The established West Edmonton neighbourhood of Parkview is regarded as one of the most beautiful communities in the capital region – and it’s not hard to see why! Offering breathtaking river valley views, mature tree-lined streets and immaculate single-family homes, this prestigious community features some of the city’s most coveted amenities and residential real estate opportunities.

Community Profile 

Parkview was first established at the end of the Second World War, when the demand for single-family homes in Edmonton reached an all-time high. As a result, detached residences account for almost all real estate opportunities within the community – most having been constructed between the mid-1940s and early 1960s.

Covering roughly 155 hectares of open green space, Parkview is considered one of Edmonton’s largest neighbourhoods, encompassing a vast portion of the North Saskatchewan River Valley. Featuring a modified grid street network (allowing for easy pedestrian movement), the community is also celebrated for its quiet, park-facing avenues and easy accessibility.

Aptly named, “Parkview” is defined by park space and natural beauty. A portion of the neighbourhood located east of 142nd Street was once referred to as “Valleyview” and encompassed what was then called the Buena Vista subdivision. Many of Parkview’s high-end luxury homes can be found in the community’s east end.

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Price Range and Housing Stock 

Parkview’s single-family homes are known for their large lots, mature landscaping, and an array of architectural styles. As such, the neighbourhood’s detached residences are incredibly versatile and well suited to a broad range of tastes and lifestyles. These include everything from quaint renovated bungalows and split-level properties to ranch-style and two-story homes. Post-war bungalows are especially common in the area, featuring an average of four bedrooms, two bathrooms and 1,200 square feet of upgraded living space.

Recently, many of the area’s older residences have given way to modern infill homes. Expertly crafted and designed, these contemporary properties offer Edmonton buyers the best of both worlds when it comes to a new construction home in an established neighbourhood.

Are you considering an infill home? Check out our latest guide: Edmonton’s Top Infill Communities

As one of the city’s more affluent communities, homes in Parkview tend to price higher than the Edmonton average. Though smaller, starter-sized homes within the neighbourhood may start as low as $350,000, median prices begin in the mid to high $800s – with many properties entering the market above the $1 million mark. The area’s most expensive luxury homes, equipped with four bedrooms and bathrooms and 2,500 square feet, may be priced as high as $2 or $3 million.

Though single-family homes reign supreme in Parkview, the community features a minimal number of low-maintenance townhomes adjacent to the Parkview Park and playground. Nearly all residences within the neighbourhood are owner-occupied.

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Standard Luxury Features 

Despite their age, Parkview homes are anything but outdated. Instead, most residences have been renovated to provide buyers with a wealth of high-end upgrades, including energy-efficient appliances and systems, open floor plans, new countertops, cabinetry and flooring, luxury five-piece ensuites, finished basements and more.

Other luxury finishes known to be featured in Parkview 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
  • Saunas
  • 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)
  • Etc.

Local Amenities

Thanks to its exceptional location, Parkview is an outdoor lover’s delight. Here, residents enjoy having countless outdoor amenities within their reach, including the expansive river valley trail system, Buena Vista Park, MacKinnon Ravine Park and Hawrelak Park.

The area also sits within close proximity to the Edmonton Valley Zoo and boasts several local amenities, including two schools, a centrally located shopping district and an active community league. A staple in the community, the Parkview Community League hosts several family-oriented events and programs throughout the year such as preschool and kindercare, tot time, brownies, indoor and outdoor soccer, karate and more.

Other popular amenities in and around Parkview include: 

Parkview Designated Public Schools: Parkview Elementary/Junior High SchoolRoss Sheppard High School

Parkview Designated Catholic Schools: St. Paul Catholic Elementary SchoolSt. Rose Catholic Junior High SchoolSt. Francis Xavier Catholic High School

Last but not least, Parkview sits less than 15-minutes from vibrant downtown Edmonton. Defined by 149th Street to the west, locals can also look forward to a streamlined commute to both the greater City of Edmonton and the capital region via 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

We also invite you to take advantage of our free luxury buyer’s resources below: 

Our Exclusive Luxury Real Estate Listings: Explore Edmonton’s latest luxury listings according to property type: 

The Terry Paranych Group Dream Home Finder: Make your new luxury home dream a reality with the help of our personalized Dream Home Finder.


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