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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Courtesy Of
Sharon Josey Of Re/Max Select

$309,900 - 1093.51 Sq.Ft

Beds
3
Baths
2

ACTIVE

Single Family

MLS® #E4221992

Fantastic family home conveniently located close to all amenities, 5 schools, shopping & public transportation. The front entrance opens to a spacious living room/dining room combo with Brazilian Cherry Hardwood Flooring. The kitchen offers plenty of cabinetry & counter space. Down the hall are 3 large bedrooms & a 4pc bath. The basement is fully developed with a Family Room,…
Active

Courtesy Of
Monte Gannon Of Re/Max Select

$350,000 - 1392.86 Sq.Ft

Beds
3
Baths
2.1

ACTIVE

Single Family

MLS® #E4221739

Fantastic 2 storey home in Terwillegar Towne. Bright and inviting main floor with hardwood and ceramic tile floors. The eat-in kitchen has loads of storage, a corner pantry, overlooks the backyard and features a breakfast bar for the kids. A nice size living room and 2 piece bath complete the main floor. Upstairs you will find 2 bedrooms including a…
Active

Courtesy Of
Dave Johnston Of Re/Max Select

$262,000 - 1119.46 Sq.Ft

Beds
4
Baths
2

ACTIVE

Single Family

MLS® #E4221586

Great location for this 2+2 bedroom, 2 bathroom, bilevel with over 1,100 sq ft on the main floor. The main floor has a large living room area seperate dining room, open kitchen, 2 large bedrooms, & a 4 piece bathroom. The base has a small kitchenette, 2 bedrooms, 3 piece bathroom, and a freestanding wood stove, 2 newer furnaces, &…
Active

Courtesy Of
Cassie Krawec Of Re/Max Select

$254,200 - 1172.85 Sq.Ft

Beds
4
Baths
1.1

ACTIVE

Single Family

MLS® #E4221229

There is so much value in this beautiful duplex. It features an oversized detached double garage with RV PARKING on a large south facing yard and a fantastic location! This 2 story home has gone through several renovations and boasts brand new carpets! There is a tonne of natural light throughout and you are just minutes from the Anthony Henday…
Active

Courtesy Of
Dave Johnston Of Re/Max Select

$215,000 - 645.84 Sq.Ft

Beds
3
Baths
1

ACTIVE

Single Family

MLS® #E4221021

Alberta Ave very clean and nicely renovated 2 bedroom, 1 bathroom open living room area on the main floor to a very nice kitchen. The home has newer windows and is fully finished. The basement is fully finished with another bedroom and sink and toilet. The garage is and oversized newer single detached garage. The property is fully fenced.
Active

Courtesy Of
Tyler Suchan Of Re/Max Select

$260,000 - 928.29 Sq.Ft

Beds
3
Baths
2

ACTIVE

Single Family

MLS® #E4220642

Cute and well-kept home with loads of character. Open concept living space and well designed layout ideal for upsizers, right-sizers, first-timers, and even investors at this price! Additional features include new cabinet/shelves in main bath, new HWT, humidifier, garage roof done 2010, garage subpanel with 60 amp service, backyard dog run, and basement dry bar. Spacious laundry room with lots…


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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
Michael Waddell Of Re/Max Select

$89,900 - 882.65 Sq.Ft

Beds
2
Baths
1

ACTIVE

Condo

MLS® #E4222263

Welcome to Meridian Pines in Stony Plain. This well maintained 18+ building is located in a very quiet area of town. This 3rd floor unit overlooks the walking path on the backside of the building where you can enjoy the sun rises. This suite is perfect for a first time buyer or for that investor looking to build their portfolio.…
Active

Courtesy Of
Ryan Black Of Re/Max Select

$98,800 - 570.49 Sq.Ft

Beds
1
Baths
1

ACTIVE

Condo

MLS® #E4222048

Are you an investor, first time homebuyer, student or empty nester looking to downsize? If so, you won't want to miss this fantastic opportunity! Why rent when you can own for less? 1 bedroom condo located in the heart of Oliver. Spacious layout with a large living room, master bedroom and in suite storage space. Within walking distance of public…
Active

Courtesy Of
Simon Chong Of Re/Max Select

$129,900 - 807.52 Sq.Ft

Beds
1
Baths
1

ACTIVE

Condo

MLS® #E4221953

Lovely 807 sq.ft one Bedroom + Den condo unit with 9' ceiling, featuring a spacious and open layout. Large and bright living room with bay windows and patio door access to the North facing balcony. Beautiful U-shaped kitchen with raised breakfast bar, pantry, and ample light colour cabinets. Spacious dining area. Bedroom with big window and a den for your…
Active

Courtesy Of
Wendy Hamel Of Re/Max Select

$129,900 - 1295.99 Sq.Ft

Beds
3
Baths
1.1

ACTIVE

Condo

MLS® #E4221966

INVESTOR/RENOVATOR'S SPECIAL! Ready for a winter project?? This 1,300 Sq. Ft., 2 storey townhouse with private West facing fenced yard and DOUBLE UNDERGROUND PARKING features 3 bedrooms, 1.5 baths and partial basement. Galley style kitchen with large eating space and adjacent living room. Primary bedroom is oversized and has a wall-to-wall closet PLUS a WALK-IN closet. Lots of storage and…
Active

Courtesy Of
Troy Haymour Of Re/Max Select

$119,900 - 785.77 Sq.Ft

Beds
2
Baths
1

ACTIVE

Condo

MLS® #E4221735

Top floor 2 bedroom in Wood Grove Place. Clean unit with kitchen that has fridge, stove and built in dishwasher included. Spacious dining area next to living room. Down the hall is the Master bedroom. Next to the master bedroom is the 4 pc bathroom with tub and shower. Another bedroom and full size storage room with washer and dryer…
Active

Courtesy Of
Steven Daniele Of Re/Max Select

$102,000 - 1001.05 Sq.Ft

Beds
3
Baths
1

ACTIVE

Condo

MLS® #E4221673

Welcome to Sherwood Park in the desirable community of Woodbridge. This 3 Bedroom condo is perfect for an investor or first time home buyer who is looking for a fixer-upper. Enjoy the cozy wood burning fireplace in the large living space. The balcony is spacious with room for patio seating and more. Condo fees include: heat, water, landscaping/snow removal, parking…


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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
Ross Storoshenko Of Re/Max Select

$99,000

Beds
0
Baths
0

ACTIVE

Rural Land/Vacant Lo

MLS® #E4220524

Calling all lake lovers! 37.93 Acres of prime land 5 MINUTES WEST OF BUCK LAKE.
Active

Courtesy Of
Ross Storoshenko Of Re/Max Select

$99,000

Beds
0
Baths
0

ACTIVE

Rural Land/Vacant Lo

MLS® #E4220519

Calling all lake lovers! 37.93 Acres of prime land 5 MINUTES WEST OF BUCK LAKE.
Active

Courtesy Of
Keith Madsen Of Re/Max Select

$99,900

Beds
0
Baths
0

ACTIVE

Rural Land/Vacant Lo

MLS® #E4220493

BEAUTIFUL 7.14 ACRE PARCEL PERFECT FOR BUILDING THE DREAM HOME OR GETAWAY FROM THE CITY! Halfway between Edmonton and Fort McMurray! This property is in the perfect spot to enjoy the privacy you want with the proximity to amenities in Boyle or Athabasca! The property is mostly treed but has a perfect building site nestled among the trees with a…
Active

Courtesy Of
Bonnie Lega Of Re/Max Select

$95,000

Beds
0
Baths
0

ACTIVE

Rural Land/Vacant Lo

MLS® #E4217415

Are you looking for your own private place to park your RV and enjoy the outdoors, tired of trying to reserve at a campground? Maybe build in the future? ONE ACRE lake lot near the SV of BONDISS at SKELETON LAKE in the Boulder Creek subdivision. Only a minute away from a 9 hole golf course, fishing, boating, swimming, ice…
Active

Courtesy Of
Oksana Liva Of Re/Max Select

$89,000

Beds
0
Baths
0

ACTIVE

Rural Land/Vacant Lo

MLS® #E4216243

Imagine waking up in your newly built home, breakfast on your deck then driving only 5 mins to Jackfish Lake where you can spend the day making family memories that last a lifetime on the boat, fishing, water sports or swimming! Welcome home to lovely community of Genesee Park! Beautifully located 3 acre corner lot available to build your dream…
Active

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!)


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