• 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
Courtesy of Jennifer A Elander Bianchini of RE/MAX Real Estate
Status:
Active
MLS® Num:
E4377823
Bedrooms:
5
Bathrooms:
3
Floor Area:
1,355 sq. ft.126 m2
Welcome to Parkallen and this fantastic 1.5 storey home 5 bed & 2.5 bath with a stunning garden & yard. The charming living room features a gas stove, wood beam and a view of the stunning front yard. The updated kitchen features stainless steel appliances, plenty of cupboard space plus access to the backyard patio and the lush backyard. Two good sized bedrooms and 4pc bathroom complete the main floor. The primary bedrooms is upstairs features large windows for plenty of light and generous closets for storage. A loft area which would be great for a reading nook or office area, a bedroom and a 2pc bath complete the upstairs. The basement is fully finished with a family room, a bedroom, 3pc bath, second kitchen and cold room. The double detached garage is oversized with plenty of storage room. The yard is a green oasis with vegetable garden, fruit trees and so much more. Updates include HE Furnace, Sump & weeping tile and panel. Easy access to the U of A, Whitemud Freeway, shopping and transit. Welcome Home!More details
HUGE CORNER LOT on a quiet street in Parkallen. 825.95m2 (approx 39.69/20.87m) Beautiful Character Home with many upgrades. Close to University, Hospital, Cross Cancer, Whyte Ave, shops, parks etc. New windows, roof, porches, weeping tile, sump, HWT, furnace motor & circuit board. Charming arches, coved ceilings. Main floor has main bdrm, lg bath, LR, DR, and updated kitchen (brand new dishwasher). Upstairs, spacious open loft space. Downstairs, 2 bdrm in-law suite with sep entrance. The original garage has been closed off to become an additional large heated extra/storage rm. This huge, subdividable lot is on 2 titles.More details
Courtesy of Neeraj Mudholkar of Century 21 Signature Realty
Status:
Active
MLS® Num:
E4367945
Bedrooms:
4
Bathrooms:
3
Floor Area:
2,654 sq. ft.247 m2
Modern 2 Storey home 2654 sq/ft with 4 bedrooms, 3 full bathrooms, TRIPLE Garage with a 650 square foot 2 Bedroom GARAGE SUITE! Lots of upgrades including modern LED lighting, quartz counters, Closets with organizers, two fireplaces, built in speakers, triple pane windows, cat 5 wiring & much more. Open concept Main Floor with large windows overlooking the backyard. The Main floor also has a large bedroom/flex room with a large walk in closet perfect for multi-generational families or great as family room/office. The master suite includes a private balcony, a huge walk-in closet with built in organizers, ensuite with walk in shower, tub, and double sinks. There also are 2 additional bedrooms, main bath, laundry, & bonus room with a 2nd balcony overlooking the tree lined street. The south west back yard is massive & the triple garage gives storage for all your toys! The legal garage suite provides extra rental income! Near the U of A, LRT, & Downtown. This home is freshly painted & modern – The Basement hMore details
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.
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 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 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
• 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