Edmonton is a great real estate market for first-time or lower-budget buyers. The median price of a home in the region last year was $430,000, much lower than Calgary, plus the current market is steady and balanced.
Even though prices have been gently rising, the median price of a condo-apartment in the region in December 2025 was just $219,000. So, it stands to reason that $350,000 would be a realistic budget for a starter home, or for someone moving up from a small condo-apartment to something a little bigger.
But what homes can you buy for $350,000 in Edmonton and its surrounding communities? There’s a big variation on age and property type, depending on your location and what you’re willing to trade off.
We took a hard look at current Edmonton listings to find what this budget will typically buy you in each area, and offer a representative sample listing that’s currently for sale.
Edmonton: Downtown/Oliver
In Edmonton’s urban condo market, for a budget of $350K or thereabouts, you’re looking at a two-bed apartment around 1,000 square feet, typically 15-25 years old, at $350/sqft. You sacrifice about 25% of the space compared with suburban townhouses, but gain walkability and proximity to restaurants, transit, and downtown employment.
Typical listing: Unit 703 – 10028 119 Street NW, Oliver
This is a two-bed, two-bath, 1,060-square-foot condo-apartment with city views in Oliver, close to the River Valley trail system, as well as many cafés, bakeries, restaurants, galleries, and parks. The main bedroom has a generous walk-in closet, and the second bedroom is separated from the living room by glass French doors. There’s an in-suite laundry with storage, and the building offers heated underground parking, storage lockers, guest suite, car wash, and visitor parking.
Edmonton: Suburbs
If you want to be in the city but don’t want a downtown condo, the suburban areas offer the sweet spot for space and value. For around the $350K mark, you’ll get a two- to three-bed condo-townhouse around 1,340 square feet, typically 10-15 years old, at $263/sqft. Communities like Heritage Valley, Rutherford, Walker, and Griesbach currently dominate this segment.
Typical listing: Unit 74 – 14621 121 Street NW, Caernarvon
This three-bed-plus-den condo-townhome was built in 2013, but has a refurbished exterior and a brand-new 2025 interior renovation. There’s a new kitchen with ceiling-height cabinetry, soft-close drawers, quartz countertops and backsplash, and stainless steel appliances, plus new vinyl plank flooring throughout, upgraded lighting, black hardware, and a smart thermostat. The 1,231-square-foot home is also a stone’s throw from Caernarvon Park.
Sherwood Park
As we move out of Edmonton, we find that per-square-foot prices don’t come down too much, given that communities just outside of the city aren’t too far away and are considered as desirable as Edmonton’s suburbs. Sherwood Park is one such area, with a mix of townhouses and duplexes at $350K. This will buy a two-bed townhome unit typically around 1,285 square feet, about 10-20 years old, at $287/sqft.
Typical listing: Unit 68 – 301 Palisades Way, Sherwood Park
This three-bed, three-bath, 2013-built condo-townhome with reasonable condo fees offers quick access to Hwy 16 and Anthony Henday, plus nearby restaurants, shopping, schools, parks, and walking trails. There’s a south-facing back patio off the kitchen-dining area overlooking the courtyard. The interior has upgrades including dark laminate flooring and stainless-steel appliances. There’s a dedicated laundry room, and the main bedroom has a large ensuite and walk-in closet. There’s also a finished basement rec room/office downstairs, next to the garage.
Beaumont
The small-town, bilingual community of Beaumont has very limited current inventory at the $350K mark, but when you can find it, it often offers decent value. If you’re patient, you can find a two- to three-bedroom duplex around 1,250 square feet, usually averaging about 24 years old, at $303/sqft. However, sometimes newer inventory is available, which happens to be the case with our sample listing.
Typical listing: 90 Dansereau Way, Beaumont
This is a brand-new, unlived-in freehold townhome (meaning there are no condo fees) with two bedrooms and 2.5 bathrooms. The house has high-end finishes, nine-foot ceilings, vinyl plank flooring, and large windows on the main level. Upstairs, there are dual primary bedrooms, both with ensuite bathrooms, plus a laundry area. Outside, the home offers a detached double garage, landscaped yard, and a private patio.
Spruce Grove
Heading north-west, Spruce Grove at the $350K price point is one of the best areas for newer builds right now. You can typically get a two-bed townhouse around 1,275 square feet, many just a few years old, at $291/sqft. Or, pick a slightly older townhome with a better price per square foot, like the one listed below.
Typical listing: Unit 2 – 300 Queen Street, Spruce Grove
This two-bedroom, 1,400-square-foot unit was built in 2012 and is located in the heart of Spruce Grove. The main floor offers open-concept living, including a wrap-around kitchen with dining area. Upstairs are dual primary bedrooms, both with walk-in closets and ensuite bathrooms, plus a laundry room and a nook. The hot water tank, refrigerator, dishwasher, washer and dryer have all been recently replaced, plus it has a private back balcony, no rear neighbours, an attached garage, and is near public transportation and walking trails.
St. Albert
St. Albert is a city of older housing stock, but what you gain is mature, established communities. For around $350K, you’ll get a three-bed townhouse of approximately 1,260 sqft, typically 40-50 years old, at $281/sqft.
Typical listing: 324 Grandin Village, St. Albert
This is an older, 1,162-square-foot, three-bedroom condo-townhome, built back in 1975. But we’re loving the brand-new interior renovation, especially that kitchen with quartz countertops, new dual-tone cabinetry with pantry space, and updated appliances. There’s new vinyl plank flooring and carpet throughout, updated light fixtures, and the bathrooms are renovated with a new stand-up shower, new bathtub, modern tilework, and updated plumbing fixtures.
Stony Plain
Out in Stony Plain, this price point is split between duplexes and detached homes in the current inventory. A three-bed home around 1,220 square feet, about 20-30 years old, at $286/sqft, is what you can expect to land.
Typical listing: 41 Graywood Cove, Stony Plain
This detached, three-bedroom house is close to schools, golfing, stores, and medical services. It was built in 2003 but it’s seen some upgrades: all the appliances are two years old or newer; the roof shingles and hot water tank were installed in 2020; there is new lighting and paint throughout the home; and there’s new carpet in the living room, plus new vinyl floors in the hallway and the large primary bedroom. It is on a large pie-shaped lot that is fully enclosed with a new fence that has solar lighting on the posts.
Fort Saskatchewan
Right now, for $350K, Fort Saskatchewan offers the newest inventory in the region. You’ll probably get a three-bed townhouse or duplex around 1,260 square feet, just six years old on average, at $283/sqft.
Typical listing: 90 Elliot Wynd, Fort Saskatchewan
It doesn’t get much newer than this: this townhome isn’t even completed yet, and the picture to the left is a rendering. The home is located in one of Fort Saskatchewan newest communities of Southpointe, and is due for completion in April this year. It has two/three bedrooms, three bathrooms, and 1,250 square feet. On the entry floor is a flex room (could be an office or bedroom) next to the entrance from the garage, with a three-piece bathroom. The second level offers the modern open-concept living space, leading onto a deck, while the upper level has two bedrooms and two bathrooms.
Leduc
Going further south of Edmonton, Leduc offers $350K-budget buyers the highest proportion of single-family detached homes — you pay more per square foot, but you get your own lot. For this money, expect something like a small, three-bed detached house around 1,135 sqft, about 30-50 years old, at $327/sqft.
Typical listing: 4129 South Park Drive, Leduc
This 1,070-square-foot house has three bedrooms and three bathrooms, as well as a partially finished basement. It is on the older side, having been built back in 1972. However, some of the most recent upgrades include a new hot water tank, new vinyl plank flooring, a new living room window, fresh paint, upgraded electrical, a new ensuite vanity, and new fencing.
Find Edmonton-region homes for sale on our Map Search page, where you can filter for price, property type, and much more. Plus, keep your eye on our Alberta blog page to stay up to date with market trends, sales data, and remarkable listing stories.