Affordable real estate in Edmonton

The world has been a much different place in 2020 due to COVID-19, and it comes to no surprise to anyone that the real estate market has taken quite the hit. People being out of work for months, or just living on 1 income, has made it hard for them to purchase real estate, or even to keep their current home at all. So with that knowledge in mind, we wanted to make your search as easy as possible by breaking down all affordable real estate available in Edmonton today.

Overall

Before we break down the average price by type, let’s look at the overall numbers. The current MLS statistics show an average house price of $352,348 which is down 1.9% from last month, and down 4.2% from June of last year. There are also 2,111 new listings in the last 28 days in Edmonton.

affordable real estate in edmontonResidential Detached Homes

Some people may think it’s impossible to buy or sell a home in this economy, but with affordable real estate in Edmonton you may just have a fighting chance. The average price on residential detached homes right now is $404,000 which is only a 1% increase from this time last year. There are 1,279 new residential detached listings in the last month, and the average days on the market is 44.

It doesn’t look like the prices have decreased too much from the recent hit to the economy, but that doesn’t mean there aren’t great deals for homes out there. Here are the affordable residential detached homes.

For more information on affordable residential detached homes in Edmonton, click here to chat with someone at RE/MAX Select.

Affordable Residential Detached Listings

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Active

Courtesy Of
Che Taylor Of Re/Max Select

$209,900 - 572.97 Sq.Ft

Beds
2
Baths
1

ACTIVE

Single Family

MLS® #E4214744

****AMAZING 1 +1 BEDROOM BUNGALOW in CALDER**** Check out this cute 1 + 1 bedroom bungalow located in North West Edmonton. This home has undergone lots of upgrades over the years including new kitchen cabinets, new cork flooring, metal roof, new teak flooring in the master bedroom, bathroom renovation, and solar panels. The home also has a partly finished basement…
Active

Courtesy Of
Jessica Jones Of Re/Max Select

$299,900 - 951.97 Sq.Ft

Beds
4
Baths
2

ACTIVE

Single Family

MLS® #E4214431

Location! Location! This Beautiful family owned Bilevel Overlooks Josef Chelan Park in desirable Delwood. Concrete front drive access welcomes you to a fully fenced yard, plus heated double detached garage. Shingles replaced (2016) on the garage and house, plus newer siding eavestroughs and fascia (2007). Windows replaced in (2002) highlighting the laminate floors throughout the main floor, spacious bedrooms and…
Active

Courtesy Of
Maggie Dusterhoft Of Re/Max Select

$290,000 - 1140.98 Sq.Ft

Beds
4
Baths
2.1

ACTIVE

Single Family

MLS® #E4212986

WELCOME HOME TO THE FAMILY ORIENTED NEIGHBORHOOD, CLOSE TO SCHOOLS AND SHOPPING AND EASY ACCESS TO THE CITY OF EDMONTON . THIS UPDATED HALF DUPLEX WITH COVERED FRONT VERANDA AND ATTRACTIVE STONE ACCENTS INCLUDED IS A SPACIOUS LIVING ROOM WITH GAS FIREPLACE AND A HUGE KITCHEN DINING AREA WITH RICH DARK WOOD CABINETS AND LARGE BAY WINDOW. A 2 PC…
Active

Courtesy Of
Domenico Russomanno Of Re/Max Select

$330,000 - 1053.8 Sq.Ft

Beds
3
Baths
1

ACTIVE

Single Family

MLS® #E4212474

Come and see this 1000+ square foot bungalow in the mature neighbourhood of Satoo. This home has tonnes of potential with a good layout, finished basement, a large back yard, and a double detached garage with a large drive way to provide ample room for parking. Please note property is sold “as is where is at time of possession”. No…
Active

Courtesy Of
Lucia Arnieri Of Re/Max Select

$259,900 - 616.35 Sq.Ft

Beds
2
Baths
1

ACTIVE

Single Family

MLS® #E4212331

Welcome to this recent renovated 2 bedroom home in the Prestigious Neighborhood of Terrace Heights ! Upgrades and Features include: *Updated 100 amp service * New Furnace* Water Tank * Newer Insulation and Drywall,*New Windows * New Kitchen *Front Steps *Stove *Microwave * and more. Kitchen was recently upgraded with new cabinets and flooring. Living room is very spacious with…
Active

Courtesy Of
Patrick Fields Of Re/Max Select

$300,000 - 990.61 Sq.Ft

Beds
3
Baths
2

ACTIVE

Single Family

MLS® #E4211920

Looking for a GREAT home at a GREAT price?? Take a look at this spacious split-level home that has lots of room for everyone! Upstairs has 2 bedrooms and a full bathroom, main level has kitchen, dining and HUGE living room, lower level has a family room with wood burning fireplace, a bedroom and a 3 piece bathroom, and the…


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affordable real estate in edmontonCondos/Apartments

If you’re looking for the lowest price possible right now then an apartment or condo may be the way to go.

The average price on residential detached homes right now is $204,000 which is a 10% decrease from this time last year. There are 442 new condo/apartment listings in the last month, and the average days on the market is 52. Here are the affordable condos/apartments in Edmonton.

For more information on affordable condos or apartments in Edmonton, click here to chat with someone at RE/MAX Select.

Affordable Condo/Apartment Listings

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Courtesy Of
Raymond Hoetmer Of Re/Max Select

$99,000 - 1319.67 Sq.Ft

Beds
3
Baths
1.2

ACTIVE

Condo

MLS® #E4214381

Cheaper then renting. Three bedrooms unit with 2pce off the master bedroom with walk in closet. Large dine in kitchen area, living room with door to yard and another 2pce bath can be found on the first level. Partly developed basement with a rec room , den and laundry area. Two assigned parking spots in front of unit.
Active

Courtesy Of
Stephen Jones Of Re/Max Select

$87,000 - 710.42 Sq.Ft

Beds
2
Baths
1

ACTIVE

Condo

MLS® #E4213406

"KING SIZE TOP FLOOR 2 BEDROOM" apartment-condo with plenty of storage space . A great affordable starter home for a 1st time buyer to start building wealth , or an excellent investment for RENTAL INCOME ! NEW VINYL PLANK flooring , good size kitchen , and a huge east facing balcony. Perfect for morning coffee with a city view .…
Active

Courtesy Of
Sada Mudliar Of Re/Max Select

$114,900 - 579.75 Sq.Ft

Beds
1
Baths
1

ACTIVE

Condo

MLS® #E4208489

Solid 1 bedroom main floor condo unit, is a perfect home for young couples, Seniors or working professionals. Also a great fit for University/NAIT Students. Excellent Location within walking distance to LRT, Transit, River Valley, Shopping Center. Comes with in-suite laundry, One assigned parking stall plus lots of visitor parking. Reasonably priced unit.
Active

Courtesy Of
Brian Trofimuk Of Re/Max Select

$115,000 - 924.63 Sq.Ft

Beds
2
Baths
1

ACTIVE

Condo

MLS® #E4208044

Very Well Maintained Townhome Featuring 2 Spacious Bedrooms, Good Sized Living Room, In Suite Laundry & Storage. Perfectly Located Within Walking Distance To All Amenities Including Schools, Shopping, Public Transportation And The Clareview Community Recreation Center. All Appliances Are Included And The Condo Fee Includes Heat & Water. Nothing To Do Here, Just Move Right In!!
Active

Courtesy Of
Douglas Purdy Of Re/Max Select

$139,000 - 551.76 Sq.Ft

Beds
1
Baths
1

ACTIVE

Condo

MLS® #E4206727

Right in the heart of Edmonton, this completely renovated unit including new stainless steel appliances is in the Hardwood Building. Located in Oliver one of the oldest neighborhoods in the city, it offers one of the most unique environments found within the city making this a great spot to look for first time home buyers seeking that urban lifestyles. Have…
Active

Courtesy Of
Carson Langridge Of Re/Max Select

$114,900 - 681.04 Sq.Ft

Beds
1
Baths
1

ACTIVE

Condo

MLS® #E4207385

FIRST TIME BUYER / INVESTMENT PROPERTY ALERT! This UPGRADED 1 bed 1 bathroom is located in one of the best locations in St.Albert. Seconds away from the Henday with easy access to Groceries, Restaurants, Schools and much more! This top floor, spacious condo has everything that you need inside INCLUDING brand new flooring and fresh paint. Also the washer and…


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affordable real estate in edmontonBare Land/Vacant Lots

When people think of bare land, vacant lots, or acreages they usually think of high prices, but believe it or not the price of these properties has actually dropped recently. The average price for land/vacant lots right now is only $351,737.

Of course there are always going to be high priced land or lot properties, but we have found the perfect affordable properties for you to browse through.

For more information on affordable lots or land in Edmonton, click here to chat with someone at RE/MAX Select.

Affordable Income Land/Vacant Lot Listings

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Courtesy Of
Keith Madsen Of Re/Max Select

$39,900

Beds
0
Baths
0

ACTIVE

Rural Land/Vacant Lo

MLS® #E4213499

LAKE FRONT LOT ON SANDY LAKE OFFERED AT ONLY $39,900! Incredible opportunity to own lake front with municipal services right at the property line! Swim, Fish, Boat and Build your dream home on SANDY LAKE! Only 30 min to Wabasca. 0.5acre Lot beside (890 Pelican Road also available!)
Active

Courtesy Of
Keith Halabi Of Re/Max Select

$84,800

Beds
0
Baths
0

ACTIVE

Rural Land/Vacant Lo

MLS® #E4212614

Perfect piece of land for your weekend family getaway! Approximately an hour east of Edmonton and less than an hour east of Sherwood Park.
Active

Courtesy Of
Nicole Mackoway Of Re/Max Select

$59,900

Beds
0
Baths
0

ACTIVE

Rural Land/Vacant Lo

MLS® #E4210863

Prime land waiting for you in Thorhild County! 6.89 acres two miles from pavement. Trees along the north and west side along the road. Perfect for your dream rural home, just minutes to Thorhild, 20 minutes to Westlock and 45 min to St Albert/Edmonton.
Active

Courtesy Of
Bonnie Lega Of Re/Max Select

$58,250

Beds
0
Baths
0

ACTIVE

Rural Land/Vacant Lo

MLS® #E4208657

PRIVATE, QUIET 2.95 ACRE LOT west of Boyle in Lake Country Estates subdivision. Want to build your dream home or have a quiet weekend retreat to get away from it all, this subdivision is located just off Hwy 63, minutes from Boyle. Services are at the property line. The area is well known for lakes, trails, quadding, hunting, fishing, boating,…
Active

Courtesy Of
Bonnie Lega Of Re/Max Select

$58,250

Beds
0
Baths
0

ACTIVE

Rural Land/Vacant Lo

MLS® #E4208658

PRIVATE, QUIET 3.16 ACRE LOT west of Boyle in Lake Country Estates subdivision. Want to build your dream home or have a quiet weekend retreat to get away from it all, this subdivision is located just off Hwy 63, minutes from Boyle. Services are at the property line. The area is well known for lakes, trails, quadding, hunting, fishing, boating,…
Active

Courtesy Of
Bonnie Lega Of Re/Max Select

$58,250

Beds
0
Baths
0

ACTIVE

Rural Land/Vacant Lo

MLS® #E4208659

3.11 ACRE LOT in a quiet subdivision just west of Boyle off Highway 63. Want to build your dream home or have a quiet weekend retreat to get away from it all, this subdivision is located just off Hwy 63, minutes from Boyle. Services are at the property line. The area is well known for lakes, trails, quadding, hunting, fishing,…


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IF YOU ARE INTERESTED IN AFFORDABLE REAL ESTATE IN EDMONTON, CONTACT US AT RE/MAX SELECT TODAY!