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Why You Should Invest In These 3 Neighborhoods in Edmonton

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Why You Should Invest In These 3 Neighborhoods in Edmonton

Investing in real estate is often one of the most important decisions you’ll make in life. And if you’re looking for real estate tips for buyers, then we have just the thing for you. This will be particularly helpful for Edmonton home buyers, as we’ll be giving you a list of the most affordable neighbourhoods in Alberta’s capital city. 

If this is something that you’re interested in, read on as we give you a list of three neighbourhoods in Edmonton that you should consider investing in!

1. Prince Charles

This neighbourhood was named after Charles, Prince of Wales. Prince Charles was established back in 1905 and was annexed in 1910. The neighbourhood was completely transformed after the end of the Second World War. One of the most significant developments in the area was the construction of an electric streetcar line in 1913. 

Most of the properties in the neighbourhood were constructed between the 1940s and the 1960s. When it comes to the types of property in the area, single-family homes essentially dominate the market as the most common type of residences.

Prince Charles is a great place to live due to its proximity to Kingsway Avenue. On top of that, residents have access to Kingsway Mall, which is home to a slew of different amenities. Being near the downtown area is also quite advantageous, as your travel times can be reduced!

2. Rideau Park

Rideau Park is located in Southwest Edmonton, near Whitemud Drive and the Calgary Trail.

This neighbourhood is one of the newest ones in Edmonton. It was established back in the 1970s, but many of the homes were already built in the 1960s. Many of the properties in the area are part of multi-housing units such as apartments and condominiums, and they are mostly five floors or less. However, Rideau Park also features single-family homes and duplexes. One interesting thing about the area is that a majority of the residents don’t own their homes as they’ve opted to rent the properties instead.

For those of you who need any more reasons to invest in Rideau Park, you’ll be glad to know that it’s quite close to the West Edmonton Mall via Whitemud Drive. Southgate Centre, which is another major shopping centre, is also quite close to the neighbourhood.

3. Wellington

Wellington is a neighbourhood located in Northwest Edmonton, and this neighbourhood was named after the first Duke of Wellington, Arthur Wellesley. This land was annexed to Edmonton in 1913.

Most of this neighbourhood was built between 1946 and 1960, but the development of the area was only finalized in 1970. Single-family homes make up most of the property that’s found in Wellington, but there are also many row houses in the area.

One great thing about this neighbourhood is the abundance of parks. This can be quite appealing for residents who want to live somewhere with lush greenery and foliage. In fact, the Wellington Park Community League maintains all the public amenities such as the community hall and the outdoor ice rink.

Conclusion

It’s best to be thorough about investing in real estate. Hopefully, this list of three affordable neighbourhoods we’ve shared above gives you a good place to start and will help you make more informed decisions about your future investments!

Make smart investments by equipping yourself with practical real estate tips and tricks from Everything Real Estate. Check out the rest of the website for all the information you’ll ever need about investing in real estate in Edmonton, AB!

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