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Parkallen At A Glance

Homes in Parkallen

• Average Asking Price (2012): $407,800
• Asking Price Range (2012): $145,000 to $686,900
• Average Home Size (Approx): 1140ft²
• Size Range (Approx): 550ft² to 2300ft²

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  • 205 11140 68 Avenue in Edmonton: Zone 15 Condo for sale : MLS®# E4372691

    205 11140 68 Avenue Zone 15 Edmonton T6H 2C2
    Main Photo: 205 11140 68 Avenue in Edmonton: Zone 15 Condo for sale : MLS®# E4372691
    $289,900
    Condo
    Courtesy of Teresa Koziel of Homes & Gardens Real Estate Limited
    Status:
    Active
    MLS® Num:
    E4372691
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    1,088 sq. ft.
    Welcome to Park One West - concrete building in the heart of Parkallen. Well maintained, second floor, 2 beds , 2 baths unit with west windows overlooking the trees. It offers large kitchen with SS appliances, granite countertops & plenty of cabinets. Spacious living room comes with electric fireplace & built-in wall unit. Bedrooms are on opposite sides of living area which makes it great for sharing. Master bedroom c/w large walk-in closet & 3 pc ensuite bath. 9' ceilings add to a spacious feel of this condo. Large, covered balcony provides hook up for gas barbecue. Laundry room has extra cabinets & cloths hangers. Price includes all appliances, roller blinds, built-in wall unit & fireplace, underground & titled parking as well as sizeable (8'2" by 6'8") storage room. Park One West is an adult building (18+) and no pets are allowed. Parkallen is a family oriented neighbourhood, close to LRT, UofA, downtown, shops & Whitemud. Make this competitively priced condo your new home! PRICED TO SELL. More details
    ALAN MACDONALD
  • 302 11140 68 Avenue in Edmonton: Zone 15 Condo for sale : MLS®# E4372711

    302 11140 68 Avenue Zone 15 Edmonton T6H 2C2
    Main Photo: 302 11140 68 Avenue in Edmonton: Zone 15 Condo for sale : MLS®# E4372711
    $349,900
    Condo
    Courtesy of Lorraine Alfonsi of MaxWell Devonshire Realty
    Status:
    Active
    MLS® Num:
    E4372711
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    1,027 sq. ft.
    Great opportunity to own this lovely 2 bedroom 2 bathroom unit in this steel and concrete building in the heart of Parkallen! This condo comes with one titled underground parking stall which includes the storage unit in front of the stall. This unit has been well maintained and features granite counters, stainless steel kitchen appliances, dark laminate flooring, California cloests custom storage unit in living room and in second bedroom, 9 ft ceilings, electric fireplace, new heat pump. There is truly nothing to do but move in. The layout is excellent for sharing with bedrooms and bathrooms at opposite sides of the unit. East facing patio. This building has an excersize room and an amenties room. This building is located in front of the school grounds/park and is around the corner from the community centre and the local ice cream shop, coffee shop and bakery. Easy access to UofA, Southgate, Whyte Ave, LRT. More details
    ALAN MACDONALD
  • 401 11140 68 Avenue in Edmonton: Zone 15 Condo for sale : MLS®# E4358656

    401 11140 68 Avenue Zone 15 Edmonton T6H 2C2
    Main Photo: 401 11140 68 Avenue in Edmonton: Zone 15 Condo for sale : MLS®# E4358656
    $364,900
    Condo
    Courtesy of Tennille M Sydor of Homes & Gardens Real Estate Limited
    Status:
    Active
    MLS® Num:
    E4358656
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    1,073 sq. ft.
    What a RARE find! This unique original owner 2 bedroom, 1 1/2 bath condo is nestled in the quaint community of Parkallen. This GEM of a UNIT has had $80,000 in renovations & upgrades to accommodate those w/ mobility concerns. The kitchen was tastefully redone with an open concept, white cabinetry, gleaming granite counters, Jenn-Aire appliances and access for anyone to cook like a chef! Both bedrooms are roomy with lifts to take you from bed to the bathrooms with ease...the primary had a total ensuite renovation with glorious walk-in/wheel-in shower. Views from the balcony of the park & school across the street provide tranquility and peace. Added features of this property are A/C, gas line for BBQ on the deck, plus the elevator leads to your tandem underground parking, storage room, fitness room & meeting room in the building. Just down the street is the community centre, park, community garden, coffee shop, bakery & more! You will be impressed with everything that this unit and area has to offer! More details
    ALAN MACDONALD
  • 11142 62 Avenue in Edmonton: Zone 15 House for sale : MLS®# E4372925

    11142 62 Avenue Zone 15 Edmonton T6H 1N2
    Main Photo: 11142 62 Avenue in Edmonton: Zone 15 House for sale : MLS®# E4372925
    $449,900
    Single Family
    Courtesy of Peter B Taylor of MaxWell Progressive
    Status:
    Active
    MLS® Num:
    E4372925
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    850 sq. ft.
    Substantially renovated raised bungalow in a prime quiet area of Parkallen with a SEPARATE SIDE ENTRANCE TO THE BASEMENT. Located on a quiet tree lined street with a 50 foot wide lot, there have been significant recent renovations including a completely new and modernized main floor with high end engineered hardwood, new granite kitchen with new appliances, new four piece bathroom. The former one bedroom basement suite has been removed to allow for substantial renovations: including INTERIOR WEEPING TILE/SUMP (installed about 2010), egress windows, furnace. Now there is potential of adding a two bedroom basement suite with a dry basement. There is a 15 year warranty included for any moisture in the basement. Additional upgrades include newer triple pane windows, furnace, electrical, plumbing, vinyl siding. This is a short bike ride to the University of Alberta, and walking distance to the South Campus LRT for University and downtown access. More details
    ALAN MACDONALD
  • 10942 63 Avenue in Edmonton: Zone 15 House for sale : MLS®# E4371638

    10942 63 Avenue Zone 15 Edmonton T6H 1R2
    Main Photo: 10942 63 Avenue in Edmonton: Zone 15 House for sale : MLS®# E4371638
    $949,000
    Single Family
    Courtesy of Robbie Kamaleddine of Real Broker
    Status:
    Active
    MLS® Num:
    E4371638
    Bedrooms:
    5
    Bathrooms:
    4
    Floor Area:
    2,636 sq. ft.
    Welcome to luxury living in the heart of Parkallen. Inside the grand foyer, soaring 10' ceilings create an immediate sense of airiness. The main floor boasts an open-concept layout, seamlessly connecting the living, dining & kitchen areas. Rustic hardwood floors lead the way to a chef's dream kitchen, complete w/ top-of-the-line SS appliances, custom cabinetry & central island. An oversized walkthrough pantry is discreetly tucked away & connects to the spacious mudroom. Ascend the staircase to the 2nd lvl, where the luxurious primary suite awaits. This sanctuary offers a private oasis w/ a spa-inspired ensuite bath & fabulous walk in closet. Additional bdrms on the second floor offer flexibility for add'l accommodations. A finished bsmnt boasts a fully furnished 2 bdrm legal suite w/ polished concrete floors & 10' ceilings - generating an avg earning potential of 35k/yr. Outside, the backyard serves as a private retreat w/ a triple oversized garage feat. a lift & an additional 350 Sq Ft storage space! More details
    ALAN MACDONALD
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Data was last updated February 23, 2024 at 12:30 AM (UTC)
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Parkallen Real Estate Market

Hot Market Index (2012):  59.9 °G
• Absorption (2012): 62.1%
• Buyer Willingness (2012): 94.7%
Desirability Score (2012): 93.0/100 (Very desirable)
• Dilapidation Score (2006)*: 13.8% (Okay)

Parkallen, Edmonton Hot Market Index (2012)

Parkallen Hot Market Index as compared to the City Average  (2012)

Amenities

• Accessibility Score: 49 homes per point of access (Excellent).
• Parking: Very good.
• Transit: 10 bus stops.
• Parks: 2 parks within neighbourhood boundaries

Location & Description

Parkallen is built on a modified grid with narrower streets and treed boulevards. A quiet neighbourhood with excellent access to the University area, but no through traffic, Parkallen is a great family neighbourhood with an elementary school and a bit of park land.

The homes in the area are fairly expensive because of the location in general and asking prices range from $145,000 for a condo to $686,900 for a large home – average asking prices are just over $400,000. Sizes of homes range anywhere from 550ft² apartments all the way to 2300ft² two-storeys, but average is a reasonable 1140ft²

The area is quite desirable, with only 6% of the owners in the area interested in selling. The Hot Market Index is quite high for the area as well. I think this shows quite the interest in the inner city and especially areas just south of the river. The area is so beautiful and the prices are still pretty good, so I bet interest continues to grow for Parkallen. Currently the Index is at a very warm 59.9 °G – much higher than most neighbourhoods. I would say that Parkallen would be a good investment for a the future. Once people realize how great it is, those prices are likely to rise.

Edmonton Real Estate Zones (South West)

Parkallen is located in Edmonton real estate zone 15 along with McKernan, Allendale, Queen AlexandraGarneauWindsor Park and the University of Alberta.

A bar graph showing when homes were constructed in Parkallen*

A bar graph showing when homes were constructed in Parkallen

From the above chart, you can see that almost all of the construction in the Parkallen neighbourhood was post-war construction. There is almost no new development since then. An interesting arrangement – not very common at all. There may be future development in the community but as it stands, everything is quite old. This adds to the character of the neighbourhood – it looks like residents here would rather fix-up their house instead of knocking it down. That’s cool – it’s the ‘green’ thing to do.
A pie chart showing home types in the Parkallen neighbourhood*

A pie chart showing home types in Parkallen

There is a good mix of property types in Parkallen. 65% houses (mostly bungalow and semi-bungalows), 20% low-rise apartments, 14% semi-detached homes (like duplexes and triplexes). And the remainder is from a high-rise in the area.

A pie chart showing how many homes are rented versus how many owned in Parkallen*

A pie chart showing the percentage of homes that are rented versus owned in Parkallen

Occupancy in Parkallen is very close to the City of Edmonton average. That is, there are 62% owners and 38% renters in the area. Pricing of homes is what affects rental rates the most, and these houses are quite expensive still, so there are not as many investors as there would be in less expensive neighbourhoods.

Condos in Parkallen

There are only 4 condo buildings in Parkallen, they are:

• Beau Park – 6815 112 St
Park One East – 11120 68 Ave
• Park One West – 11140 68 Ave
• Parkallen Pointe – 6720 112 ST | A no-pet, low-rise apartment built in 2011

Schools in Parkallen

Elementary:

Parkallen School6703 112 St |780 434 8503

Junior High:

~ None in this neighbourhood

High Schools:

~ None in this neighbourhood

Other Schools:

~ None in this neighbourhood

Parks & Recreation

There are 2 City parks in Parkallen. They are:

• Ellingson Park – 11104 65 Ave
• Violet Archer Park – 10920 70 Ave

Access & Parking

Access to and out of Parkallen is decent with 19 points of entry/exit. That’s one street for every 49 houses, so getting around even during rush hour should be reasonable. Distances to the University of Alberta, Downtown and Southgate Mall are quite good as well.

Parking in the area shouldn’t be a problem either. Besides some narrower streets, there should be no restrictions on parking in Parkallen. The area is far enough from the University and Whyte Avenue to have any parking restrictions.

Transit

There are 10 bus stops in Parkallen, giving a transit score of 940/10, or 94 homes per bus stop – not bad at all. Catching the bus shouldn’t be too difficult, and there is always the LRT station close by at South Campus Station near Foote Field.

* Source: 2006 Census of Canada, Statistics Canada


 

by +Alan F Macdonald REALTOR® | Copyright © – gimme-shelter.com

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Alan F Macdonald

Author Alan F Macdonald

Alan F Macdonald is a real estate agent with Maxwell Challenge Realty in Edmonton, Alberta.

More posts by Alan F Macdonald

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