$478,000
427 39 ST SW
Edmonton, Alberta
3bed3bath
detached in Edmonton
Browse 1,690 active listings
Market Analysis
In Edmonton's residential landscape, the detached home segment under $500,000 attracts a diverse mix of buyers. Young families looking for more space often gravitate towards areas like Mill Woods, where schools such as Satoo School provide excellent education options. Additionally, first-time buyers are keen on neighborhoods such as Terwillegar, where modern amenities seamlessly blend with suburban charm. These buyers typically seek a community-oriented lifestyle with access to parks, recreation centers, and family-friendly activities. Furthermore, urban professionals are starting to consider detaching homes near the downtown core, like in Oliver, for a unique balance of suburban peace with urban convenience. A growing interest in homeownership is also seen among recent immigrants who view this market segment as an affordable pathway to invest in their future. They often prioritize properties that offer a welcoming community and proximity to cultural institutions, enhancing their living experience in Edmonton.
Price Insights
For buyers entering the Edmonton market under $500,000, a variety of options awaits. With a median price of $435,000 and an average price of $415,821, one can find well-maintained detached homes boasting three bedrooms, ample yard space, and even a garage. Neighborhoods like Westmount and Capilano are particularly appealing for their mid-century homes with character and proximity to urban amenities. In this price bracket, buyers can expect features such as updated kitchens, spacious living areas, and outdoor spaces suitable for family gatherings or gardening. For instance, properties on streets like 107 Avenue or 80 Street present opportunities to secure a detached home within walking distance of parks like Kinsmen Park and various local shops. Thus, buyers can maximize value while enjoying the comforts of home ownership.
Available Properties
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About This Property Type
Detached homes in Edmonton are characterized by their standalone structure, offering privacy and independence not found in attached homes. Typically featuring front and backyards, these properties are ideal for those who appreciate outdoor spaces for leisure and entertaining. In neighborhoods like Strathcona or Belgravia, buyers can find a mix of traditional bungalows and contemporary two-storey designs. The diversity in architectural styles is evident across the city, with many homes equipped with modern conveniences such as energy-efficient appliances and updated HVAC systems. Additionally, the range of square footage allows families of different sizes to find an ideal fit—whether it's a cozy starter home or a larger property for growing families. This variety ensures that detached homes remain a sought-after option in Edmonton’s real estate landscape.
Location Highlights
Edmonton is a vibrant city known for its rich culture and outdoor opportunities, making it an attractive place to live. The city's extensive river valley park system, including the picturesque trails along the North Saskatchewan River, provides ample opportunities for outdoor enthusiasts. The vibrant arts scene, with venues like the Art Gallery of Alberta and the Winspear Centre, attracts creatives and those who appreciate the arts. Neighborhoods such as Glenora and Jasper Place offer a mix of historic charm and modern convenience, while amenities like the West Edmonton Mall, one of the largest shopping centers in North America, cater to all shopping needs. Furthermore, with major transit routes, including the LRT system and well-developed bus services, residents enjoy easy access to both the downtown core and outlying suburbs, enhancing the appeal of living in Edmonton.
Investment Advice
Purchasing a detached home in Edmonton's up to $500,000 is not just a viable option; it's a savvy investment choice. With the current market conditions being buyer-friendly, you have ample selection and potential for appreciation. The Edmonton market has shown resilience and steady growth, making it a practical long-term investment. Areas like Mill Woods and Fort Saskatchewan are expected to see continued development, further increasing home values. Moreover, with rental demand remaining strong due to the city's diverse economy, investing in a detached home can also provide a solid rental income stream should you choose to rent out. Given the affordability and lifestyle options available, entering the Edmonton real estate market now could yield excellent returns down the line, both financially and personally.
Buying Tips
When considering a detached home purchase in Edmonton, it’s essential to conduct thorough research on neighborhoods that align with your lifestyle. Neighborhoods like Callingwood and Summerside offer great family amenities, including schools, parks, and recreational facilities. It's wise to visit these areas at various times of the day to get a true feel for the community. Engaging with a local real estate agent familiar with the Edmonton market can provide invaluable insights and help you navigate the buying process. Additionally, take advantage of home inspections to ensure the property is in good condition, especially since many homes in this price range may require some renovation. Be financially prepared with pre-approval for your mortgage to streamline your purchasing power. Remember, patience is key—given the ample selection, you may find the perfect detached home that meets your needs and budget.
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Frequently Asked Questions About Edmonton
How many detached homes are for sale in Edmonton?
There are currently 1,690 detached homes listed for sale in Edmonton on this site. Listings are updated multiple times per day from CREA's DDF®.
What is the benchmark price of a detached in Edmonton?
Per the MLS® HPI (REALTORS Association of Edmonton), June 2026: the detached benchmark price in Edmonton is $510,900. The benchmark represents a typical property as published by the board; individual detached homes vary by size, condition, and location.
How often are detached listings updated in Edmonton?
Listings on this page are updated multiple times per day directly from CREA's DDF® (Data Distribution Facility). New listings typically appear within minutes of being added to the MLS® system.