Strathcona Homes For Sale
The neighbourhood of Strathcona takes its name from the town of Strathcona which existed here and in surrounding neighbourhoods before it was amalgamated with Edmonton in 1912. Strathcona is a large neighbourhood which is centrally located and densely populated, bounded by Whyte Avenue to the south and the North Saskatchewan River Valley in the north. To the east, Mill Creek Ravine forms the boundary, and in the west, 107th Street marks the neighbourhood’s edge.
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Properties For Sale in Strathcona
Many of the homes for sale in Strathcona were constructed during the 1970s. Many of these dwellings are walk-up apartments, largely due to the nearby University. Still, buyers looking for a single family home for sale will be happy to hear there are a good number of both pre- and post-World War II single family houses for sale in Strathcona. These older homes are often used as rental properties. Development in Strathcona essentially stopped in the 1980s, due to the density of the area, so new construction is perhaps the one thing that living in Strathcona doesn’t offer.
Among homes for sale in Strathcona, nearly half are multi-family dwellings in low-rise apartment buildings, with another 25% located in high-rise apartment buildings, mostly facing the river valley and downtown along Saskatchewan Drive. The remaining houses in Strathcona are single-family houses, duplexes, triplexes, and a few row houses. So, for the home buyer looking into Strathcona real estate listings, there is certainly a wide variety of dwelling styles once one looks beyond the predominant apartments.
Homes in Strathcona are overwhelmingly occupied by renters – over 70% of homes in the neighbourhood are rental properties. As a result, homes for sale in Strathcona are often desirable as income properties. The major factor in this high percentage of renters is the nearby University, as many students flock to the neighbourhood in order to be close to both campus and all that Edmonton has to offer. For the home buyer seeking an investment property, there is no reason to assume that this trend of student tenants in Strathcona will change, so though home prices can be higher in Strathcona than in other areas of the city, they look to retain their value very well.
The Strathcona Community in Edmonton
Strathcona real estate, as one may expect from a centrally located neighbourhood with such proximity to the River Valley, Mill Creek Ravine, University, and downtown areas, is rather expensive. While every neighbourhood in Edmonton has something unique to offer its residents, Strathcona is unique in that it can offer its residents nearly anything. It is unlike almost all other Edmonton neighbourhoods in that excellent shopping and bustling; walkable streets exist side-by-side with the idyllic outdoor spaces of Mill Creek Ravine and the river valley. The overall vibe of the Strathcona neighbourhood is friendly and energetic, and anyone who visits can clearly see why this is one of the most sought-after neighbourhoods in all of Edmonton for real estate.
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