edm13
Active Member
Just for comparison, personal SFH and a couple rental SFH, up 9-13%
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Downtown Real Estate
- Thread starter Daveography
- Start date
David A
Senior Member
I could be wrong, but as I understand it the values are some period in the past not the values today. So I am not sure how relevant they are in a changing real estate market except to determine how much tax you pay.
IanO
Superstar
What did I miss?
Orange - U/C
Pink - Proposed
Blue - Quality development site
Green - Central Warehouse Park
Yellow - Provincial redevelopment site (any update on who got this?)
Orange - U/C
Pink - Proposed
Blue - Quality development site
Green - Central Warehouse Park
Yellow - Provincial redevelopment site (any update on who got this?)
CplKlinger
Senior Member
Could you zoom out a bit and include Station Lands and Ice District phase two?
IanO
Superstar
I will do a similar one for 102ave north, but wanted to focus on Jasper Avenue to be honest... it needs some new product and activity.
CplKlinger
Senior Member
Very true. One more thought is that it could be nice if "proposed" were broken down into proposals that are in the works or were announced recently, and "stale" proposals that we haven't seen movement on for a while. Or maybe you already filtered those ones out. It's a good map; hopefully we see more orange soon!
IanO
Superstar
policyenthusiast
Active Member
Anyone have a lead on aggregate data for this? Curious what the overall shift looks like.
policyenthusiast
Active Member
Nevermind - got it.
Most homeowners are likely to find their properties are worth more than last year with a median assessed property value for a detached single family home in Edmonton at $465,500 for 2025. This is a significant jump of $37,000 from the median value of $428,500 last year, which was just $3,000 higher than the previous year. This means a typical homeowner will pay about $3,550 in municipal property taxes in 2025, about $204 more than last year.
Condos and townhouses are also worth significantly more overall. The median value for a condo or townhouse by 2025 is $190,000 compared to $172,000 a year ago. Assessed values for this group of residential properties grew 10.9 percent overall.
Greenspace
Senior Member
Old Citadel (Starlite) building and business for sale, $3.8m
policyenthusiast
Active Member
I wonder if the buyer (who would buy this?) will want to keep the existing businesses and exterior. It does look super out-of-place downtown, but that's also part of the charm.
Greenspace
Senior Member
One of Canada's only major Downtown live music venues. It's loss would be incalculable.
MacLac
Senior Member
Kurt Cobain is rolling in his grave......
scyeg
Active Member
Yikes. Not good for live music in the city if it gets sold and converted to something other than a live music venue.
constance_chlore
Active Member
Yeah, the Starlite Room has to be one of the three most important venues for indie music here. It would be a terrible loss if they can't hold on.
The building seems to be on the Inventory of Historic Resources, but nothing more. I have a hard time imagining that anyone would want to mess with it too much, but who knows?
The building seems to be on the Inventory of Historic Resources, but nothing more. I have a hard time imagining that anyone would want to mess with it too much, but who knows?