Photo: Bernard Spragg. NZ/Flickr
Calgary can be considered a city of many neighbourhoods; each quadrant has something unique to offer, whether it be close proximity to the mountains, walkability along the rivers snaking through downtown, or easy access to one of several universities. The city has long been undergoing a building boom, with newly developed neighbourhoods located further from the core that have become a hotspot for families.
Transit Access a Top Concern for Home Buyers
However, that development sprawl has increased the need for accessible, reliable transit, which the municipality has been working to address with extensions to its light rail transit system in recent years. Especially in farther flung neighbourhoods, public transit commute time is a careful consideration for home buyers. But does this have an impact on neighbourhood home prices?
To determine what prospective buyers may pay to live close to CTrain stations, Zoocasa crunched the numbers, sourcing 2019 average sold prices for Calgary homes for sale, including both houses and condos, from the Calgary Real Estate Board for the time period between January 1st – April 30th, 2019.
Northeast Stations Offer Best Value
According to the numbers, those looking to buy a single-family home should head to the Northeast for the best deals — here, buyers can purchase a house at an average of $248,750 by Rundle Station, followed by $285,750 by Franklin, and $295,667 by Marlborough.
The most expensive houses, however, were located throughout the Northwest – Sunnyside, which is popular for its downtown feel and walkability, has the most expensive real estate, with houses costing an average of $1,108,750. That’s followed by 69 Street station which is steps from the affluent Springbank and Aspen Woods neighbourhoods and has an average house price of $926,641. Included in the top three was Banff Trail station at $808,806, popular for its close proximity to McMahon Station as well as the University of Calgary.
Similar to those on the hunt for Toronto condos and Vancouver condos, those seeking luxury units will find themselves looking in the city’s downtown core, within steps of upscale retail and dining. The priciest units are found by 4 Street station at an average of $498,509, followed by 6 Street ($491,893), and 3 Street ($474,909).
The most affordable options — and likely the best bet for first-time buyers — can be found by Somerset-Bridlewood station, at an average of $199,214. That’s followed by Crowfoot station, which is located right next to the Crowfoot Crossing shopping centre and the community of Arbour Lake, at an average of $206,125, followed by Anderson station at an average of $210,639.
Check out the infographic below to see the average home price near each CTrain station:
Zoocasa.com is a real estate company that combines online search tools and a full-service brokerage to empower Canadians to buy or sell their homes faster, easier and more successfully. Home buyers can browse homes across Canada on the website or the free iOS app.