Market Value: Terwillegar Towne offers ample room for growing family

Article content

Edmonton’s resales reflect buyers adjusting to the new normal of higher borrowing costs. Here’s a look at three sales that illustrate shifting demand in the past few months.

Article content

Realtors — send your recent sales to [email protected]

Article content

Neighborhood: Terwillegar Towne

Type: two-storey, single-family detached home

Sizes: 1,800 square feet

Listed for: $474,900

Sold for: $462,500

Month sold: march

Days on market: 20 days

listing agents: Ron Dickson, Dickson Amyotte Group with Sotheby’s International Realty Canada

Buyers agents: Kevin Doyle, Re/Max Elite

Featuring four bedrooms and three full bathrooms, including a spacious ensuite in the main bedroom, this home in the city’s southwest, built in 2005, reflects the continuing demand for homes that can accommodate growing families. Its furnished basement provides plenty of additional space beyond its 1,800-square-foot layout on the main and top floors. It also includes central air for comfort during the summer, and its landscaped front and backyard along with a rear-facing deck are ideal for entertaining company and playdates for the kids. Located close to plenty of amenities, the home is surrounded by several walking paths, playgrounds and nearby schools from kindergarten to Grade 12.

Lakeside dream home

Location: Lac Ste. Anne

Type: Single-family detached home

Sizes: 1,200 square feet on 0.43-acre lots

Article content

Article content

Listed for: $499,900

Sold for: $525,000

Month sold: january

Days on market: 56

listing agents: Drew Carlson, Carlson Real Estate Group, Exp Realty

Buyer agents: Stefanie Carlson, Carlson Real Estate Group, Exp Realty

Sold for $125,000 over asking price, this turnkey four-season cottage located on the shores of Lac Ste. Anne about a 45 minute’s hour’s drive west of the city is emblematic of continuing demand for lakefront property that surged during the pandemic, says Drew Carlson, realtor with Carlson Real Estate Group, Exp Realty. Recently renovated, the 1,200-square-foot home features two bedrooms in addition to a loft with an overall open concept space and wood-burning fireplace. A large, double-door, separate garage offers lots of storage for watersport and all-terrain vehicles. The home’s second-floor balcony has spectacular views of the lake. As well, additional porch space provides shaded outdoor space for relaxing outdoors.

A bargain renovated condo with a view

Type: apartment condominium

Sizes: 959 square feet

Listed for: $189,900

Sold for: $182,000

Month sold: December

Days on market: 219

listing agents: Steve Leddy, Re/Max Elite

Buyer agents: Wally Fakhreddine, Top Edmonton Real Estate, Maxwell Devonshire Realty

Article content

The sale price of this two-bedroom condominium with one full bathroom offers value for the dollar, reflecting the overall affordability of this segment in Edmonton’s resale market. A corner apartment, it has commanding views of the city and river valley. Located in Oliver, it is within walking distance to many amenities, including restaurants, grocery stores, cafes and nightclubs. Although the high-rise was built in 1977, the apartment was newly renovated with an abundance of natural light, light oak laminate, quartz countertops in the kitchen, and stainless-steel appliances and ceiling hood fan. The windows also include electric coverings offering privacy while keeping the suite cool on sunny days. As well, the balcony and master bedroom provides a view of the Victoria Golf Course in the valley while the second bedroom looks over 124th Street. The bathroom features tile flooring, a tiled tub and rain shower. As well, the 51-unit high-rise includes underground heated parking, a common laundry area, exercise room, sauna, steam-room and swirl-pool.