• Population (2012): 4194
• Density: 3355 people/km² (not very dense)
Homes in Ritchie
• Average Asking Price (2012): $377,000
• Asking Price Range (2012): $164,900 to $769,800
• Average Home Size (Approx): 1120 ft²
• Size Range (Approx): 580 ft² to 1550 ft²
Calling all nature and outdoor enthusiasts ... This sweet unit in Ravine Terrace is literally steps away from Mill Creek Ravine! One block away from the bustling Richie Market with its hip vibe and trendy restaurants. This one bedroom / one bath unit features in-suite laundry and east facing balcony and would be a great investment property or a stepping stone for first-time homebuyer. Additional features include surface parking and extra storage space in the basement for all your outdoor gear. You can't beat the location of this quiet complex located on a no through traffic street.More details
Courtesy of Kate M Ploner of
RE/MAX Rental Advisors
Status:
Active
MLS® Num:
E4351397
Bedrooms:
1
Bathrooms:
1
Floor Area:
889 sq. ft.83 m2
INVESTMENT ALERT! FULLY RENOVATED! Steps away from Whyte Avenue. 1 bedroom GROUND FLOOR unit. Upgraded Kitchen w/ Stainless Steel Appliances and lots of Cabinets, Upgraded 4 PIECE bathroom. Open and bright living room with a Corner Fireplace. Primary bedroom is spacious with a HUGE walk-in closet. Private covered patio area. In-suite laundry, covered parking stall with power. Newer Vinyl Plank Flooring - NO CARPET! Ample visitor parking and street parking. Close to walking trails, restaurants, night life and specialty shops! Everything Whyte Ave has to offer! 18 only, Adult Only Building.More details
Welcome to the vibrant community of Ritchie! This 2-bedroom, 2-bathroom unit offers nearly 1000 square feet of stylish living space. Step inside and be greeted by the open concept layout, perfectly designed to maximize both functionality and comfort. The spacious living area seamlessly flows into the dining space, creating an ideal environment for entertaining guests. One of the highlights of this condo is the abundance of natural light that floods in through the huge windows, creating a bright and inviting atmosphere. Well-appointed kitchen features sleek countertops and ample storage space making meal preparation a breeze. The master bedroom is a true retreat, boasting a generous size and a private ensuite bathroom. The second bedroom is equally spacious and offers flexibility for a guest room or home office. Convenience is key, and this condo has you covered with covered parking. The location of this condo is simply unbeatable, especially for University of Alberta students.More details
Beautiful ground floor condo with a perfect location near Whyte Ave and the university! This inviting unit features 1 bedroom plus a den, ideal for a home office or extra space. The kitchen boasts granite countertops, a peninsula-style layout, and a convenient pantry area. Stay comfortable year-round with air conditioning and enjoy the luxury of underground heated parking complete with storage space. This condo offers a range of amenities, including a workout room, a guest suite for visitors, and a bike storage area. The 9 ft ceilings add a spacious feel to the interior, and the walk-through closet leads to a well-appointed 4-piece bathroom. Step outside through the patio doors and relax on your private outdoor patio. With easy access to public transit, coffee shops, restaurants, the Strathcona Farmers Market, and more, this location has it all. Don't miss out on this amazing condo with its attractive features and unbeatable convenience. It's the perfect place to call home!More details
Courtesy of Ralph D Henze of
NOW Real Estate Group
Status:
Active
MLS® Num:
E4360259
Bedrooms:
2
Bathrooms:
2
Floor Area:
1,005 sq. ft.93 m2
Well designed, open plan 2 bedroom condo at King Edward Place. This awesome home is located on the sunny, southeast corner of the 3rd floor. It features a huge primary bedroom with a 4 piece ensuite and a large walk-in closet and a second bedroom with the main bathroom just across the hall. The living/dining area features a cozy natural gas fireplace, a good sized kitchen with an island eating bar, and in suite laundry. The patio doors lead to the sunny south facing balcony. There is an additional storage locker, as well as a covered parking stall and bike storage on the ground level. Conveniently located in Ritchie just south of Whyte Avenue, east of 99 St with easy access to the U of A, Old Strathcona and downtown. Close to transit, shopping, restaurants, the Farmer's Market and Millcreek Ravine.More details
Ritchie & the Average Edmonton Hot Market Index (2012)
Amenities
• Accessibility Score: 16 homes per point of access (Decent).
• Parking: Very good
• Transit: 29 bus stops.
• Parks: 1 park within neighbourhood boundaries and direct access to Mill Creek Ravine.
Location & Description
Ritchie is a south side community in Edmonton that is in the Bonnie Doon/University Area. Ritchie is a large neighbourhood with a fairly high population. It is gaining popularity because of its location and affordability. Real estate in Ritchie is mostly houses and apartments built in a range of eras from pre-war and post-war time frames. However, there is a lot of infill properties now in Ritchie. People have been replacing older, smaller homes since the beginning of the neighbourhood. The rental rate in Ritchie is close to 50% because the houses are less expensive to buy and therefore the rent is often affordable. There are a few schools in Ritchie: Escuela Mill Creek (a Spanish immersion school) and École Joseph-Moreau (a French immersion Catholic school). Ritchie seems like a popular choice for first time buyers, real estate investors and people looking to upgrade to a large infill. The neighbourhood is an eclectic mix of old and new in a great part of Edmonton. For more, see my Ritchie Neighbourhood Profile. Ritchie is bounded by Whyte Avenue to the north, 72 Avenue to the south, the CP Irvine Railyard to the west and Mill Creek Ravine to the east.
Prices in Ritchie are still quite reasonable at $377,000 (asking) considering the average size of homes in the area and it’s very central location. Condominiums can be had for as little as $165,000 and luxury homes on the ravine can sell for 3/4 of a million dollars. Although many of the older homes will be quite small, the average size of the homes is over 1100 ft², which is really reasonable.
A bar graph showing when homes were constructed in Ritchie*
The majority of homes in Ritchie were built during the Post-war period – about 34%. Next most common are homes of the pre-war period at 17%. These homes will not likely survive much longer unless their owners have taken very good care of them as they are often smaller homes and often have brick foundations. 12% of the homes in Ritchie were built in the 60s and 10% in the 70s. There was a resurgence of construction in the late 1990s likely consisting of apartment construction.
A pie chart showing home types in the Ritchie neighbourhood*
Ritchie is actually a very diverse neighbourhood with residential, commercial and light industrial zoning. When it comes to residential types, most of Ritchie is houses, but there are a large number of low-rise apartments, too.
A pie chart showing how many homes are rented versus how many owned in Ritchie*
Ritchie, like Hazeldean to the south has a an almost 50/50 mix of renters and owners. Being on or near Whyte Avenue pretty much guarantees quite a few renters when it comes to Edmonton neighbourhoods, and Ritchie is not that far from the University, so there are quite a number of students in the area, as you would expect.
73 Ave Townhouses – 9551 73 Av
Creek Side – 7839 96 St
King Edward Place – 9926 80 Av (Adult Only)
Ravine Terrace – 9505 77 Av
Scona Station – 10116 80 Av
South Garden – 9725 82 Av
Strathcona Haven – 9905 81 Av
Ritchie has only 1 city park (named Ritchie Park – what else?), but most importantly it has direct access to Mill Creek Ravine with its network of trails:
Access & Parking
Access to Ritchie, is pretty good, although you can only get out to the north and south because of the ravine and the railyard. There are 16 entry/exit points for the neighbourhood, one for every 160 homes – not an uncommon access score for a University area neighbourhood.
Parking is decent in Ritchie except in areas where there is commercial and high-density residential development – it could get a little cramped in those areas. Besides that, there should be decent street parking with lots of alleyways and garages to keep some cars off the front streets.
Transit
There are 29 bus stops in Ritchie. That is a lot of bus stops – one for every 88 houses.
* Source: 2006 Census of Canada, Statistics Canada