When it comes to picking the right neighbourhood to live in, Calgarians have a wealth of choice: from walkable ‘hoods along the south of the river, to brand new builds in emerging suburbs, the city offers great options for a variety of lifestyles.
However, one major consideration for buyers of Calgary real estate is commute time – many communities, especially in the further reaches of northern quadrants, can feel car-dependent, especially for those who trek into the downtown core on a regular basis. Those who can’t make the daily drive, or prefer not to, have the option of taking the CTrain, the city-wide light rail transit system operated by Calgary Transit. But how much can buyers expect to pay to live within easy reach of their closest station?
To find out, Zoocasa collected the average 2019 sold prices for both houses and condos within an 800-metre radius (roughly a 10-minute walk) of all 45 CTrain stations. Sold prices were sourced from the Calgary Real Estate Board for the period between January 1 – April 30, 2019.
Most Affordable Houses Found in Northeast Neighbourhoods
The findings reveal that the Northeast offers the greatest value for buyers looking to purchase a house near the transit line; Rundle Station tops the list with an average home price of $248,750, followed by Franklin ($285,750), and Marlborough ($295,667).
The priciest houses were located in a variety of neighbourhoods throughout the inner city: Sunnyside, a neighbourhood known for its vibrant retail scene and close access to downtown, is the most expensive, at an average of $1,108,750. That’s followed by 69 Street station which, steps from the affluent Springbank and Aspen Woods neighbourhoods, has an average house price of $926,641. Rounding out 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.
Look West For Best Condo Value
Those on the market for affordable Calgary condos can look to Somerset-Bridlewood; the southern-most terminus on the red line and steps from the Sundance community, it has the most affordable units close by, 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.
The pricest units, however, are located within the heart of the city’s core: 4 Street station takes top spot at an average of $498,509, followed by 6 Street ($491,893), and 3 Street ($474,909).
Check out the infographic below to see the average home price near each CTrain station:
Top 5 Most Affordable CTrain Stops for Houses
1 – Rundle: $248,750
2 – Franklin: $285,750
3 – Marlborough: $295,667
4 – Whitehorn: $308,500
5 – McKnight-Westwinds: $316,400
Top 5 Most Expensive CTrain Stops for Houses
1 – Sunnyside: $1,108,750
2 – 69 Street: $926,641
3 – Banff Trail: $808,806
4 – Sunalta: $806,942
5 – Downtown West / Kirby: $776,125
Top 5 Most Affordable CTrain Stops for Apartments
1 – Somerset-Bridlewood: $199,214
2 – Crowfoot: $206,125
3 – Anderson: $210,639
4 – Sunalta: $210,971
5 – 39 Avenue: $217,000
Top 5 Most Expensive CTrain Stops for Apartments
1 – 4 Street: $498,509
2 – 6 Street: $491,893
3 – 3 Street: $474,909
4 – 7 Street: $423,164
5 – 1 Street: $399,400
Methodology
Sold prices were sourced from the Calgary Real Estate Board and include sales from January to April 2019. Data was pulled on May 3, 2019. The boundary used for sold listings was an 800m radius from each station. Average prices for stations with fewer than 3 sold listings for that property type
Houses include detached and attached houses.
About Zoocasa
Zoocasa.com is a tech-driven brokerage that empowers Canadians to make more informed real estate decisions. Our proprietary home search tools and streamlined agent experience make buying and selling homes smarter, faster and more successful. Home buyers can browse real estate listings on the website or the free real estate iOS app.
For more information about this report or to set up a media interview, please email communications@zoocasa.com.
