Homes for Sale in Strathcona Edmonton - July 2018

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Real Estate Agent with RE/MAX Excellence

Strathcona Edmonton View

The Neighbourhood

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 a large number of condominiums and is well supplied.  Price per sq ft  for the properties sold in June was 4% above last year.  Inventory has increased to a similar level as last summer.  With 11 months of supply, the Strathcona market remains in a buyer's market. 

Here is a summary of the current market statistics for Strathcona.

 

Stats for June 2018 2017
Sales  10                    12
New Listings  42  40
Inventory  111  119
Average days on market                                58  53
Sold-to-List Price Ratio  96.4%  97.0%
Median Price  $431,826  $390,144
Average Price  $398,215  $377,482
Average Sold Price/SF  $364  $347
Months of Supply  11.1  9.9

 

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 me if you have any questions.  

I would also be pleased to provide a complimentary comparative market analysis of your home in the current market.

 


Posted By

Peter Fuchshuber  a residential and commercial REALTOR® helping buyers and sellers with Edmonton real estate.

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