St. Albert, located just northwest of Edmonton in Alberta, Canada, is a charming city known for its family-friendly atmosphere, beautiful green spaces, and rich community events. With a population of around 65,000, it's a popular choice for those seeking a balance between suburban tranquility and urban convenience. The real estate market here offers a variety of options, from modern condos to spacious single-family homes, making it accessible for first-time buyers, young families, and downsizers.
In August 2025, the St. Albert housing market remains competitive, with median list prices around $550,000. However, there are still plenty of opportunities for budget-conscious buyers, with homes under $500,000 representing a significant portion of the inventory. These affordable properties often include condos starting as low as $108,500 and entry-level detached homes in the mid-$400,000s.
St. Albert stands out for its commitment to quality of life, featuring extensive parks, trails along the Sturgeon River, and annual festivals like the Northern Alberta International Children's Festival. Proximity to Edmonton provides easy access to jobs, shopping, and amenities, while local schools and healthcare facilities make it ideal for families. For buyers under $500,000, the city offers value in mature neighborhoods with tree-lined streets and newer developments with modern features.
As of August 2025, there are approximately 201 homes for sale in St. Albert under $500,000, ranging from cozy condos to spacious townhouses and entry-level single-family homes. This inventory includes a mix of property types, with prices influenced by location, size, and condition.
Single-family homes under $500,000 in St. Albert typically start in the mid-$400,000 range and offer 3-4 bedrooms, making them suitable for growing families. These often include bungalows or two-storey homes in established areas like Forest Lawn or Braeside, featuring yards, garages, and proximity to parks. Entry-level detached homes provide around 1,500-2,000 square feet, with features like updated kitchens and basements.
Examples of neighborhoods with such listings include:
For more budget-friendly options, condos and townhouses dominate the under-$500,000 segment. One-bedroom condos start between $110,000 and $199,000, while townhouses range from the mid-$200,000s to $399,000, offering 2-3 bedrooms and low-maintenance living. These properties are ideal for first-time buyers or investors, often located in complexes with amenities like gyms or pools.
Popular types:
New listings add excitement to the market, with fresh properties often selling quickly. In the past month, St. Albert has seen about 35 new homes listed, many under $500,000. These include recently added condos and townhouses in emerging neighborhoods. New constructions offer 344 options under $500,000, focusing on energy-efficient designs and modern layouts.
To spot new listings:
Neighborhoods in St. Albert for Affordable Homes
St. Albert boasts diverse neighborhoods, each with unique appeal for buyers under $500,000.
These areas provide easy access to public transit, shopping, and recreational facilities like the Sturgeon River trails.
Navigating the St. Albert market requires preparation, especially in the affordable segment where competition can be high.
How Many Homes Are Available Under $500,000 in St. Albert?
As of August 2025, there are around 201 listings under $500,000, including a mix of houses, condos, and townhouses.
What Is the Average Price for a Condo Under $500,000?
Condos typically range from $110,000 to $199,000 for one-bedroom units, offering great entry points into the market.
Are There New Construction Homes Under $500,000?
Yes, there are 344 new home options under $500,000, focusing on modern, efficient designs.
Is St. Albert a Good Place for First-Time Buyers?
Absolutely, with affordable options, strong community support, and proximity to Edmonton, it's an excellent choice for newcomers.
For the latest details and to view specific listings, consult Yeg.Homes real estate professionals.