Queen Mary Park, located just northwest of Edmonton's central business district, is a mature residential neighbourhood with a rich history and diverse community. As of 2024, it offers a blend of urban amenities, affordable living options, and a vibrant cultural scene, making it an attractive choice for many residents.
Housing and Real Estate
The housing market in Queen Mary Park offers options to suit various budgets. Between October 2023 and September 2024, property sales ranged from as low as $47,500 for a 780 sq ft one-bedroom condo to $650,000 for a 2,000 sq ft two-story infill home. The median selling price during this period was $185,000, typically for a 975 sq ft two-bedroom condo.
This affordability is further highlighted when comparing housing costs to national averages. Queen Mary Park's housing expenses are approximately 58% lower than the national average, making it a compelling option for first-time homebuyers and investors.
The neighbourhood's real estate landscape is characterized by a mix of older developments from the mid-20th century and modern infill projects. This blend offers residents a choice between historic charm and contemporary design, catering to diverse preferences.
Diverse Pricing: Queen Mary Park offers properties ranging from $47,500 for compact condos to $650,000 for spacious infills, catering to varied financial capabilities.
Affordability Stats: Homes in the area are approximately 58% less expensive than the national average, offering exceptional value for buyers and renters alike.
Rental Market: The average rent of $1,365 is 20% higher than last year but remains competitive with nearby urban areas.
Real Estate Trends: The mix of mid-century and modern developments ensures a steady demand from diverse buyer profiles.
Recent revitalization efforts have further enhanced the area's appeal. The construction of new amenities and infrastructure improvements have contributed to a resurgence in interest, attracting a diverse demographic to the community.
For those considering renting, the average rent for an apartment in Queen Mary Park is approximately $1,365, reflecting a 20% increase compared to the previous year.
Despite this rise, rental prices remain competitive relative to other central Edmonton neighbourhoods.
Cost of Living
One of Queen Mary Park's most significant advantages is its cost of living. Overall, the cost of living in the neighbourhood is 14% lower than the Edmonton and national averages.
This affordability extends beyond housing, encompassing various daily expenses.
Goods and services in Queen Mary Park are on par with city averages, ensuring residents can access necessities without incurring additional costs. Grocery expenses are slightly below the national average, providing further savings for households.
Healthcare costs in the area align closely with provincial figures, ensuring residents have access to medical services without financial strain. Transportation expenses are also comparable to city averages, with public transit readily available and reasonably priced.
Utility costs in Queen Mary Park are slightly higher than the provincial average, but they remain manageable within the broader context of the neighbourhood's affordability. Additionally, Alberta's general sales tax is nonexistent, offering residents a financial advantage compared to other provinces.
Housing Savings: Residents save significantly, with housing costs 58% below the national average.
Daily Expenses: Groceries and transportation remain cost-effective, with no provincial sales tax adding an extra financial advantage.
Utility Costs: While utilities are slightly higher than Alberta’s average, they are offset by lower overall living costs in the neighbourhood.
Queen Mary Park stands out as a desirable option in Edmonton's real estate landscape for individuals and families seeking a balance between urban living and cost-effectiveness.
Amenities and Lifestyle
Queen Mary Park boasts a rich array of amenities that contribute to a high quality of life for its residents. The neighbourhood features numerous parks, playgrounds, and recreational facilities, providing ample opportunities for outdoor activities and community engagement.
The proximity to downtown Edmonton ensures that residents have easy access to a vibrant arts and culture scene, including theatres, galleries, and music venues. This closeness allows for an urban lifestyle without the premium costs often associated with downtown living.
Local businesses, including diverse dining options and boutique shops, contribute to the neighbourhood's unique character. The presence of essential services such as grocery stores, pharmacies, and healthcare facilities within walking distance adds to the convenience of daily life.
Public transportation is readily accessible, with multiple bus routes serving the area and connecting residents to other parts of the city. For those who prefer active transportation, the neighbourhood's walkability and bike-friendly infrastructure are notable advantages.
Community events and programs, often organized by the active Queen Mary Park Community League, foster a sense of belonging and engagement among residents. These initiatives cater to various age groups and interests, enhancing the neighbourhood's appeal to a diverse population.
Recreational Options: Access to parks, playgrounds, and community centers enriches daily life for residents of all ages.
Cultural Proximity: The close location to downtown Edmonton gives residents easy access to theatres, galleries, and live music venues.
Community Programs: Active involvement in events organized by the Queen Mary Park Community League strengthens neighbourhood bonds.
The blend of urban amenities and a tight-knit community atmosphere makes Queen Mary Park an attractive option for individuals and families seeking a balanced lifestyle in Edmonton.
Safety and Community
Safety is a crucial consideration for potential residents. Queen Mary Park's crime rates are reported to be 40% higher than the Edmonton average, with a total crime rate of 8,918 per 100,000 people. This statistic translates to a 1 in 12 chance of being a victim, which is 111% higher than the national average.
Despite these figures, many residents report a strong sense of community and active engagement in neighbourhood watch programs and community initiatives to improve safety. The Queen Mary Park Community League is pivotal in organizing events and fostering connections among residents, contributing to a sense of belonging and collective responsibility.
Crime Awareness: A reported crime rate 40% higher than Edmonton’s average highlights the need for safety awareness.
Community Action: Residents benefit from active neighbourhood watch initiatives and increased local police presence.
Inclusive Environment: The community fosters inclusivity, offering programs and amenities for families, seniors, and diverse cultural groups.
The neighbourhood's proximity to downtown and well-lit streets contribute to a perception of safety, particularly in areas with higher foot traffic. Ongoing revitalization efforts, including improved lighting and increased police presence, aim to address safety concerns and enhance the overall security of the area.
For families, schools and child-friendly amenities add to the neighbourhood's appeal, providing environments where children can learn and play safely. Additionally, senior-friendly facilities and programs indicate a commitment to inclusivity and support for all age groups within the community.
Conclusion
Queen Mary Park is an appealing neighbourhood for individuals and families looking to balance affordability, accessibility, and a vibrant community atmosphere. The neighbourhood remains a strong contender in Edmonton's real estate market with its diverse housing options, lower cost of living, rich amenities, and ongoing revitalization efforts. However, prospective residents should weigh safety concerns and crime statistics while considering the proactive measures taken by the community to address these challenges.
Whether you're a young professional, a family, or someone seeking a culturally rich and affordable area, Queen Mary Park offers a unique lifestyle that combines urban living with community-oriented values. For more insights on Edmonton's neighbourhoods and tips on navigating the housing market, check out our other blog posts, including “Exploring Queen Mary Park in 2024” and detailed guides on topics like the “Cost of Living in Queen Mary Park.” Dive into our archives for more real estate trends and tips to help you make informed decisions.
