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Real Estate in Parkallen (Edmonton), Edmonton

Parkallen draws a distinctive mix of buyers: academics and researchers employed at the University of Alberta (less than a kilometre away), young families priced out of Garneau but still wanting walkable south-side living, and downsizers who want a mature tree-lined street without condo fees.

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Active listings

17

Median list price

$544,000

Avg list price

$632,124

Homes for Sale in Parkallen (Edmonton), Edmonton

Showing 5 of 17 active MLS® listings

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10955 72 Avenue, Edmonton

$449,900

10955 72 Avenue, Edmonton

1 and Half Storey · 2 bed · 2 bath · 1,077.37 sqft

11203 72 Avenue, Edmonton

$1,049,000

11203 72 Avenue, Edmonton

2 Storey · 3 bed · 4 bath · 2,537.61 sqft

6704 109 Street, Edmonton

$544,000

6704 109 Street, Edmonton

2 Storey · 3 bed · 4 bath · 1,238.72 sqft

11247 71 Avenue, Edmonton

$1,475,000

11247 71 Avenue, Edmonton

2 Storey · 3 bed · 4 bath · 2,884.32 sqft

10914 71 Avenue, Edmonton

$449,900

10914 71 Avenue, Edmonton

2 Storey · 3 bed · 4 bath · 1,119.46 sqft

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Buying in Parkallen (Edmonton)

Who fits here

Parkallen draws a distinctive mix of buyers: academics and researchers employed at the University of Alberta (less than a kilometre away), young families priced out of Garneau but still wanting walkable south-side living, and downsizers who want a mature tree-lined street without condo fees. The neighbourhood's compact 0.85 km² footprint means everything is close — the school, the community league park, and the 109 Street commercial strip. Single-family homes make up 81% of the housing stock, so buyers looking for detached ownership with a proper yard will find strong selection here. Investors are also active: the proximity to the U of A creates consistent rental demand for secondary suites and infill duplexes. If your priorities are walkability, established greenery, a true neighbourhood feel, and fast access to one of Canada's top universities, Parkallen warrants serious consideration.

Current market in the neighbourhood

Parkallen's market reflects its location premium. The median sold price sits and the average sold price, underpinned by steady demand from U of A staff, students' families, and south-side professionals. Over the past 12 months, homes changed hands, with properties averaging days on market — a pace that signals healthy but not frenzied demand. The sale-to-list ratio of indicates sellers are achieving close to asking, typical of well-located mature neighbourhoods with limited new supply. Active listings currently stand at 17, spanning a price range of. Average price per square foot is, reflecting the premium attached to proximity to the university and the neighbourhood's post-war character homes.

Commute and lifestyle

Parkallen's greatest lifestyle asset is its position: the University of Alberta main campus is a short walk or bike ride north, making it one of the few Edmonton neighbourhoods where a car is genuinely optional for U of A employees and students. ETS bus service runs along 109 Street and 111 Avenue, connecting residents to the broader transit network and the LRT system. Cyclists benefit from the proximity to the river valley trail network accessible via Whitemud Creek and the Saskatchewan River valley paths. Day-to-day errands are handled by the 109 Street corridor — grocery stores, cafes, and independent retailers are within easy reach. The Parkallen Community League operates one of the more active community halls on the south side, running year-round programming, a spray deck, basketball court, and a flooded ice rink in winter. The park's 'forest' grove, community garden, and sports fields make the central green space a genuine neighbourhood hub rather than just a patch of grass.

Long-term context

Parkallen's long-term value case rests on scarcity and proximity. The neighbourhood is essentially built out — bounded by 104 Street, 116 Street, Whitemud Drive, and 61 Avenue — so supply growth is limited to infill redevelopment on larger lots. That constraint, paired with a permanent demand anchor in the University of Alberta (Edmonton's largest single employer), creates a floor under prices that many other Edmonton neighbourhoods lack. Post-war bungalows on standard lots have attracted infill builders for over a decade, meaning buyers today can choose between renovated character homes and newer infill duplexes and semi-detached builds. The neighbourhood's population has grown steadily in recent municipal censuses, and the 49% mobility rate (residents who moved within the past five years) suggests active turnover rather than a stagnant market. For buyers with a five-plus-year horizon, Parkallen's combination of institutional demand, finite supply, and improving amenities along the 109 Street corridor supports a constructive appreciation outlook.

About Parkallen (Edmonton)

Overview

Parkallen is a mature, tree-lined residential neighbourhood in south Edmonton. Developed primarily after World War II in the late 1940s and 1950s, the area is celebrated for its tight-knit community spirit and park-like setting. With its quiet, curved streets and family-oriented atmosphere, Parkallen offers a tranquil suburban feel while remaining exceptionally close to inner-city amenities and the University of Alberta.

Location

Situated in south Edmonton's greater University area, Parkallen is bounded by 72 Avenue to the north, 61 Avenue to the south, 109 Street to the east, and 113 Street to the west. It lies immediately east of the University of Alberta South Campus and the Neil Crawford Centre, providing residents with straightforward commuter routes to Old Strathcona and the downtown core via 109 Street.

Housing character

The neighbourhood's real estate landscape is dominated by single-family detached homes, characterized heavily by charming post-war bungalows set on spacious lots with mature landscaping. While heritage 1950s architecture is prevalent, the area has also seen an influx of premium modern two-storey infill development. A smaller selection of low-rise apartments and duplexes can be found along the community's perimeter. Properties here reflect a highly desirable market positioning, with an average sold price and homes typically spending on the market.

Schools

Education in the neighbourhood is anchored by Parkallen School, an elementary school centrally located within the community that offers regular programming, a Chinese (Mandarin) Bilingual program, and specialized inclusive education. For older students, the area is conveniently served by nearby Allendale Junior High School and the highly regarded Strathcona High School.

Transit

Transit connectivity is a major advantage for Parkallen residents. The community is within a short walk, bike ride, or bus connection to the South Campus/Fort Edmonton Park LRT station. This light rail access provides a rapid, direct commute to the University of Alberta main campus, downtown Edmonton, and destinations further south. Arterial roads bordering the neighbourhood also host regular transit routes.

Shopping and dining

Though Parkallen is designed as a quiet residential enclave, it features a small, convenient commercial node near the centre of the neighbourhood. For more extensive shopping and dining, residents are only minutes away from the vibrant retail and culinary scene of Whyte Avenue in Old Strathcona to the north, as well as the major retail outlets and services at Southgate Centre just a short distance south.

Parks and recreation

Green space and outdoor activity are central to the neighbourhood's design. The community revolves around Ellingson Park and Violet Archer Park, which provide residents with playgrounds, basketball courts, and open fields. The highly active Parkallen Community League operates a community hall, an outdoor skating rink, and a popular community garden lovingly maintained by local volunteers.

Lifestyle

Parkallen offers an engaged, active, and inclusive lifestyle. The neighbourhood is highly sought after by academics, professionals, and families who value its safety, walkability, and strong sense of community. Residents enjoy year-round community league programming, from youth soccer and community gardening in the summer to the beloved annual Snowfest winter party.

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Frequently Asked Questions

Parkallen is predominantly a single-family neighbourhood — about 81% of dwellings are detached houses, most built between the late 1940s and 1960. You'll find classic post-war bungalows alongside a growing number of infill duplexes and semi-detached homes on redeveloped lots. Low-rise apartments make up the remaining 15% of the housing mix, offering entry-level options for buyers or investors.

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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 generated by an automated valuation model using publicly available data, including municipal property assessments. It is a general estimate only, not an appraisal.

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 September 22, 2026 at 2:00 am (America/Edmonton)