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
Tyler Suchan Of Re/Max Select

$259,900 - 993.41 Sq.Ft

Beds
3
Baths
2

ACTIVE

Single Family

MLS® #E4204291

IMMEDIATE POSSESSION AVAILABLE on this affordable half duplex bungalow. incredible value as you get a DOUBLE garage, fully finished basement, and NO Condo Fees!!! Total of 3 bedrooms, a basement den and 2 full bathrooms. Offering a very functional layout with separate side entry the main floor features a large family room, spacious kitchen with newer maple cabinetry and portable…
Active

Courtesy Of
Nigel McLean Of Re/Max Select

$229,995 - 923.01 Sq.Ft

Beds
3
Baths
1

ACTIVE

Single Family

MLS® #E4203877

First Time HOME OWNERS,INVESTERS,BUILDERS,will find this 3 BEDROOM DETACHED HOME incredible value.MOVE IN READY,this well appointed,renovated home maximizes space to give you that comfortable home feel.Enter your foyer with closet to a SPACIOUS LIVING ROOM with shelves,cabinets,hardwood floors & big windows,this leads to the Dining room with Oversized Porcelain Tiles,then to the Kitchen with newer cabinets,premium Miele Dishwasher,Fridge,Stove & Mircowave.No…
Active

Courtesy Of
Keith Madsen Of Re/Max Select

$349,900 - 1044.32 Sq.Ft

Beds
4
Baths
1

ACTIVE

Single Family

MLS® #E4203828

BEAUTIFUL 4 BEDROOM 1 BATHROOM BUNGALOW IN SHERBROOKE!. The pride of ownership is evident with this meticulously landscaped and cared for home! Some of the upgrades include, triple pane windows, furnace, hot water tank, 100 Amp upgraded panel, plumbing stack to ABS, eavestroughs, main floor bathroom with heated floors, fibreglass front door, steel back door, flooring throughout, dishwasher added, kitchen…
Active

Courtesy Of
Shawna Eskiw Of Re/Max Select

$239,000 - 1100.08 Sq.Ft

Beds
4
Baths
2

ACTIVE

Single Family

MLS® #E4202245

Investment Opportunity near Nait for this charming 1.5 storey. Features an upgraded Kitchen, original hardwood floors on the main floor, newer windows, bathroom upgrades started, Electrical panel has been upgraded to 100 amp service. Partially finished full height basement and oversized 22x16 single detached garage. Needs some TLC but a great opportunity awaits.
Active

Courtesy Of
Dave Johnston Of Re/Max Select

$344,900 - 984.91 Sq.Ft

Beds
4
Baths
2

ACTIVE

Single Family

MLS® #E4202235

Very clean in the neighborhood of Brintnell, Bilevel style home with a total of 3 bedrooms & 2 bathrooms located on a quiet corner lot with a large double detached garage & plenty of parking out front of the home. The main floor has and open kitchen with 2 large bedrooms & a 4 piece bathroom. The fully basement is…
Active

Courtesy Of
Ryan Gillen Of Re/Max Select

$282,111 - 1020.53 Sq.Ft

Beds
5
Baths
2

ACTIVE

Single Family

MLS® #E4202037

Prepare to be impressed with this 5 Bedroom 2 Bathroom bungalow with big ticket updates: Windows (2019), Egress Windows in basement bedrooms, Furnace (2017), Hot Water Tank (2017) and Electrical Panel (2010). Hardwood floors great you as you enter into the home. Spaciously living room leads to the dinning room and large kitchen with sliding glass patio doors to deck.…


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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

$109,900 - 822.37 Sq.Ft

Beds
2
Baths
1

ACTIVE

Condo

MLS® #E4204319

EXCELLENT OPPORTUNITY AWAITS!! 2 BEDROOM CONDO CORNER UNIT WITH NO NEIGHBOURS UPSTAIRS. Unit needs some work but is an fantastic opportunity to build some sweat equity. Over 800sqft gives you a Large Living room, Galley kitchen leads to dining room and access to patio doors for your balcony. All appliance stay. Both Bedrooms are a great size and could accommodate…
Active

Courtesy Of
Rachelle Cusworth Of Re/Max Select

$139,900 - 981.68 Sq.Ft

Beds
3
Baths
1.1

ACTIVE

Condo

MLS® #E4203758

A LITTLE DOUGH WILL DO YOU...With a little elbow grease this end unit located in Primrose Gardens can be yours! Family friendly layout, the main floor offers upgraded kitchen cabinets, Breakfast nook with window, spacious Dining area, Large Living Room with picture window and new carpet, 2 piece bath. Upstairs you'll find 3 Family sized bedroom and 4 piece bath.…
Active

Courtesy Of
Michael Waddell Of Re/Max Select

$86,888 - 651.22 Sq.Ft

Beds
1
Baths
1

ACTIVE

Condo

MLS® #E4203245

Welcome to Donna Manor. This impeccably maintained 1 bedroom unit comes complete with a large bedroom, 4 piece bathroom, a generous storage room, good sized kitchen/dining room area and a large living room with access to the balcony which overlooks the quiet mature tree lined street. This condo is walking distance to NAIT & Macewan University as well as shopping,…
Active

Courtesy Of
Che Taylor Of Re/Max Select

$49,500 - 529.59 Sq.Ft

Beds
1
Baths
1

ACTIVE

Condo

MLS® #E4202901

****TOP FLOOR ONE BEDROOM, ONE BATH UNIT in WINSTON ARMS***** Good starter condo or perfect for investment. One parking stall, balcony, laundry facilities on every floor, close to public transportation and LRT. HURRY BEFORE THIS ONE IS GONE!!
Active

Courtesy Of
Matteo Saccomanno Of Re/Max Select

$114,500 - 1401.69 Sq.Ft

Beds
3
Baths
1.1

ACTIVE

Condo

MLS® #E4202374

WOW! Honey let’s STOP RENTING! You can qualify to buy this home with $36,800 of household income per year & minimum 5% downpayment ($5,725). TOP FLOOR 3 Bed + 1 1/2 Baths, this 2 story condo is calling your name! Located with easy access to Yellowhead Trail, the Henday, stores, restaurants, schools & parks. Freshly painted with gorgeous laminate &…
Active

Courtesy Of
Tyler Suchan Of Re/Max Select

$150,000 - 861.01 Sq.Ft

Beds
2
Baths
1

ACTIVE

Condo

MLS® #E4201961

What incredible value!!! This 2 bedroom beauty has had a recent face-lift for its new owner. Hot water tank is 2 years old, refinished kitchen cabinets, new washer and dryer, and more! There is durable tile and laminate flooring throughout the home (great for pets), the master has a huge walk-in closet and there is an extra storage space right…


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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
Todd Burke Of Re/Max Select

$79,900

Beds
0
Baths
0

ACTIVE

Rural Land/Vacant Lo

MLS® #E4202320

This 0.300 acre lot has a gentle slop and backs onto a treed property which would make it a great spot to build or buy the property right beside it as well and own a huge piece of land. Antler lake is a wonderful community which is approximately 15 minutes to Sherwood park and features a community hall, playground, ball…
Active

Courtesy Of
Lucia Arnieri Of Re/Max Select

$199,900

Beds
0
Baths
0

ACTIVE

Rural Land/Vacant Lo

MLS® #E4200609

Peaceful opportunity awaits- 38.98 Acres located county of Barrhead. Grizzly Trail and Township Road 603A . Single phase with 25KVA power underground. Trees have been cleared allowing entry to property. Property comes with 2 trailers and 2 decks. ( sold as is where is). Trail in back of land and Lac La Nonne lake. Community store minutes away. Plenty of…
Active

Courtesy Of
Bonnie Lega Of Re/Max Select

$189,000

Beds
0
Baths
0

ACTIVE

Rural Land/Vacant Lo

MLS® #E4197095

ONE ACRE LAKEFRONT LOT at SKELETON LAKE. This lot is all about THE VIEW. Abundant wildlife, beautiful sunrises, located in a quiet subdivision on the west end of Skeleton Lake, minutes away from the boat launch, playground, golf course, Village of Boyle, and all kinds of trails in the area. For outdoor enthusiasts, it's the perfect location for fishing, boating,…
Active

Courtesy Of
Ross Storoshenko Of Re/Max Select

$79,000

Beds
0
Baths
0

ACTIVE

Rural Land/Vacant Lo

MLS® #E4196769

Lake view! Half acre lot located at Sunset Bay at Buck Lake! Lot 602 SunsetBay is in the southeast corner on the water at Buck lake . Lot includes a boat slip and has a $275 per year community fee . The lot has power already installed and includes a shed. Last of the developers lots in the valley in…
Active

Courtesy Of
Randy Mayoh Of Re/Max Select

$98,000

Beds
0
Baths
0

ACTIVE

Rural Land/Vacant Lo

MLS® #E4194735

3.43 acres all high and open. Lots of room for horse and a shop. Power, natural gas and phone at property line. Seller will sell lot or will build to suit.
Active

Courtesy Of
Randy Mayoh Of Re/Max Select

$99,000

Beds
0
Baths
0

ACTIVE

Rural Land/Vacant Lo

MLS® #E4194733

Beautiful property that sides onto a large green space, possible walk out lot. Seller will sell lot or will build to suit.


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