Edmonton's Most Expensive Neighbourhoods: $1M to $7M
Crestwood, Westbrook Estate, Windsor Park, and the other addresses where Edmonton's luxury market lives. Real prices from real listings.
✅ Key Takeaways:
- Crestwood: $2.98M median, ultra-luxury builds, river valley
- Westbrook Estate: $7M ceiling (Tollwood Manor), legacy estates
- Windsor Park: Fastest luxury sales at 19 DOM
- Windermere: Most inventory (62 listings), award-winning builders
Where the $2M+ Homes Are
Edmonton's luxury market is concentrated in a handful of neighbourhoods, most of them bordering the North Saskatchewan River Valley or Whitemud Creek Ravine. These are not interchangeable. Each has a distinct character, price range, and buyer profile.
Crestwood: $2.98M Median List
19 active listings. The highest concentration of ultra-luxury new construction in Edmonton. Crestwood sits along the river valley with builders like Rimrock Elevations and AB Design producing custom estates with features like 7-car drive-under garages, underground golf simulators, and elevators.
The active range runs from $1.1M for infill lots to $4.95M for finished estates on 6,800-9,000 sqft lots. Original 1950s bungalows still appear but they are increasingly torn down for custom builds. The 67-day median DOM reflects the price tier: buyers at this level take their time.
Westbrook Estate: Home of the $7M Listing
9 active listings at $1.77M median. This is Edmonton's original prestige enclave, built along the Whitemud Creek Ravine near the Derrick Golf and Winter Club. Lots approach one acre. Trees are mature. Streets are cul-de-sacs.
The anchor listing is "Tollwood Manor" at 108 Westbrook Drive: a 17,500+ sqft English Tudor with an indoor pool, 4-storey elevator, 2 hot tubs, and 12 parking spaces, listed at $7M. That is the most expensive residential listing in Edmonton.
Windsor Park: Fastest Luxury Sales (19 DOM)
19 active listings at $1.5M median list, $980K median sold. Windsor Park sells faster than any other luxury neighbourhood at 19 days median DOM. The neighbourhood is bordered by the University of Alberta and the river valley, making it uniquely walkable to campus, Whyte Avenue, and the trail system.
This is where academics, medical professionals at the U of A Hospital, and executives buy. The $4.49M ceiling listing and the solar-powered estates with Wolf gas ranges show the range.
Cameron Heights: Ravine Walkouts ($1.95M Median)
13 active listings. Cameron Heights is defined by walkout estates backing the Whitemud Creek Ravine in southwest Edmonton. The $4.99M listing features a 6-bedroom custom home with soaring rotunda ceilings, home theatre, gym, and a 3-way fireplace in the primary suite.
At 74 DOM, this is the slowest-selling luxury neighbourhood. Buyers here are patient and selective. If you can wait, there is room to negotiate.
Parkview: Deepest Luxury Inventory
49 active listings at $1.13M median. The widest range of any luxury neighbourhood, from $829K for a 1958 bungalow to $8M for a river valley estate. Parkview directly borders the North Saskatchewan at 142 Street with sweeping views and trail access. Many listings are older homes on large lots being sold to luxury builders for tear-down and rebuild.
Windermere: New Build Luxury
62 active at $1.17M median list. Windermere is southwest Edmonton's modern luxury hub with the most active inventory of any neighbourhood. Award-winning builders like Vicky Homes produce 6,500+ sqft estates in the WestPointe Estates area. The Windermere Golf and Country Club and Currents shopping district round out the lifestyle.
Recent High-End Sales
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The Bottom Line
| Neighbourhood | Median List | DOM | Character |
|---|---|---|---|
| Crestwood | $2.98M | 67 | Ultra-luxury new builds, river valley |
| Westbrook Estate | $1.77M | 52 | Legacy estates, $7M ceiling |
| Windsor Park | $1.50M | 19 | U of A, fastest sales |
| Cameron Heights | $1.95M | 74 | Ravine walkouts, most patient market |
| Parkview | $1.13M | 37 | Deepest inventory, wide range |
| Windermere | $1.17M | 23 | New construction, most listings |
Listings update automatically from live MLS data.
🎯 The Bottom Line: Crestwood ($2.98M) for the ultimate, Windsor Park ($1.5M) for the fastest sales, Parkview ($1.13M) for the deepest inventory, Windermere ($1.17M) for new construction. All luxury roads lead to the river valley.
Frequently Asked Questions
What is the most expensive neighbourhood in Edmonton? Crestwood at $2.98M median list price. Westbrook Estate has the single most expensive listing at $7M (Tollwood Manor).
Where do homes sell fastest in the luxury market? Windsor Park at 19 days median DOM. The U of A proximity and river valley access keep demand high.
Can I buy luxury on a $1M budget? Yes. Parkview has listings from $829K. Windermere starts around $800K for smaller lots. Both are in established luxury corridors.
Is Edmonton luxury real estate a good investment? Edmonton luxury appreciates slowly (2-4% annually) but consistently. The market is less volatile than Toronto or Vancouver. Buy for lifestyle, not speculation.
Which luxury neighbourhood has the best river valley access? Parkview (direct frontage at 142 Street) and Crestwood (western edge along the valley). Both offer trail access from the property.