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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1-5/18
  • 11 6805 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4255607

    11 6805 112 Street Zone 15 Edmonton T6H 3K2
    Main Photo: 11 6805 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4255607
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    $155,000
    Condo
    Courtesy of Kimberleigh F Wyton of RE/MAX Elite
    Status:
    Active
    MLS® Num:
    E4255607
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    651 sq. ft.
    Welcome to beautiful and central Parkallen! This top floor sunny one bedroom condo is full of upgrades including new windows, brand new kitchen, and updated bathroom fixtures. With lots of natural light, spacious living areas, and beautiful finishes, this could be the condo for you! More details
    ALAN MACDONALD
  • 6 6815 112 Street NW in Edmonton: Zone 15 Condo for sale : MLS®# E4253829

    6 6815 112 Street NW Zone 15 Edmonton T6H 3K2
    Main Photo: 6 6815 112 Street NW in Edmonton: Zone 15 Condo for sale : MLS®# E4253829
    • Photo 1: 6 6815 112 Street NW in Edmonton: Zone 15 Condo for sale : MLS®# E4253829
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    $169,900
    Condo
    Courtesy of Rob Campbell of Homes & Gardens Real Estate Limited
    Status:
    Active
    MLS® Num:
    E4253829
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    764 sq. ft.
    Great opportunity close to University and in popular Parkallen . Two bedroom at this price is tough to come by , and this home has character! Bright kitchen with eat in breakfast nook .Hardwood floors , ensuite storage area . Updated bathroom and recently painted. Value plus . More details
    ALAN MACDONALD
  • 101 6720 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4255051

    101 6720 112 Street Zone 15 Edmonton T6H 3J8
    Main Photo: 101 6720 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4255051
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    $195,000
    Condo
    Courtesy of Leah M Cyr of RE/MAX Elite
    Status:
    Active
    MLS® Num:
    E4255051
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    552 sq. ft.
    Welcome to Parkallen Pointe! Close to South Campus transit this condo is ideal for students or investors looking for a rental in a great location. This one bed, one bath, corner unit has a spacious floor plan and 10ft ceilings. Bright paint and large windows allow plenty of light from the SW facing patio. This unit features an updated kitchen with maple cabinetry, hardwood and ceramic tile flooring as well as in suite laundry! More details
    ALAN MACDONALD
  • 104 6720 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4235887

    104 6720 112 Street Zone 15 Edmonton T6H 3J8
    Main Photo: 104 6720 112 Street in Edmonton: Zone 15 Condo for sale : MLS®# E4235887
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    $249,900
    Condo
    Courtesy of David K Goodchild of RE/MAX Elite
    Status:
    Active
    MLS® Num:
    E4235887
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    930 sq. ft.
    Welcome to the desirable area of Parkallen. This 2 bedroom corner condo has a large master bedroom with a 4 piece ensuite and walk in closet. There is an additional bedroom and a 4 piece main bathroom. The living room opens to the kitchen and has large windows letting in the warmth of natural light along with patio doors accessing the oversized patio. The kitchen is open and comes with all appliances. Features of this property include, high ceilings, laundry room & storage closet. This is a great value in an outstanding location within walking distance to the South Campus LRT and a quick commute to the U of A and Downtown. More details
    ALAN MACDONALD
  • 10975 72 Avenue in Edmonton: Zone 15 House for sale : MLS®# E4247236

    10975 72 Avenue Zone 15 Edmonton T6G 0B1
    Main Photo: 10975 72 Avenue in Edmonton: Zone 15 House for sale : MLS®# E4247236
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    • Photo 24: 10975 72 Avenue in Edmonton: Zone 15 House for sale : MLS®# E4247236
    • Photo 25: 10975 72 Avenue in Edmonton: Zone 15 House for sale : MLS®# E4247236
    $369,800
    Single Family
    Courtesy of Fan Yang of Mozaic Realty Group
    Status:
    Active
    MLS® Num:
    E4247236
    Bedrooms:
    4
    Bathrooms:
    2
    Floor Area:
    1,126 sq. ft.
    Great investment/holding property located in desirable Parkallen in University area. Sitting on a lovely 44’X130’ lot, this semi-bungalow syle home boasts 1,100+ sqft with 2+2 bdrms, 2 full baths plus a fully finished basement & an oversized single detached garage. Main floor has a spacious living room with newer laminate flooring, renovated kitchen with newer maple cabinets, countertop, backsplash & appliances, a bdrm, a full bathroom with Jacuzzi tub & a separate shower and laundry room. Upstairs has another large bedroom & loft area. Basement has 2 more bedrooms, a 3 pc bath & a den or 4th bdrm. South facing back yard with an oversized 16’X24’ single garage. Walking distance to public transit with easy access to UofA and Southgate shopping centre. More details
    ALAN MACDONALD
1-5/18
Data was last updated July 23, 2021 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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