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Homes for Sale in Canon Ridge, Edmonton

Canon Ridge attracts buyers who want genuine river valley access without overpaying for it.

Active listings

19

Median list price

$185,000

Avg list price

$255,811

Homes for Sale in Canon Ridge, Edmonton

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Buying in Canon Ridge

Who fits here

Canon Ridge attracts buyers who want genuine river valley access without overpaying for it. The neighbourhood sits on the edge of the North Saskatchewan River valley in northeast Edmonton, giving residents a rare combination: ravine and trail access that most inner-city buyers chase at a steep premium, at price points that remain accessible to first-time buyers and value-focused investors. The housing mix skews diverse — roughly a third single-family homes, a third low-rise condos, and a quarter row houses — meaning buyers at different budget levels and life stages can find a fit. Owner-occupiers make up about two-thirds of the neighbourhood, which speaks to genuine community rootedness. Buyers who commute downtown or to the university benefit from Belvedere LRT station sitting just west of the neighbourhood, making car-optional living realistic. This neighbourhood suits buyers who prioritize trail access, transit convenience, and value over prestige-address cachet.

Current market in the neighbourhood

Canon Ridge is a compact neighbourhood of roughly 1,080 dwellings spanning just over half a square kilometre — small enough that inventory moves quickly when priced right. The housing diversity here means the market segments meaningfully: detached homes, row houses, and low-rise condo units each trade in distinct price bands. The median sold price in Canon Ridge currently sits, with the average days on market running. Over the past 12 months, properties changed hands in the neighbourhood. The sale-to-list ratio of reflects how tightly the market is pricing relative to ask. Active listings at any given time are typically limited — currently 19 — which keeps competition real for well-priced homes. Buyers looking at price per square foot should benchmark against for the area.

Commute and lifestyle

Canon Ridge is bounded by Victoria Trail to the west, Yellowhead Trail to the south, Kennedale Ravine to the north, and the North Saskatchewan River valley to the east — which means the neighbourhood is essentially wrapped in green space on two sides. Kennedale Ravine is a natural off-leash corridor that feeds into the broader River Valley trail network, giving residents year-round access to walking, running, and cycling paths without getting in a car. Canon Ridge Park sits within the neighbourhood itself, providing a local gathering point for families. For transit, Belvedere LRT station is the key asset — it provides direct connections west toward downtown, Northlands, and Commonwealth Stadium, making the daily commute genuinely feasible without a vehicle. The Yellowhead Trail (Highway 16) on the southern boundary also gives drivers quick access east toward Sherwood Park or west toward the Henday.

Long-term context

Canon Ridge was largely built out through the 1980s, which means the housing stock is mature — homes in the 35-to-45-year range that have typically seen at least one renovation cycle. The neighbourhood experienced meaningful population growth in the early 2010s, gaining nearly 18% in population between 2009 and 2012, a signal of renewed demand in an established area. Northeast Edmonton broadly has benefited from LRT investment, and Belvedere station's presence anchors long-term transit accessibility for the neighbourhood. The Kennedale Ravine corridor has been identified in Edmonton's planning documents as a natural walkway connection to the River Valley — a public amenity that tends to support property values in mature neighbourhoods. For buyers willing to look past surface finishes and invest in updating 1980s stock, Canon Ridge offers a combination of river valley adjacency and LRT access that is difficult to replicate at similar price points elsewhere in the city.

About Canon Ridge

Overview

Canon Ridge is a scenic, nature-friendly neighbourhood in northeast Edmonton's Hermitage area. Named after Anglican minister Canon William Newton, the community was largely developed in the 1980s and offers an affordable, active lifestyle right along the edge of the North Saskatchewan River valley. With properties spending an average of on the market, it provides an accessible entry point for many home buyers.

Location

Tucked into a quiet corner of northeast Edmonton, Canon Ridge is bounded by the Kennedale Ravine to the north, the North Saskatchewan River valley to the east, Yellowhead Trail to the south, and Victoria Trail to the west. This geographic positioning allows for a secluded, nature-adjacent feel while still maintaining rapid commuter access to the rest of the city.

Housing character

The real estate landscape in Canon Ridge is highly affordable and dominated by low-rise apartment-style condominiums, which make up roughly 40 percent of the market. Townhomes and a mix of single-family detached houses round out the neighbourhood. The average sold price makes it an appealing destination for first-time buyers and downsizers alike, with strong buyer interest reflected in a sale-to-list ratio.

Schools

Families in Canon Ridge are well-served by nearby educational institutions. Overlanders School is the designated public elementary (K-6), and Edmonton Public Schools provides dedicated yellow bus service directly from the neighbourhood. Older students typically attend John D. Bracco School for junior high and Eastglen School for high school, while Catholic options like St. Maria Goretti are also easily accessible.

Transit

Commuting is highly convenient thanks to the immediate proximity of Yellowhead Trail and Victoria Trail. For public transit users, the neighbourhood is just a short bus ride away from the Belvedere LRT station on the Capital Line, offering a seamless and rapid connection to Edmonton's downtown core, the University of Alberta, and destinations further south.

Shopping and dining

While Canon Ridge itself is primarily a quiet residential enclave, everyday essentials and dining options are just minutes away. Residents can easily access the commercial plazas along Victoria Trail, the nearby Abbotsfield Mall, or take a short drive north to Clareview Town Centre for big-box retailers, major grocery stores, and a wide variety of restaurants.

Parks and recreation

Outdoor recreation is one of the neighbourhood's biggest draws. The community is anchored by Canon Ridge Park, featuring expansive green space and a beloved winter-themed playground. Just to the east lies the massive Hermitage Park, offering several kilometres of paved and natural walking trails, a large off-leash dog park, picnic sites, and a fully stocked trout pond for fishing.

Lifestyle

The lifestyle in Canon Ridge is defined by its deep connection to the outdoors and a relaxed, suburban pace. It is an ideal community for active individuals and families who want immediate access to river valley trails, winter sports at the nearby Sunridge Ski Area, and affordable condo living. With homes sold in the last 12 months, it attracts a steady stream of residents who value both nature and urban convenience.

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Frequently Asked Questions

Canon Ridge has a genuinely diverse housing mix. Roughly 30% of the neighbourhood is single-family detached homes, about 39% are apartment-style condominiums in low-rise buildings, and 28% are row houses. This variety means buyers at different price points — from first-time condo buyers to families looking for a detached home — can find options in the same neighbourhood.

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.

Copyright 2026 by the REALTORS® Association of Edmonton. All Rights Reserved.

The MLS® System Data is made available from the REALTORS® Association of Edmonton.

Days on hômm and market statistics values are calculated by hômm based on values provided in the REALTORS® Association of Edmonton listing data feed.

Mortgage values are calculated by hômm and are provided for estimate purposes only.

The hômm Estimate is calculated by instantestimate.house and is provided as a general estimate only.

Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®).

*Sold date and price are as reported on the RAE's MLS® system.

Listing information last updated on April 25, 2026 at 6:00 pm (America/Edmonton)