PROPERTIES in Edmonton under $400,000
EXPLORE HOUSES PRICED AT $400,000 AND below IN THE edmonton AREA
Edmonton houses for sale under $400 000 | 250k-400k - Yeg.Homes
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3223 WHITELAW Drive in Edmonton: Zone 56 Vacant Lot/Land for sale : MLS®# E4409687
3223 WHITELAW Drive Edmonton T6W 0P8 
$399,500Single FamilyCourtesy of Tushar Bhutani of Century 21 Quantum Realty- Status:
- Active
- MLS® Num:
- E4409687
Discover the epitome of luxury living with over 4800+ sq.ft. lot area in the prestigious Windermere community. Nestled in a serene location away from the city's hustle and bustle, this property offers a tranquil retreat while being close to Edmonton’s finest amenities. 32' approx building pocket, offering endless possibilities to design your dream home. Enjoy easy access to some of Edmonton’s best shops, restaurants, and the beautifully manicured golf course. Just minutes away from the Currents of Windermere, providing a variety of high-end shopping and dining options. More details- MARK PROSZOWSKI
- INITIA REAL ESTATE
- 1 (780) 9459139
- Contact by Email
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12936 85 Street in Edmonton: Zone 02 Vacant Lot/Land for sale : MLS®# E4412917
12936 85 Street Edmonton T5E 2Y9
$299,000Single FamilyCourtesy of AK Abhyankar of Century 21 Quantum Realty- Status:
- Active
- MLS® Num:
- E4412917
- Bathrooms:
- 2
Massive lot Situated on a huge 50’x150’ RF4 lot in a family friendly neighborhood. Buyers to buy as is as a lot More details- MARK PROSZOWSKI
- INITIA REAL ESTATE
- 1 (780) 9459139
- Contact by Email
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11932 62 Street in Edmonton: Zone 06 House for sale : MLS®# E4383610
11932 62 Street Edmonton T5W 4C6
$283,000Single FamilyCourtesy of Erin Holowach of ComFree- Status:
- Active
- MLS® Num:
- E4383610
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 700 sq. ft.
50x120 (565 Sq m) lot in Montrose. Close to schools, playgrounds, Yellowhead Trail. West facing backyard. More details- MARK PROSZOWSKI
- INITIA REAL ESTATE
- 1 (780) 9459139
- Contact by Email
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9109 98 Street NW in Edmonton: Zone 17 Vacant Lot/Land for sale : MLS®# E4392332
9109 98 Street NW Edmonton T6E 3M6
$295,000Single FamilyCourtesy of Kevin N Komarynsky of Homes & Gardens Real Estate Limited- Status:
- Active
- MLS® Num:
- E4392332
If you love the Millcreek Ravine now is your chance to build the home you want in the best ravine setting available! No back alley, the east backyard is on the ravine as well as the north side. The balance of the surrounding property is all ravine and creek. Build yourself a walkout with a roof treetop deck! Just steps to the north is access to the paths via the city steps and sidewalk. Wonderful setting for the right home. City of Edmonton 2023 Assessment $412,500!. Property is as is where is. Copy of the RPR is available. Please email progressiverealty.kk@gmail.com for a copy. More details- MARK PROSZOWSKI
- INITIA REAL ESTATE
- 1 (780) 9459139
- Contact by Email
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11833 FORT Road in Edmonton: Zone 05 Vacant Lot/Land for sale : MLS®# E4421289
11833 FORT Road Edmonton T5B 4G6
$299,000Single FamilyCourtesy of Nadia Mitchell of RE/MAX Excellence- Status:
- Active
- MLS® Num:
- E4421289
Excellent location & exposure on main Fort Road. Across from the established commercial plaza, Parkdale Square. RM h23 zoned for medium rise Multi-unit Housing. Wide range of permitted uses. Two Vacant Lots - total of 6453 sq ft. Fully serviced site. More details- MARK PROSZOWSKI
- INITIA REAL ESTATE
- 1 (780) 9459139
- Contact by Email
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2736 193 Street in Edmonton: Zone 57 House for sale : MLS®# E4423582
2736 193 Street Edmonton T5S 0T1
$399,998Single FamilyCourtesy of Wally Karout of Royal Lepage Arteam Realty- Status:
- Active
- MLS® Num:
- E4423582
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 1,070 sq. ft.
Welcome to this brand new home the “Sage” Built by Broadview Homes and is located in one of West Edmonton's newest premier communities of the Uplands at Riverview With just under 1100 square Feet this home comes single parking pad, this opportunity is perfect for a young family or young couple. Your main floor is complete with luxury Vinyl plank flooring throughout the great room and the kitchen. Highlighted in your new kitchen are upgraded cabinets, upgraded counter tops and a tile back splash. Finishing off the main level is a 2 piece bathroom. The upper level has 3 bedrooms and 2 full bathrooms that is perfect for a first time buyer. *** This home is under construction and slated to be completed by September of this year**** More details- MARK PROSZOWSKI
- INITIA REAL ESTATE
- 1 (780) 9459139
- Contact by Email
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13117 66 Street in Edmonton: Zone 02 Vacant Lot/Land for sale : MLS®# E4423767
13117 66 Street Edmonton T5C 0A9
$319,000Single FamilyCourtesy of Moe Hajar of Royal Lepage Arteam Realty- Status:
- Active
- MLS® Num:
- E4423767
Attention developers and investors! This Vacant lot in mature Belvedere is ready to be redeveloped. Lot size is 55' x 130' and would be perfect for duplex/fourplex/semi detached. Lot is fully cleared and ready to build. Save on demolition, asbestos removal and utility disconnection fees. Excellent location within walking distance to Belvedere LRT station and Londonderry Mall. More details- MARK PROSZOWSKI
- INITIA REAL ESTATE
- 1 (780) 9459139
- Contact by Email
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5113 River's Edge Way in Edmonton: Zone 57 House Duplex for sale : MLS®# E4426313
5113 River's Edge Way Edmonton T6M 3B6
$399,595Single FamilyCourtesy of Wally Karout of Royal Lepage Arteam Realty- Status:
- Active
- MLS® Num:
- E4426313
- Bedrooms:
- 3
- Bathrooms:
- 3
- Floor Area:
- 1,233 sq. ft.
Welcome to this brand new half duplex the “Reimer” Built by the award winning builder Pacesetter homes and is located in one of Edmonton's newest west end communities of River's Edge. With over 1,233 square Feet, this opportunity is perfect for a young family or young couple. Your main floor as you enter has a flex room/ Bedroom that is next to the entrance from the garage with a 3 piece bath. The second level has a beautiful kitchen with upgraded cabinets, upgraded counter tops and a tile back splash with upgraded luxury Vinyl plank flooring throughout the great room. The upper level has 3 bedrooms and 2 bathrooms. This home also comes completed with a single over sized attached garage. *** Photo used is of an artist rendering , home is under construction and will be complete by end of November*** More details- MARK PROSZOWSKI
- INITIA REAL ESTATE
- 1 (780) 9459139
- Contact by Email
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11011 109 Street NW in Edmonton: Zone 08 Vacant Lot/Land for sale : MLS®# E4427238
11011 109 Street NW Edmonton T5G 2V8
$330,000Single FamilyCourtesy of Matteo P Saccomanno of RE/MAX River City- Status:
- Active
- MLS® Num:
- E4427238
REDEVELOPMENT ALERT in Central McDougall! 50'140' Lot Medium Scale Residential RM H16 zoning, right on 109 Street. Option for 3 Lots Side x Side for a total frontage of 150’x140’ HUGE potential for a low rise apartment building, 4plexes or skinnies – 24 units minimum! Great potential for CMHC MLI products in this location. This location is excellent for future redevelopment, close to amenities, public transit, LRT, NAIT, minutes from downtown & on a street where other redevelopment is already happening & more being planned all the time. Take advantage of the City encouraging higher density & development & secure your next project! Neighbouring lots 11015-109 St & 11021-109 St also for sale More details- MARK PROSZOWSKI
- INITIA REAL ESTATE
- 1 (780) 9459139
- Contact by Email
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11015 109 Street NW in Edmonton: Zone 08 Vacant Lot/Land for sale : MLS®# E4427240
11015 109 Street NW Edmonton T5G 2V8
$330,000Single FamilyCourtesy of Matteo P Saccomanno of RE/MAX River City- Status:
- Active
- MLS® Num:
- E4427240
REDEVELOPMENT ALERT in Central McDougall! 50'140' Lot Medium Scale Residential RM H16 zoning, right on 109 Street. Option for 3 Lots Side x Side for a total frontage of 150’x140’ HUGE potential for a low rise apartment building, 4plexes or skinnies – 24 units minimum! Great potential for CMHC MLI products in this location. This location is excellent for future redevelopment, close to amenities, public transit, LRT, NAIT, minutes from downtown & on a street where other redevelopment is already happening & more being planned all the time. Take advantage of the City encouraging higher density & development & secure your next project! Neighbouring lots 11011-109 St & 11021-109 St also for sale More details- MARK PROSZOWSKI
- INITIA REAL ESTATE
- 1 (780) 9459139
- Contact by Email
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11021 109 Street NW in Edmonton: Zone 08 Vacant Lot/Land for sale : MLS®# E4427242
11021 109 Street NW Edmonton T5G 2V8
$330,000Single FamilyCourtesy of Matteo P Saccomanno of RE/MAX River City- Status:
- Active
- MLS® Num:
- E4427242
REDEVELOPMENT ALERT in Central McDougall! 50'140' Lot Medium Scale Residential RM H16 zoning, right on 109 Street. Option for 3 Lots Side x Side for a total frontage of 150’x140’ HUGE potential for a low rise apartment building, 4plexes or skinnies – 24 units minimum! Great potential for CMHC MLI products in this location. This location is excellent for future redevelopment, close to amenities, public transit, LRT, NAIT, minutes from downtown & on a street where other redevelopment is already happening & more being planned all the time. Take advantage of the City encouraging higher density & development & secure your next project! Neighbouring lots 11015-109 St & 11011-109 St also for sale More details- MARK PROSZOWSKI
- INITIA REAL ESTATE
- 1 (780) 9459139
- Contact by Email
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904 KNOTTWOOD S in Edmonton: Zone 29 House for sale : MLS®# E4428242
904 KNOTTWOOD S Edmonton T6K 3C3
$400,000Single FamilyCourtesy of Tyler P Uzelman of Libertas Property Management Inc.- Status:
- Active
- MLS® Num:
- E4428242
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 1,103 sq. ft.
Gorgeous 2 level split. Honey Cherry Laminate on main floor. Enjoy the winters in the inviting living room with park view and wood-burning fireplace. Sunny dining area is expandable for special occasions. Eat-in style kitchen overlooks backyard featuring a 24'x24' double insulated garage. Fenced yard has an RV gate, firepit. Huge family room in basement has office/computer area. Finished laundry room has 2 piece bath and cabinets. Lots of storage in the crawl space under the main level and could double as play area for the little ones. Energy savings are substantial with Durabuilt triple glaze windows throughout the home. Sit on your front deck or back patio around the firepit and enjoy the good life! More details- MARK PROSZOWSKI
- INITIA REAL ESTATE
- 1 (780) 9459139
- Contact by Email
Data was last updated August 13, 2025 at 03:30 PM (UTC)
Discover Affordable Homes in Edmonton: Houses for Sale Under $400,000
If you're searching for Edmonton houses for sale under $400,000, you're in the right place. The Edmonton real estate market offers a range of affordable options, particularly in the $250,000 to $400,000 bracket, making it an attractive choice for first-time buyers, young families, and investors. With the city's growing population and steady economic recovery, finding a home in this price range can provide excellent value without compromising on location or amenities. At Yeg.Homes, we specialize in connecting buyers with budget-friendly properties across Edmonton's diverse neighborhoods. Whether you're looking for a cozy starter home, a duplex, or a townhouse, this guide highlights key insights to help you navigate the market and make an informed decision.
Edmonton Real Estate Market Overview (2025)
As of mid-2025, the Edmonton housing market continues to show resilience and growth, driven by low interest rates, population influx from other provinces, and a strong rental demand. The average home price in the Edmonton area reached approximately $465,000 in June 2025, marking a 5.9% year-over-year increase. Detached single-family homes average around $540,000, but more affordable segments like condos and townhouses remain accessible, with condo averages at about $242,000.
For houses under $400,000, inventory is competitive due to low supply, creating a seller's market where properties in the $350,000–$500,000 range often sell quickly.reddit.com New listings increased by about 6.4% in April 2025, but demand for affordable housing keeps pace, with homes selling faster than the previous year. Experts predict continued price growth throughout 2025, so acting now could secure better deals before further appreciation. Key factors influencing affordability include Edmonton's strong job market in energy, tech, and healthcare, plus its appeal as one of Canada's more budget-friendly major cities compared to Toronto or Vancouver.
Market Statistic (June 2025)Value
| Average Home Price | $464,955 |
| Year-Over-Year Increase | 5.9% |
| Average Condo Price | $242,000 |
| Average Detached Home Price | $540,000 |
| Days on Market (Detached Homes) | 44 |
| Inventory Trend | Low, favoring sellers |
This data underscores why the $250k–$400k range is popular—offering entry-level detached homes, duplexes, and half-duplexes with potential for equity growth.
Best Neighborhoods for Houses Under $400,000 in Edmonton
Edmonton boasts over 300 neighborhoods, but several stand out for affordability in the under-$400,000 segment. These areas combine value, amenities, and accessibility, often featuring parks, schools, and proximity to major highways like Anthony Henday Drive. Here's a curated list based on current trends:
- Rosenthal (West Edmonton): A growing family-friendly suburb with new developments. Homes here start around $300,000, including townhouses and duplexes. Enjoy nearby parks and quick access to West Edmonton Mall. Currently, 63 properties are listed, many under $400k.
- Secord (West Edmonton): Ranked as a top value neighborhood, Secord offers single-family homes and townhouses from $250,000–$400,000. It's safe, with new parks like Secord South Park, and ideal for families due to its community focus and low crime rates. About 73 listings available, emphasizing modern builds.
- Rutherford (Southwest Edmonton): Known for its quiet streets and recreational facilities, this area has detached homes and half-duplexes in the $300k–$400k range. Proximity to shopping and schools makes it popular; 54 properties currently for sale.
- Alberta Avenue (Central Edmonton): A vibrant, historic spot with character homes under $400,000. It's walkable, with cultural amenities and easy downtown access. 35 listings highlight affordable single-family options.
- Mill Woods (Southeast Edmonton): One of the largest affordable hubs, with 222 properties listed. Expect bungalows, bi-levels, and duplexes from $250,000–$400,000, plus green spaces and diverse community
Other notable mentions include Lee Ridge (10 listings, starter homes), Tamarack (43 listings, family-oriented), and MacEwan (30 listings, modern townhouses). These neighborhoods often feature homes with 3–4 bedrooms, 1,000–1,500 sq ft, and updates like vinyl plank flooring or quartz counters.
Types of Houses Available Under $400,000
In the $250k–$400k range, buyers can find diverse options:
- Single-Family Detached: Bungalows or bi-levels (e.g., 3 beds, 2 baths, ~1,200 sq ft) starting at $300,000 in areas like Rosenthal or Secord.
- Duplexes/Half-Duplexes: Ideal for multi-generational living; 512 duplexes citywide, many under $400k in Mill Woods.
- Townhouses/Row Homes: Affordable entry points (e.g., 2–3 beds) in new developments like Tamarack.
- Condos: For ultra-affordability, condos average $242k, but focus on attached homes for this guide.
Many listings include features like fenced yards, attached garages, and basements ready for suites—perfect for rental income.
Buying Tips for Edmonton Houses Under $400,000
- Get Pre-Approved: With a competitive market, secure financing early to stand out in multiple-offer scenarios.
- Focus on Inspections: Older homes (common under $400k) may need updates; budget for renovations.
- Consider Location: Prioritize neighborhoods with growth potential, like those near future LRT expansions.
- Work with Local Experts: At Yeg.Homes, our team can help scout hidden gems and negotiate.
- Timing: Spring/summer sees more listings, but winter might offer better deals due to less competition.
FAQs
- How many houses are for sale under $400,000 in Edmonton? Over 2,700 single-family homes citywide start below $400k, with concentrations in west and southeast areas.
- Is Edmonton affordable for first-time buyers? Yes, especially compared to other cities; expect 5–10% annual appreciation.
- What neighborhoods avoid for under $400k? Luxury areas like Windermere or Glenora often exceed this budget, with homes starting at $500k+.
- Can I find new builds under $400k? Absolutely—quick possessions in suburbs like Secord offer modern homes ready in 30–90 days.
Ready to explore Edmonton houses for sale under $400,000? Contact Yeg.Homes today for personalized listings and virtual tours. Your dream home in the $250k–$400k range awaits!
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