Strathcona is one of the oldest neighbourhoods in Edmonton. It is bordered by Saskatchewan Drive on the north, Mill Creek Ravine on the east, 107 Street to the west and Whyte Avenue to the south. Strathcona's proximity to the North Saskatchewan River Valley provides spectacular views from many high-rise condominiums along Saskatchewan Drive. Strathcona's close proximity to the University of Alberta makes it a favourite location for staff and students.
Strathcona was initially known as the town of South Edmonton, and was founded in 1899. It was named after the first baron of Strathcona, Sir Donald Alexander Smith, who can be seen driving the famous 'last spike' in the photograph taken of the CP Railway in Craigellachie, B.C. The Calgary & Edmonton Railway company began to acquire land in 1891 with the intention of making South Edmonton the northern stop in its network linking the two cities. However in 1910 Canadian Pacific began building the High Level Bridge and Strathcona amalgamated with Edmonton once the bridge was completed.
Whyte Avenue is the main street in Strathcona and was named after Sir William Whyte, vice-president of Canadian Pacific. It features many beautiful Edwardian architectural styled buildings such as the Strathcona Post Office, Princess Theatre, Gainer block, the Connaught Armoury, the Orange Hall, the Douglas block, the Old Scona School and the CP Station. Whyte Avenue is the centre of activity in the community and features many shops, boutiques, over 90 restaurants and bars. It is home to The Edmonton International Fringe Festival and the Farmer's Market.
Homes in Strathcona consist of low-rise apartments (50%), high-rise apartments (26%), houses (17%) and semi-detached or row houses (7%).
Schools and Amenities
The largest park in Strathcona is Queen Elizabeth Park which is 75 acres of land alongside the North Saskatchewan River. The park has walking and cycling trails as well as numerous picnic sites. The Kinsmen Sports Centre is adjacent to the park. The Walterdale and High Level Bridges connect Strathcona to downtown Edmonton.
Looking for a Home in Strathcona?
Visit my website to search current listings of homes for sale in Strathcona or to be notified when Terwillegar Towne homes come on the market.
Market Update for Strathcona
The Strathcona residential market has seen fewer detached home sales compared to apartments compared to this period last year, which is reflected in a lower average home price. Detached home listings are now increasing with the arrival of spring weather.
Here is a summary of the current market statistics for Strathcona.
|Stats for April||2018||2017|
|Average days on market||97||48|
|Sold-to-List Price Ratio||94.6%||97.6%|
|Average Sold Price/SF||$267||$361|
|Months of Supply||28||8.3|
Market Update for Edmonton
Please see the current Edmonton residential real estate market update posted on my website.
Do You Have a Question About Strathcona?
Please don't hesitate to email or call if you have any questions.
I would also be pleased to provide a complimentary comparative market analysis of your home to give you an idea of its value in the current market.
Peter Fuchshuber is a residential and commercial REALTOR® helping buyers and sellers with Edmonton real estate.