools, shops, restaurants, parks and playgrounds. The single-family home with its stunning open-concept layout features a wonderful den, a welcoming living area with a fireplace, a separate dining nook and a complete kitchen with granite counters and new appliances. You’ll instantly fall in love with the dazzling back yard, which offers plenty of space for you to set up an outdoor dining area, host a party for your friends or build a private playground for your children. The basement area is partially finished, ready for the finishing touches that will transform it into a very desirable rec room.
#4 Walkout Bungalow – 3224 Hilton Co NW, 2 bedrooms, 2 bathrooms, $659,000
This large, open-concept bungalow lies on a peaceful, family-friendly street in The Hamptons real estate market. The quiet cul-de-sac can be found minutes away from schools and shopping. As you enter through the double doors you’ll find yourself in a large foyer with 10’ ceilings, leading you into a bright living area. Adjacent to this you’ll find the exquisite chef’s kitchen boasting granite counters, stainless steel appliances and $18K worth of upgrades. All the rooms are generous in size, but the highlight of the upper level is the remarkable master suite with its very own en-suite bathroom and 70-square-foot walk-in closet.
#5 High-end Property – 320 O’Connor Cl NW, 3 bedrooms, 4 bathrooms, $700,000
Last but not least we have this nicely maintained and freshly upgraded home boasting nearly 3,000 square feet of living space. The property can be found in the desirable Hodgson–Ogilvie Ridge district, near the south-western periphery of the city. The bright and airy main level is comprised of opulent hardwood floors, vaulted ceilings and ample window lighting. An elegant curved staircase leads you to the upper level which features 3 good-sized bedrooms and 3 washrooms. But besides all these fantastic rooms, we’ve saved the best for last in the form of the fully finished basement, made up of a wet bar, a second kitchen, a full bath and a huge rec room which your friends will surely love.
To summarize, the Edmonton real estate market is currently filled with a wide range of move-in-ready properties, often boasting generous private grounds and enviable interiors. We know living in such a trendy city as Vancouver is quite tempting, but are you sure it’s actually worth the cost when you could have so much more in an equally charming city like Edmonton?