Because the identify suggests, Parkview, Edmonton affords limitless entry to public inexperienced areas and the river

The Parkview neighborhood of Edmonton, Alberta’s second largest city, offers a majestic, natural vantage point overlooking the North Saskatchewan River and its wooded slopes.

Built in the 1950s, Parkview is one of Edmonton’s most desirable residential areas and an affluent, family-run enclave in a leafy setting 4 miles from downtown Edmonton. Park streets, which gave the district its name, contribute to its attractiveness.

Parkview recently saw the arrival of new luxury homes on existing lots at record prices. A recently sold bungalow built in 2020 was the best-selling home of its type in the past two years, according to Clare Packer of the Clare Parker Realty Group. The 2,500-square-foot, five-bedroom home on 147 Street was purchased for $ 1.738 million.

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Limits

Parkview is in West Edmonton on the north side of the river that meanders through the center of town. Its western edge is formed by 149 Street Northwest, while its eastern side runs along Valleyview Crescent Northwest, which faces the park. Its northern limit is formed by 95 Avenue Northwest, while its southern edge is bounded by Buena Vista Road.

Price range

Parkview is informally divided into two areas by 142 Street: Parkview to the west and Valleyview to the east. Valleyview is closer to the park and is where most of its luxury million dollar homes are, according to real estate agent Sally Munro.

Parkview’s homes range from $ 1 million to $ 20 million, Ms. Munro said. However, according to Ms. Packer, there are entry-level homes priced between $ 450,000 and $ 500,000. In the past few months, the most expensive homes have sold for between $ 2 million and $ 3 million, Ms. Munro said.

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Housing stock

Parkview includes single-family homes built in a variety of architectural styles. The majority of the homes are not new and were mostly built in the 1950s, including older ranch-style homes that are according to the Liv Real Estate website.

The area has a balance of modernized bungalows, new, contemporary fillings with features like matte black kitchens and open floor plans, and luxurious traditional homes, Ms. Packer explained. Luxury homes, she said, have en-suite spa-style bathrooms, walk-in closets five times the size of a standard closet in a traditional 1950s home, underfloor heating, and underground garages in some high-end luxury homes hydraulic elevators for storage of summer cars.

Parkview’s new development consists mainly of demolition and rebuilding projects. In many cases, plots of land are divided into smaller pieces, Ms. Packer said. “The minimum size is 50 feet by 150 feet, which is roughly the average size of a property in Parkview.” The conversion of individual plots into multi-family houses was promoted by the local authorities in order to increase the housing stock and at the same time prevent urban sprawl.

Ms. Packer, who has worked with a number of different architects and builders in Parkview, said most developers and builders typically build two story homes. “The[erwähnteBungalowinder147StreetistinsoferneinzigartigalsereinesdergrößtenneuenHäuserimBungalowstilderletztenJahreist”sagtesie”BungalowssindfürNeubautennichtbeliebtdaderQuadratmeterpreissehrhochistEsgibteinenunerschlossenenMarktfürneueLuxusbungalowsundderBauträgerfülltdieseNische”[aforementioned147Streetbungalowisuniqueinthatitisoneofthelargestnewbungalow-stylehomesinrecentyearsshesaid”BungalowsarenotpopularfornewconstructionbecausethepricepersquarefootisveryhighThereisanuntappedmarketfornewluxurybungalowsandthedeveloperisfillingthatniche”[erwähnteBungalowinder147StreetistinsoferneinzigartigalsereinesdergrößtenneuenHäuserimBungalowstilderletztenJahreist“sagtesie„BungalowssindfürNeubautennichtbeliebtdaderQuadratmeterpreissehrhochistEsgibteinenunerschlossenenMarktfürneueLuxusbungalowsundderBauträgerfülltdieseNische“[aforementioned147Streetbungalowisuniqueinthatitisoneofthelargestnewbungalow-stylehomesinrecentyearsshesaid“BungalowsarenotpopularfornewconstructionbecausethepricepersquarefootisveryhighThereisanuntappedmarketfornewluxurybungalowsandthedeveloperisfillingthatniche”

Ms. Munro said the expensive luxury homes have been built in the past 10 years, many on roads bordering the river valley park, which is considered to be its “best roads.” These are Valleyview Drive, Valleyview Point, a small street that borders Valleyview Drive, and Riverside Crescent Drive, all of which have expansive views of the park, river, and city skyline.

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What makes it unique

Ms. Packer sums up Parkview’s appeal as a combination of an established neighborhood with a great sense of community and easy access to river valley paths and high-performing schools.

It is a very green neighborhood that borders the river valley and is just a few minutes’ drive from the CBD in downtown Edmonton in the heart of the city. The streets facing the park offer views of the city skyline.

Luxurious amenities

Parkview has direct access to miles of nature trails and green spaces in the North Saskatchewan River Valley park system, which is Canada’s largest urban parkland.

To the north of Parkview is Mackenzie Ravine Park and Gardens, with steep stairs, Edmonton skyline views, and wooded walkways. The Bueno Vista / Hawrelak Park Footbridge takes hikers from Parkview across the North Saskatchewan River to the 148-acre Hawrelak Park, which features open lawns with designated picnic areas and a lake with an ice rink. Adjacent to Hawrelak Park is the Royal Mayfair Golf Club – a private 18-hole golf course for members only.

Notable local schools include Parkview School, an elementary and middle school with a reputation for academic excellence, and St. Rose Junior High School, a Catholic middle or middle school, both of which are taught together. Private schools are limited in Edmonton, Ms. Munro said.

Parkview has local shops such as IGA Andy’s Valleyview Supermarket. Among the few restaurants is an outlet for Rebel Food and Drink – a casual modern brand serving American and Italian dishes like lasagna and pizza.

Westmount, about three miles from Parkview, has the Duchess Bake Shop – a café and shop with a Parisian Bruxellois look that serves goodies like colorful macaroons. It also has a gourmet burger joint, Woodshed Burgers, and an independent flower shop, Flowers By Merle. The West Edmonton Mall, three miles west of Parkview, is home to Louis Vuitton, Tiffany & Co., and Canada Goose stores, and downtown is home to the weekly farmers market.

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Who lives there

Parkview residents include a number of professional business people from a variety of industries, according to Ms. Munro, given its proximity to the central business district by car.

Parkview is a safe, family-oriented community with a balance between mature families with older, adult children and those just starting out, Ms. Packer added. “It’s a wealthy community that likes to be near downtown to work.”

Notable residents

Edmonton Oilers ice hockey star Connor McDavid is a Parkview resident, according to Ms. Munro. Other Oilers players also live there, the agents said.

Canadian billionaire, businessman, and philanthropist Daryl Katz has owned a home here for about a decade, Ms. Munro said.

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outlook

Ms. Munro says it takes an average of 60 days to sell Parkview homes. Inventory levels have remained roughly the same as last year (the area currently has 22 entries).

In Edmonton as a whole, real estate sales took a little longer in February 2021 compared to the same month last year. The average number of days in the market for homes priced between $ 1 million and $ 2.5 million has risen from 38 to 40, according to data from real estate exchange zolo.ca.

Ms. Munro said the market sentiment in Parkview is positive as mortgage rates are low and the backlog created by the pandemic is fueling the property market. “A lot of people are looking for a lifestyle change after the lockdown measures,” she said.

According to Ms. Packer, average prices in Parkview have increased by about 1.5% over the past year. It predicts a similar steady rise in Parkview prices for the coming year.

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