Queen Alexandra, Edmonton | Neighbourhood Profile

By January 6, 2013 NEIGHBOURHOOD
Queen-Alexandra,Edmonton-Neighbourhood-Profile-Photo

 

Check out Queen Alexandra real estate listings here.

Queen Alexandra At A Glance

Homes in Queen Alexandra

• Average Asking Price (2012): $375,000
• Asking Price Range (2012): $150,000 to $750,000
• Average Home Size (Approx):  1140ft²
• Size Range (Approx): 460ft² to 2570ft²

Queen Alexandra Real Estate Market

• Hot Market Index (2012):  49.4 °G
• Absorption (2012): 58.7%
• Buyer Willingness (2012): 92.2%
• Desirability Score (2012): 95.3/100 (Very desirable)
• Dilapidation Score (2006)*: 5.0% (Astounding)

Queen Alexandra & the Average Edmonton Hot Market Index (2012)

Queen Alexandra & the Average Edmonton Hot Market Index (2012)

Amenities

• Accessibility Score: 66 homes per point of access (Excellent).
• Parking: Pretty good in most areas.
• Transit: 25 bus stops.
• Parks: 5 parks within neighbourhood boundaries

 

 

 

Location & Description of Queen Alex

Queen Alexandra is a neighbourhood located just south of Whyte avenue between 109th street and 104th street and running up to 70th Avenue.

Prices of homes in Queen Alex are fairly reasonable when it comes to such a central area at a $375,000 average. Prices ranged all the way from $150,000 to $750,000 in 2012 – not very expensive compared to some other neighbourhoods in the area.  Average home sizes are just over 1100ft² and the range (of the ones sold in 2012 at least) is one bedroom apartments at a miniscule 460ft² ranging all the way to a very large – but still fairly reasonable 2500ft².

Queen Alex is fairly popular these days – getting a Hot Market score of 49.4 °G. That’s a little more popular than neighbourhoods nearby, but not so hot as McKernan. The area is quite desirable with owners, too – over 95% of them didn’t try to sell last year – meaning the area is excellent at meeting their needs – be it for investing or living. Interestingly as well, the Dilapidation Score for the neighbourhood is very low meaning even though there are a lot of older homes and buildings here, they are well kept. That is a huge plus for residents because too many run down homes starts to make an entire area look run down. Not the case in Queen Alex.

Edmonton Real Estate Zones (South West)

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

A bar graph showing when homes were constructed in Queen Alexandra*

A bar graph showing when homes were constructed in Queen Alexandra

Queen Alexandra has a very good mix of decades going for it. Not so much was constructed in recent years, but there is a lot made in the Pre-war era, the Post-WWII era and the 60s and 70s. Even the early 1980s saw some construction in Queen Alexandra. This is not a common sight and makes for a very architecturally interesting community.
A pie chart showing home types in the Queen Alexandra neighbourhood*

A pie chart showing home types in Queen Alexandra

A great mix of unit types here in this neighbourhood. Walk down a street and you should see almost everything. This is a testament to the location because density is needed, but also the development periods. Every period has its favourite style of home and Queen Alexandra has many types for sure.
A pie chart showing how many homes are rented versus how many owned in Queen Alexandra*

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

Queen Alex offers an excellent mix of unit types for owners and investors alike, but it looks like it must be geared well for investors if over 3/4 of all units are rented out. This makes sense considering the proximity to the University, but also because of the younger demographic in the Whyte Ave area as well. Many people who work nearby will be younger, walk to work and enjoy being close to the hustle and bustle of the Old Strathcona area. A perfect place to invest if you’re looking for a low vacancy rate to be sure.

Condos in Queen Alexandra

There are quite a few condominium buildings in Queen Alex so if you’re looking for one, the buildings are:

• Avenue, The – 10525 80 Ave
• Blue Spruce Manor – 10633 81 Ave
• Cambridge Place – 10520 80 Ave
• Clinton Manor – 10746 80 Ave
• Erice, The – 10816 76 Ave
• Harvest – 10635 80 Ave
• Isabelle – 10610 79 Ave
• Milestone (at Queen Alexandra), The – 10633 81 Ave
• Monterey Manor – 10719 80 Ave
• Mount Carmel Place – 10504 77 Ave
• Nina Manor – 10630 79 Ave
• Spruce Manor – 10621 79 Ave
• Strathcona Court – 10528 77 Ave
• Tipton Place – 10580 Ave
• Tuscany Place – 10630 78 Ave
• University Properties – 7907 109 St
• Wiltshire – 7725 108 St

Schools

Elementary:

Queen Alexandra Elementary  – 7730 – 106 St | 780 439 2516

Our Lady of Mount Carmel School – 10524 76 Ave | 780  433 1062

Junior High:

Our Lady of Mount Carmel (see above)

High Schools:

Strathcona High School – 10450 – 72 Ave | 780 439 3957

Other Schools:

~ None in this neighbourhood

Queen Alexandra Parks & Recreation

There are 5 City parks in Queen Alexandra. They are:

• Joe Morris Park – 10824 78 Ave
• Our Lady of Mount Carmel School Park  – 10524 76 Ave
• Queen Alexandra School Park – 7730 – 106 St
• Rollie Miles Athletic Field – 10480 73 Ave
• Tipton Park – 10849 81 Ave

Access & Parking

Parking in Queen Alexandra shouldn’t be too much trouble except near Whyte Ave in the day time. A lot of people work in the area and they may drive to work. Of course if you only need to park there in the evening you might have an ok time of it.

Access to and out of Queen Alex is great at 40 access points total (that being one for every 66 homes). Getting into and out of the area should be easy.

Transit

There are 26 bus stops in Queen Alex, so that gives a transit score of 2695/25 which is 108 homes per bus stop. Not bad at all.

* Source: 2006 Census of Canada, Statistics Canada


 

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

[60012]

 

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

Leave a Reply

Time limit is exhausted. Please reload CAPTCHA.