Crestwood is an esteemed neighbourhood in West Edmonton that holds a reputation for one the most stunning communities in the capital region. With panoramic river valley views, mature tree-lined streets, and immaculately maintained single-family homes, this overwhelming appeal is easily understood! In addition to beautiful homes, Crestwood boasts exceptional amenities and a convenient location, making it ideal for active families looking for the ideal high-end neighbourhood to call home.
Crestwood Community Profile
Crestwood came into existence towards the end of the Second World War, during a time when there was an unprecedented demand for single-family homes in Edmonton. Consequently, most real estate opportunities within the community consist of detached residences, with most of them being built between the mid-1940s and early 1960s.
Crestwood is famously knowns as “Candy Cane Lane,” one of Edmonton’s most celebrated Christmas traditions. Having started in 1968, this annual event has been running for over 50 years and features an extensive number of festively decorated homes, sleigh rides, food trucks and more.
Previously referred to as the “Capital Hill” and the “Jasper Place” subdivisions during the 1950s, City Council encouraged residents to vote on a new name. Crestwood was the result.
Price Range and Housing Stock
Crestwood's collection of single-family homes are renowned for their spacious lots, well-established landscaping, and diverse range of architectural styles. This versatility ensures that the neighbourhood's detached residences cater to a wide range of preferences and lifestyles. From charmingly renovated bungalows and split-level properties to ranch-style and two-story houses, there is something to suit everyone's taste.
The area commonly features post-war bungalows, characterized by an average of four bedrooms, two bathrooms, and upgraded living spaces spanning around 1,200 square feet. However, in recent times, older residences are slowly being replaced with modern infill homes. These expertly crafted and designed contemporary properties grant aspiring homeowners in Edmonton the best of both worlds, combining the benefits of new construction with the appeal of an established neighbourhood.
Are you considering an infill home? Check out our latest guide: Edmonton’s Top Infill Communities
Being one of the more affluent communities in the city, Crestwood is known for its higher-priced homes compared to the Edmonton average. While there are smaller starter-sized homes available in the neighbourhood starting around $350,000, median prices typically begin in the mid to high $900s. Many properties in Crestwood enter the market with price tags exceeding $1 million. The area also boasts the presence of grander luxury homes. Equipped with four bedrooms, bathrooms, and around 2,500 square feet, these larger properties can be priced as high as $2 or $3 million.
While single-family homes dominate Crestwood, there is a limited number of low-maintenance apartments located near Crestwood Park and playground. It's worth noting that almost all residences within the neighbourhood are owner-occupied.
Standard Luxury Features
In Crestwood, age doesn't translate to outdated homes. Instead, most residences have undergone significant renovations to offer buyers a plethora of high-end upgrades. These include energy-efficient appliances and systems, open floor plans, new countertops, cabinetry, and flooring, luxurious five-piece ensuites, finished basements, and various other modern features.
Other luxury finishes known to be featured in Crestwood homes include:
- Wine rooms
- Home gyms
- Chef’s kitchens
- Butler’s pantries
- Flex rooms/dens
- 20-foot ceilings
- Spacious walk-in closets
- Natural and/or engineered hardwood flooring
- Natural stone countertops
- Formal dining rooms
- Glass staircases
- Built-in cabinetry
- Entertainment centres
- In-floor heating
- Central vac
- Rec rooms
- Wet bars
- Four season rooms
- Wood burning stone fireplaces
- Vaulted and coffered ceilings
- Oversized windows and ample natural light
- Convenient mudrooms
- Wainscotting and shiplap accents
- Roof-top patios
- Double oversized garages
- RV parking
- Hot tubs
- Outdoor entertainment spaces
- Underground sprinkler systems
- Professional/mature landscaped front and rear yard spaces
- Panoramic river valley views (depending on location)
Local Amenities Near Crestwood
Crestwood is a paradise for those who appreciate the outdoors, thanks to its remarkable location. In this area, can access numerous outdoor amenities, such as the extensive river valley trail system, Buena Vista Park, MacKinnon Ravine Park, and Hawrelak Park.
In addition, this area is conveniently situated near the Edmonton Valley Zoo and offers various local conveniences. These include two schools, local shops and services, and a community league. The Crestwood Community League, a long-standing community institution, organizes numerous family-oriented events and programs throughout the year, including tot time, fitness workshops, sports programs, Green Shack programs and a wide range of other activities.
Other popular amenities in and around Crestwood include:
- Crestwood Centre (home to Happy and Olive, Allegro Italian Kitchen, Delux Burger Bar, Cobs Bread, etc.)
- Emily Murphy Park
- Fort Edmonton Park
- Hawrelak Off-Leash Dog Park
- Jasper Place Fitness and Leisure Centre
- Mayfield Common
- Meadowlark Health and Shopping Centre
- Misericordia Community Hospital
- Peter Hemingway Fitness and Leisure Centre
- Rebel Food and Drink
- Royal Mayfair Golf Club
- Terra Losa Shopping Centre
- Victoria Golf Course
- West Edmonton Mall
- Whitemud Park
Lastly, Crestwood is conveniently located within a quick 15-minute drive from city centre. Bordered by 149th Street to the west, residents can also enjoy a smooth commute to both the broader City of Edmonton and the capital region using nearby Stony Plain Road and Whitemud Drive.
*Average prices subject to change based on current real estate inventory
Are you considering buying a luxury home in Edmonton? As one of Edmonton’s leading real estate teams, the Terry Paranych Real Estate Group has the skills, professionalism, and experience to find the perfect high-end home to match your distinct tastes and lifestyle. For more information, don’t hesitate to get in touch with us.
Photo credits: shutterstock.comPosted by Terry Paranych on