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Can you still buy a detached house in Edmonton for around $300,000—minutes from downtown, near the LRT and within walking distance of Commonwealth Stadium?
In this episode of Real Estate in Edmonton, REALTOR® Devin Gray and broadcaster Tracie Gray explore the affordable central Edmonton neighbourhoods surrounding Commonwealth Stadium, including Parkdale, Eastwood and McCauley.
Devin recently helped a first-time buyer purchase a detached house approximately three blocks from Commonwealth Stadium for under $300,000. That is considerably less than Edmonton’s average detached-home price—but affordability in these established neighbourhoods can come with older construction, renovation requirements and a few location-related compromises.
We look at what buyers, homeowners and real estate investors should know before purchasing near Commonwealth Stadium:
🏠 What approximately $200,000, $300,000 and $400,000 can buy
🔑 Detached homes for first-time buyers on a budget
🔨 Fixer-uppers, renovated houses and potential flipping opportunities
🏗️ Infill, duplex, legal-suite and multiplex possibilities
🏢 Older condo conversions versus new condo developments
🚆 Stadium LRT Station and convenient access to downtown Edmonton
🌳 Edmonton’s river valley, Borden Park and nearby amenities
🏟️ Event traffic, parking restrictions, crowds and stadium noise
💧 Renovation and water-management concerns in older Edmonton homes
📈 How Commonwealth Stadium and nearby event venues may affect property values
Tracie also shares what she enjoyed about living in the area. Her work was downtown, her commute was only minutes and she liked being near the river valley, the LRT, football games and major concerts. For buyers who enjoy being close to the action, proximity to Commonwealth Stadium may be an advantage rather than a drawback.
The area has changed dramatically over the past 20 years. Former surface parking lots have been transformed into condos, retail developments and transit-oriented housing. Today, you can find houses from the 1920s through the 1950s, older apartment buildings and multiplexes, renovated properties and brand-new multi-unit developments—sometimes within the same block.
We also discuss what buyers should expect from an older house. Depending on the property, that may include smaller bedrooms, fewer bathrooms, low basement ceilings, limited storage, older building systems and the need for improved grading, eavestroughs and downspout drainage.
Affordable Edmonton real estate does not necessarily mean purchasing a condo or moving to the edge of the city. If you’re flexible about the age, condition and immediate neighbourhood, detached homes around $300,000 can still be found close to downtown Edmonton.
Plus, we look at what’s happening at Commonwealth Stadium, including AC/DC’s Edmonton concert, the Edmonton Elks, Guns N’ Roses with the Black Crowes, and Foo Fighters with Queens of the Stone Age.
CHAPTERS:
00:00 Can you buy an Edmonton house for $300K?
01:12 Living near Commonwealth Stadium
02:13 Edmonton home prices around the stadium
04:03 How the neighbourhood has changed
05:16 LRT access and transit-oriented development
06:50 River-valley views and central Edmonton living
07:23 First-time buyers, flippers and investors
09:24 Older condos versus new developments
10:56 Drawbacks of living near Commonwealth Stadium
13:05 Why Devin’s client purchased in the area
13:51 Tracie’s experience living near the stadium
16:02 Is this area right for you?
16:34 AC/DC at Commonwealth Stadium
19:32 Edmonton Elks football
20:11 Upcoming Commonwealth Stadium concerts
22:06 Final pros, compromises and considerations
Would you live near Commonwealth Stadium to purchase a more affordable detached home? Tell us in the comments.
Subscribe to Real Estate in Edmonton—where we talk real estate and real life.
Thinking about buying, selling or investing in Edmonton real estate? Email [email protected] to connect with Devin.
Devin Gray
REALTOR® | eXp Realty | Mogul Realty Group
Edmonton, Alberta
#EdmontonRealEstate #LivingInEdmonton #EdmontonHomes #CommonwealthStadium #FirstTimeHomeBuyer
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🎙️ ABOUT THE HOSTS
🏡Devin Gray is a professional REALTOR® with eXp Realty and Mogul Realty Group in Edmonton, Alberta. Born and raised in Edmonton, Devin specializes in helping families, homeowners, and real estate investors make smart real estate decisions. He is also a real estate investor, speaker, and host of the monthly Mogul Mastermind investor networking event.
💃Tracie Gray is an award-winning broadcaster, emcee, actress, producer, and on-air personality. With decades of experience in radio, television, live events, and media production, Tracie brings her unique perspective, storytelling ability, and passion for Edmonton to every episode.
Together, Devin and Tracie host Real Estate in Edmonton — where we talk real estate and real life. Each week, they explore Edmonton's housing market, local businesses, community events, investment opportunities, and the stories that make Edmonton one of Canada's most exciting places to live, work, and invest.
📍 Thinking of buying, selling, investing, or relocating to Edmonton?
Connect with Devin Gray:
[email protected]
🎧 Subscribe for weekly episodes covering:
• Edmonton real estate market updates
• Investment strategies and opportunities
• Local business spotlights
• Community events and developments
• Lifestyle and neighbourhood insights
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