As you've probably noticed in previous blog posts we've mentioned how much value Edmonton offers property investors. This is due in no small part to the booming economy of the province, the industrial and commercial diversification of the city and of course our highly educated workforce. So for a change of pace in terms of talking about all the logical things that Edmonton can offer you we wanted to take a few "fantasy" moments here and look at the most expensive properties in the city, without getting into specific details though.
This particular property is located on Whitemud Road and is based on 7 acres of land with river access and is a little over 30-years old. With a price tag this size you'd expect to get a lot in terms of property and you do. There are 11 bedrooms in total and 3 full-sized separate bathrooms, and these rooms occupy most of the 7,500 square feet of this property. This is an enviable property with everything you could want behind its secure gates but you'll need deep pockets to acquire it.
This custom-built beauty located on Riverside Crescent has an expansive 4,400 square feet of living space and is finished with all the high-end features you would expect from a home of this stature. From marble and granite to designer furnishings, this home is truly a one-of-a-kind, luxury find. The house includes 5 bedrooms, 6 bathrooms, a fully-outfitted gourmet kitchen, three-car garage with heated floors and carwash, finished basement complete with bar and playroom, and an outdoor patio with a private playground, fireplace, and immaculately manicured landscape. The home features some unique architecture, too, so the owners of this home will feel far from the cookie-cutter homes of some areas, or the dreaded McMansions of others.
As you can see there's a pretty big drop in pricing from the top end of the Edmonton property market to the more "reasonable" luxury properties in the $3.6 million dollar price range instead. Properties in this price bracket will feature 3 - 5 bedrooms and this particular property in Wolfwillow Ridge has 3-bedrooms and 5-bathrooms and comes in at just 3,000 square feet. This is one of those situations where you still have a lot of living space but you're paying quite a lot for the privilege too.
Located on Windermere Drive this property has 4-bedrooma and 5-bathrooms and measures almost 3,700 square feet in size. So when you compare it to the home at Wolfwillow above you'll see that location, location, location is important but an extra 800 square feet of home is good too.
To put the above in perspective though that's still a tiny fraction of what you'd pay for a similar property anywhere in Vancouver, so Edmonton still offers great value for money even when it comes to luxury homes.