Hot Market Index 39.6 °G (2011) | Desirability: 95/100 (2011)
Rossdale At A Glance
Homes in Rossdale
• Average Asking Price (2011): $432,353
• Asking Price Range (2011): 244,900$ to 829,900$
• Average Home Size (Approx): 1497 ft²
• Size Range (Approx): 447 ft² to 2478 ft²
Rossdale Real Estate Market
• Hot Market Index (2011): 39.6°G
• Absorption (2011): 31.8
• Buyer Willingness (2011): 83.7%
• Desirability Score (2011): 95.3/100 (Extremely Desirable)
• Dilapidation Score (2006)*: 6.4 (Spectacular)
• Accessibility Score: 43 homes per point of access.
• Parking: Very Good
• Transit: 7 bus stops
• Parks: 11 with access to the river valley and biking trails at multiple points.
Location & Description
Rossdale is likely the oldest neighbourhood in Edmonton. Real estate that was so close to the river made Rossdale the centre of industry in the early days of Edmonton as a trading post and gateway to the Klondike. In 1915, there was quite the flood, which wiped out a lot of the buildings and industry in the neighbourhood and many companies didn’t return. To this day, Rossdale is pretty much the lowest point of any of the Edmonton neighbourhoods. Although the North Saskatchewan River doesn’t swell much, flooding and a high water table in general are still a concern in Rossdale.
Rossdale has mature treelined boulevards and is excellent for walking, although it is hemmed in by the river and downtown, it is easy to walk out of the neighbourhood and travel south over the bridge to the Whyte ave area, or travel along the river valley on bike paths. The east single family region of Rossdale is extremely small – only about 4 streets wide – which makes for a proper community feel. Also, it should be noted that cycling is a very real possibility for commuting downtown if you don’t mind climbing some pretty big hills. Besides trails, there is a lot of parkland in Rossdale – a ridiculous 11 parks in total. This is probably why no one really likes to move out of the area – it has an extremely high desirability score (see above).
Three bridges connect Rossdale to the south side of the river, making for pretty decent access any time. Traffic is of course quite heavy during peak hours, however, but most of the homes are set in the far corner of the neighbourhood, so noise isn’t much of a problem. Parking also isn’t a problem – except maybe when there’s a game on at Telus Field.
Rossdale is located in Edmonton real estate zone 12 along with Downtown and Oliver.
Because of the flood of 1915, Rossdale’s growth periods aren’t like the rest of Edmonton’s. Real estate prices weren’t actually that high in Rossdale, but it remained underappreciated during the boom of the 1970s. Character homes in the neighbourhood are therefore still standing making the area quite eclectic in architectural style. There was quite the growth-spurt in 1995 with the construction of Parliament Plaza and again with Rossdale Court in 2001. When you have so few houses in a neighbourhood and add two large condo projects, it really affects the statistics. I would think that Rossdale is prime for more development of this kind in the future.
Interestingly, Rossdale has quite the mix when it comes the housing types. Pretty much everything exists in the neighbourhood in fairly equal amounts – not a very common scenario when it comes to Edmonton real estate. Usually a certain home type will prevail, but not so here.
Rossdale is a very desirable neighbourhood for ownership. It’s small size and location make it quite exclusive, and therefore most houses are owner-occupied. Also, there are no apartment buildings in Rossdale that are investor owned, which is usually what makes for a high tenant population. Rossdale House, located at 9825 103 St, isn’t even in Rossdale, it’s in the Downtown neighbourhood.
Condos in Rossdale
There are only two condominium buildings in Rossdale – a testament to the age of the neighbourhood, the times when it was undergoing construction and it’s very small geographical size. They are:
Parliament Plaza – 9640 105 St
Rossdale Court – 9804 101 St
~ None in this neighbourhood (closest are Grandin School and Oliver School, located in Oliver and Riverdale School in Riverdale)
~ None in this neighbourhood
~ None in this neighbourhood
Parks & Recreation
Rossdale has 11 parks within it’s boundaries and direct access to bike trails and hiking trails in the Edmonton river valley.
Access & Parking
Rossdale has 11 points of access. There are only about 470 housing units in Rossdale, though, so there is one access point for every 43 homes. Therefore the Access Score is 43 – a pretty amazing score (lower is better). This is mostly because the area is on the way to downtown and just where many river crossings are. Because there are so many roads allowing traffic to get to the downtown core, Rossdale and its residents benefit from all the major arteties running past it.
Parking in Rossdale is very good because most lots have plenty of frontage allowing front street parking. Rear parking access is available to most of the houses in Rossdale through alleyways, which allow more cars to be kept off the front street. For the most part, parking is permitted on both sides of the street. The only issue with resident parking could be when there is a baseball game on at Telus Field.
There are 7 bus stops located inside the Rossdale neighbourhood – one for every 470 homes in the area giving a excellent Transit Score of 67.1 (lower is better). There is no direct LRT access for Rossdale, but it is a fairly short walk to Central Station.
* Source: 2006 Census of Canada, Statistics Canada
by +Alan F Macdonald REALTOR® | Copyright © – gimme-shelter.com