Richest Neighborhoods in Edmonton 2024 - Where to Live

Edmonton, Alberta's capital, is known for its thriving arts scene, beautiful river valley, and growing economic hub. As the city continues to develop, certain neighborhoods have emerged as the epitome of luxury, drawing in affluent homeowners with their exclusive properties, scenic landscapes, and proximity to premier amenities. In 2024, these neighborhoods remain some of the most sought-after residential areas in Edmonton, attracting high-income earners and investors alike.

Top richest neighborhoods in Edmonton 

1. Windermere: The Pinnacle of Affluence

Windermere tops the list as Edmonton's wealthiest neighborhood. Known for its stunning estate homes, Windermere offers a unique blend of luxury, serenity, and modern convenience. Located in the southwest corner of the city, Windermere is home to multimillion-dollar properties with large lots, many of which overlook the North Saskatchewan River.

Key Features:

• Upscale homes and architecture: The neighborhood is filled with custom-built homes with contemporary and classic designs. Some properties are sprawling mansions with over 5,000 square feet of living space, offering features like indoor pools, private gyms, and high-end home theaters.
• Prestigious golf course: Windermere Golf and Country Club is a key highlight, catering to Edmonton’s elite.
• Shopping and dining: Currents of Windermere is a shopping district offering luxury retail options, fine dining, and essential services.

Property values in 2024: Homes in Windermere continue to appreciate due to its desirability, with many listings exceeding the $2 million mark.

2. Glenora: Historic Charm Meets Modern Luxury

Glenora is one of Edmonton's oldest and most prestigious neighborhoods, dating back over a century. Located just west of downtown, Glenora is known for its stately character homes, tree-lined streets, and proximity to the North Saskatchewan River.

Key Features:

• Prime location: Glenora is minutes away from the heart of Edmonton’s downtown core, making it ideal for professionals seeking a short commute.
• Historic architecture: The neighborhood boasts some of the city's oldest and most grand homes, many of which have been lovingly restored to their former glory.
• River valley views: Homes along the river offer unparalleled views of Edmonton’s famous river valley, which is one of the largest urban parkland areas in North America.

Property values in 2024: Homes in Glenora can easily reach the $1.5 million mark, with some luxury properties fetching more due to their historic significance and proximity to downtown.

3. Westbrook Estates: A Golf Lover's Paradise

Westbrook Estates is a haven for golf enthusiasts and those seeking an elite lifestyle. The neighborhood is anchored by the Derrick Golf and Winter Club, one of the city's premier private clubs, making Westbrook Estates a top choice for affluent Edmontonians.

Key Features:

• Exclusive amenities: The Derrick Club offers not only golf but also tennis, swimming, and various other recreational activities. It is a social hub for high-net-worth individuals in the city.
• Prestigious schools: The area is close to some of Edmonton's top private and public schools, which makes it appealing for families.
• Large lots: Homes in Westbrook Estates are characterized by their expansive lots and mature trees, offering both privacy and a sense of seclusion.

Property values in 2024: Luxury homes in Westbrook Estates often surpass the $2 million threshold, especially those adjacent to the golf course.

4. Crestwood: Scenic River Valley Views and Community Spirit

Crestwood is a beautiful neighborhood located along the North Saskatchewan River, just west of downtown Edmonton. Known for its breathtaking river valley views and strong sense of community, Crestwood remains one of Edmonton’s wealthiest areas in 2024.

Key Features:

• Panoramic views: Many homes in Crestwood overlook the river valley, offering spectacular views year-round.
• Close-knit community: Despite its high-end real estate, Crestwood has maintained a strong community spirit, with events and activities held throughout the year.
• Modern luxury homes: In recent years, Crestwood has seen a surge in luxury infill homes, where older properties are replaced by custom-built, modern homes that cater to today's affluent buyers.

Property values in 2024: Homes in Crestwood range from $1.2 million to $3 million, depending on their location and size.

5. Laurier Heights: Nature and Luxury Combined

Laurier Heights is another top-tier neighborhood offering both luxury living and proximity to Edmonton's most scenic natural areas. With its close proximity to the Edmonton Valley Zoo and Sir Wilfrid Laurier Park, Laurier Heights is a family-friendly neighborhood that doesn't sacrifice exclusivity.

Key Features:

• Natural beauty: Laurier Heights offers immediate access to the river valley trail system, ideal for hiking, cycling, and outdoor activities.
• Upscale homes: The neighborhood features a mix of older character homes and newly built luxury properties, many with large lots and river valley views.
• Family-friendly atmosphere: With parks, schools, and recreational facilities nearby, Laurier Heights is popular among affluent families.

Property values in 2024: Homes in Laurier Heights typically sell for between $1 million and $3 million, depending on their proximity to the river and the size of the lot.

6. Riverdale: Urban Luxury Along the River

Riverdale is one of Edmonton’s most unique luxury neighborhoods. Located in the heart of the city but tucked away along the North Saskatchewan River, Riverdale offers the perfect balance between urban convenience and serene riverfront living.

Key Features:

• Proximity to downtown: Riverdale is within walking distance to downtown Edmonton, making it ideal for professionals who work in the city center but desire a peaceful home environment.
• Riverside homes: Many properties in Riverdale back directly onto the river, offering stunning views and access to Edmonton’s river valley trails.
• Architectural diversity: The neighborhood has a mix of historic homes and newly constructed luxury houses, providing a variety of real estate options for buyers.

Property values in 2024: Riverdale homes can range from $1 million for older properties to upwards of $2.5 million for newer, riverfront homes.

7. Jagare Ridge: The Perfect Blend of Nature and Luxury

Jagare Ridge, a relatively new development, has quickly become one of Edmonton's wealthiest neighborhoods. Built around the Jagare Ridge Golf Club, this community blends luxury with the tranquility of nature, offering high-end living in a serene setting.

Key Features:

• Golf course living: Jagare Ridge is centered around a beautiful golf course, providing stunning views and easy access to the course for residents.
• New, modern homes: The neighborhood features some of Edmonton's most modern homes, with innovative architecture and high-end finishes throughout.
• Nature at your doorstep: Jagare Ridge is bordered by Whitemud Creek, offering residents easy access to walking trails, parks, and natural green spaces.

Property values in 2024: Homes in Jagare Ridge range from $900,000 to $2 million, depending on the size of the property and its location within the community.

Conclusion: Edmonton's Luxury Real Estate Market in 2024

Edmonton's richest neighborhoods offer a wide variety of luxury living options, from historic estates to modern mansions, all with their own unique charm and appeal. As the city continues to grow, these neighborhoods remain prime locations for those seeking upscale homes and exclusive lifestyles.

With rising property values and increasing demand, 2024 is shaping up to be another strong year for Edmonton's luxury real estate market. Whether you're looking to invest or move into one of these prestigious neighborhoods, Edmonton's high-end homes continue to offer unmatched value and lifestyle opportunities for the affluent buyer.

For more updates on Edmonton’s real estate market, be sure to visit thehomess.comfor the latest insights, property listings, and expert advice.