Westmount, Edmonton | Neighbourhood Profile

By February 22, 2012 NEIGHBOURHOOD
Westmount, Edmonton Neighbourhood Profile Picture

See real estate listings in Westmount.

Westmount At A Glance

Homes In Westmount

• Average Asking Price (2011): $364,000

• Asking Price Range (2011): $88,000 to $1,000,000

• Average Home Size (Approx): 1132  ft²

• Size Range: 350 ft² to 5100+ ft²

Real Estate Market

• Hot Market Index (2011): 48.9 °G

• Absorption (2011): 48.0

• Buyer Willingness (2011): 95.6

• Desirability (2011): 93/100 (Very Desirable)

• Dilapidation Score (2006)*: 12.7 (Good)

Amenities

• Accessibility Score: 77.8 (Excellent)

 Parking: Very good

• Transit: 28 bus stops

• Parks: 9, with direct access to the river valley

Westmount in Edmonton real estate zone 7 along with North Glenora, Woodcroft and Inglewood:

MLS® Listings in Edmonton Real Estate Zone 8

Zone 7, shown in Edmonton North West

Location and Description

Westmount is an older neighbourhood located northwest of downtown Edmonton. Westmount is located east of Groat Road and west of the old CN rail line that used to run north from downtown. The northern portion of the neighbourhood stops ar 111 avenue and it goes all the way south to the river valley with a little bite taken out using 104 street and 124 street as boundaries.

Houses located in south Westmount are sitting in very valuable land because of their proximity to downtown and the river valley. Westmount is also home to the High Street shopping area and well estabilished shopping along 124th street, which stretches the entire length of the neighbourhood. In the past few years, 124 street has become a draw for niche shops and services within reasonable walking distance of homes in Westmount and Oliver.

Mature trees, and large boulevards make Westmount a spacious looking and attractive neightbourhood in all seasons.

A bar graph showing when homes were built in Westmount, Edmonton

A bar graph showing when homes were built in Westmount, Edmonton*

As you can see from the graph above, the majority of Westmount homes were built either before World War II and after the war. Not much was built during the boom of the 1970s and it is not until the 2001-2006 period that construction started to spike again. This is likely because real estate values have increased so dramatically in the last decade that new homes were then being built. A lot of the appeal of Westmount comes from the many older homes in the area, so infill homes are still rare. Many of these older houses are built as fairly narrow, two-storey homes and have the attractive design and proportion of Craftsman or Four Square styles which was popular during that time.

 

A pie chart showing home types in Westmount, Edmonton

A pie chart showing home types in the Westmount neighbourhood*

When it comes to home types in Westmount, the single-family home is still very prevalent as is the low-rise apartment. Because some of the neighbourhood is designated as Westmount Architectural Heritage Area, the area is somewhat protected from development. According to the 2006 Canadian Census, when it comes to houses, 38.4% of all units fall into the category of single family homes. Walk-up apartment units account for 51.6% of all homes, highrise apartments account for 4.1%,  semi-detached homes (duplexes, triplexes and the like) are 5.6% and row houses for a mere 0.3% of all homes in Westmount.

Condos in Westmount

There are not many condominium buildings in Westmount. Many of the apartment buildings in Westmount are wholly owned by investors. Not all apartment buildings or row houses have been condominiumized in the area either but more condominiums are bound to show up in the future in such a central location as Edmonton’s real estate prices should continue to rise in the coming years.

Andorra, The – 12205 111 Av
Brisdon Manor – 10624 123 St
Chapelle – 12509 104 Av
Darlene Manor – 11045 132 St (Adult Only)
Glenora Gates – 10407 122 St
Glenora Mansion – 12110 106 Av
Greenville Manor – 10620 122 St
Hadrian House – 10606 123 St
Lara House – 1070130 St
Marcova Manor – 10920 124 St
Montego Manor – 10980 124 St
Park Place Oliver – 10535 122 St
Park Street Place – 11033 127 St
Properties on High Street – 10108 125 St
Richmond Arms – 10616 123 St
St. Lawrence Court – 10933 124 St & 10951 124 St (Adult Only)
Sundial Manor – 10434 125 St
Westmount Manor – 11008 124 St

A pie chart showing how many homes are rented versus how many owned in Westmount, Edmonton

A pie chart showing how many homes are rented versus how many are owned in Westmount*

The majority of homes in Westmount are owner occupied (55.4%), but not by much. Most of the non-condominiumized apartments in the neighbourhood will be rental units, which is what likely brings the renter percentage up to 44.6%. Because the neighbourhood is so expensive (average listing prices of $364,000), it would be difficult for many of the houses to be rented out and allow real estate investors any cash flow.

Schools

Elementary:

Westglen (Edmonton Public Schools) (Kindergarten through Grade 6) | 10950 127 St – 780 454 3449

High Schools:

~ None in this neighbourhood (closest is Ross Sheppard High School, located next door in Woodcroft)

Parks & Recreation

Westmount has 9 parks within it’s boundaries and direct access to bike trails and hiking trails in the Edmonton river valley.

Access

Westmount has 39 points of access from major roads. There are approximately 3035 housing units in Westmount, so there is one access point for every 77.8 homes. Therefore the Access Score is 77.8 (lower is better).

Transit

There are 28 bus stops located inside Westmount itself – one for every 3035 homes in the area giving a Transit Score of 108.3 (lower is better).

Safety

EMS/Fire Hall – None in this neighbourhood

Police – None in this neighbourhood

Hospitals – None in this neighbourhood

 

* 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.

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