Parkallen, Edmonton | Neighbourhood Profile

By January 9, 2013 NEIGHBOURHOOD
Parkallen,Edmononton-Neighbourhood-Profile-Photo

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

1-5/18
  • 5 6805 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4177199

    Main Photo: 5 6805 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4177199
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    • Photo 18: 5 6805 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4177199
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    • Photo 22: 5 6805 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4177199
    • Photo 23: 5 6805 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4177199
    • Photo 24: 5 6805 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4177199
    • Photo 25: 5 6805 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4177199
    • Photo 26: 5 6805 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4177199
    • Photo 27: 5 6805 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4177199
    • Photo 28: 5 6805 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4177199
    • Photo 29: 5 6805 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4177199
    $154,880
    Condo
    Courtesy of Frank A Vanderbleek of Royal LePage Noralta Real Estate
    Status:
    Active
    MLS® Num:
    E4177199
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    670 sq. ft.
    Amazing Parkallen location with quiet residential streets! This bright, 1 bedroom, 1 bath, 658 SF apartment condominium features a separate entrance from the main living space. Galley-style kitchen is open to the dining area with a large west-facing window flooding both rooms with ample natural light. The spacious, sunny living room (open to the dining room) and expansive master suite feature original thin-strip hardwood flooring for a classic feel. Both the living room and bedroom have large west-facing windows overlooking the park-like grounds with large stretches of green grass and numerous mature trees, home to songbirds and local wildlife. Situated between the living space and master bedroom is a large storage room and a well-appointed, recently-retiled, four-piece bath. Iconic elm tree lined streets with nearby fruit trees, community garden, and bakery, combined with easy access to the U of A, LRT, cycling corridors & Whyte Avenue, make this one of Edmonton’s most sought-after communities. More details
    ALAN MACDONALD
  • 202 6720 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4175365

    Main Photo: 202 6720 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4175365
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    • Photo 21: 202 6720 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4175365
    $289,900
    Condo
    Courtesy of Sheena M Millard of MaxWell Progressive
    Status:
    Active
    MLS® Num:
    E4175365
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    925 sq. ft.
    EXQUISITE 2 Bedroom + 2 Bathroom CUSTOM Condo in DESIRABLE PARKALLEN! Perfect for Professionals, First time Buyers, Investors and U of A Students. Close to the LRT Station, the University and many other amenities and nestled in a Quiet and Mature Tree lined neighborhood. You get the best of both worlds! This BRIGHT and SPACIOUS unit features 9ft ceilings, Open concept layout and Premium finishings throughout. The kitchen has dark Maple cabinets, Large Island with seating and tons of counter space. The Huge living room has access to the Private no maintenance balcony with gas BBQ hook up. There are 2 generous bedrooms, insuite laundry with storage and the master bedroom has a Walk in closet with Modern 4 pc ensuite. Other features include neutral paint, lots of windows, porcelain ceramic tile, sound dampening insulation, individual high efficient heating and an energized parking stall. This is a FANTASTIC Condo in one of the most DESIRABLE Neighborhoods. This is the ONE you've been waiting for!! More details
    ALAN MACDONALD
  • 101 11140 68 Avenue in Edmonton: Zone 15 Condo for sale : MLS®# E4177745

    Main Photo: 101 11140 68 Avenue in Edmonton: Zone 15 Condo for sale : MLS®# E4177745
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    • Photo 31: 101 11140 68 Avenue in Edmonton: Zone 15 Condo for sale : MLS®# E4177745
    $314,500
    Condo
    Courtesy of Natalie D Murray of Century 21 All Stars Realty Ltd
    Status:
    Active
    MLS® Num:
    E4177745
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    1,080 sq. ft.
    A CONCRETE building in the University at this price, Wait What? Yes a Total Hidden Gem! Walk-Able Minutes to either U of A or jump on a train, Bike or a direct Bus ... This Condo is sure to please offering you in-suite laundry, underground parking, covered-storage, exercise & social room and a large 2 bdrm, 2 bath suite. The kitchen features granite counter-tops, S.S appliances, tile flooring & a raised eating bar open to the dining & living area featuring hardwood flooring, large windows, corner fireplace & a garden door out to the patio w/ gas hook-up. The master bedroom offers a 3-piece bath & a walk-in closet w/custom built-in shelving/organizers, A super spacious 2nd bdrm with a full 4-Pce Bath just outside the door. This suite also offers a large storage/laundry room with built-in shelving. Did I mention the building amenities or that the property is just minutes walk to the LRT or bus stop direct to the University of Alberta, School or Hospital? Make sure this suite is on your list to see!! More details
    ALAN MACDONALD
  • 202 11120 68 Avenue in Edmonton: Zone 15 Condo for sale : MLS®# E4172391

    Main Photo: 202 11120 68 Avenue in Edmonton: Zone 15 Condo for sale : MLS®# E4172391
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    $330,000
    Condo
    Courtesy of Taylor J Hack of RE/MAX River City
    Status:
    Active
    MLS® Num:
    E4172391
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    1,012 sq. ft.
    Welcome to Parkallen, a great community in south-side Edmonton with easy access to the University of Alberta. Imagine welcoming your friends & family into your new property across from the park as they compliment you on this 2 bedroom condo with great upgrades, a large bright floor-plan & underground parking. Wait until you tell them your place is air-conditioned & it's the quietest building you've ever been in! With the steel/concrete construction you don't hear the neighbours as much as a wood framed building & it's only adult living (18+) so no kids running in the halls. Plus the building has a social room & fitness centre. From this location it's easy to get to all the south-side hot spots including Whyte Avenue, Southgate Centre, & the Edmonton River Valley. If you're looking for a quiet well managed building.. If you love the convenience of a condo with a central location.. If you love the idea of a quiet building with it's own sense of community, then this home might be your home. More details
    ALAN MACDONALD
  • 10963 72 Avenue in Edmonton: Zone 15 House for sale : MLS®# E4179303

    Main Photo: 10963 72 Avenue in Edmonton: Zone 15 House for sale : MLS®# E4179303
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    • Photo 29: 10963 72 Avenue in Edmonton: Zone 15 House for sale : MLS®# E4179303
    $374,900
    Single Family
    Courtesy of John M Taggart of Core Real Estate Group
    Status:
    Active
    MLS® Num:
    E4179303
    Bedrooms:
    4
    Bathrooms:
    3
    Floor Area:
    1,199 sq. ft.
    This upgraded 4 bedroom character home offers a unique and affordable opportunity to live in one of Edmonton's top neighborhoods Parkallen. The house is in excellent structural condition, clean and ready to move in! ALL of the upstairs second floor is the huge master bedroom, there is room for a make up area AND a full en-suite bathroom with jacuzzi! The main floor has the beautiful original hardwood floors, another bedroom, a bathroom, dining room, a great kitchen with french doors to a large deck! The basement is finished with more bedrooms and another full bathroom! The lovely back yard is spacious, fenced and nicely landscaped with a full deck and and a double garage that provides excellent storage and could be made to house cars with minimal effort. There have been many upgrades done to this house including the sewer line, windows and an updated furnace, hot water tank and electrical. Close to everything and with excellent space and in great condition this home is a winner! More details
    ALAN MACDONALD
1-5/18
Data was last updated November 15, 2019 at 02:30 PM (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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