Elmwood Park Homes under $500,000

Welcome to Elmwood Park, a hidden gem nestled in the vibrant city of Edmonton, Alberta. This charming community offers a perfect blend of suburban tranquility and urban convenience, making it an ideal place for families, young professionals, and retirees alike. With its tree-lined streets, friendly neighbors, and abundant green spaces, Elmwood Park exudes a welcoming atmosphere that makes everyone feel at home.

One of the standout features of Elmwood Park is its accessibility to essential amenities. Residents enjoy proximity to schools, parks, shopping centers, and recreational facilities, ensuring that everything you need is just a short drive or walk away. The community is also well-connected to public transportation, making commuting to downtown Edmonton a breeze.

For those looking to settle in Elmwood Park without breaking the bank, the housing market offers a variety of options under $500,000. Here, you can find charming single-family homes, cozy bungalows, and modern townhouses, each with its unique character and charm. Many of these homes feature spacious yards, perfect for family gatherings or enjoying a quiet afternoon in the sun.

As you explore Elmwood Park, you’ll discover a community that values connection and quality of life. With its rich history, diverse population, and strong sense of community spirit, Elmwood Park is not just a place to live; it’s a place to thrive. Come and experience the warmth and vibrancy of Elmwood Park—your new home awaits!

Newest Elmwood Park Homes under $500,000

Courtesy of Dustin Batuik of Sterling Real Estate.

$449,900

6 Beds ⋅ 2 Baths ⋅ E4512089 MLS® # ⋅ Dustin Batuik

CORNER LOT with an 1,135 Sq.Ft RAISED Suited Bungalow *** 50 x 150" Lot *** RM (Medium Scale Residential) zoned whic allows for multi-unit residential development ranging from approximately 4 to 8 storeys. This property features a a legal Secondary Suite home that has an existing 3 bedroom Up & 3 Bedroom Down suite arrangement. Total Revenue between up & down totals $3,525/Month. Property has various upgrades including TWO Brand New Furnaces (2025), Hot water Heater, Vinyl floors, Kitchen updates and a Water Proofed basement worth $50,000 (2013). The property also has a Double Detached Garage & a Long term Upstairs tenant who caretakes the property. The zoning also allows for Daycare Services & other professional / commercial uses. This property maintains a Positive Cash flow & has a Coveted High Density Lot size & Zoning

8108 124 Avenue, Edmonton

Courtesy of Jeremy Desjardins Guillemette of Exp Realty.

$84,000

2 Beds ⋅ 1 Baths ⋅ E4511871 MLS® # ⋅ Regency Court BLDG. ⋅ Jeremy Desjardins Guillemette

INVESTORS & FIRST-TIME BUYERS, TAKE NOTE! Welcome to Regency Court in Elmwood Park! This FULLY RENOVATED 2-bedroom, 1-bathroom CORNER UNIT offers incredible value and opportunity. Bright and inviting, it features modern laminate and tile flooring, a stylish kitchen with stainless steel appliances, built-in dishwasher, contemporary fixtures, fresh paint, custom window coverings, and in-suite storage. Quietly tucked at the back of the building, this east-facing unit offers quick access to Yellowhead Trail, Wayne Gretzky Drive, NAIT, MacEwan University, Downtown, and the River Valley. Building updates include high-tech laundry machines, a newer water heater, and a new surveillance system. A fantastic opportunity to add to your investment portfolio or get into the market! DON'T MISS OUT!

12223 82 Street Unit 203, Edmonton

Courtesy of Shirley E Williams of Royal Lepage Premier Real Estate.

$250,000

2 Beds ⋅ 1 Baths ⋅ E4510997 MLS® # ⋅ Shirley E Williams

This is an excellent opportunity for investors, developers, and buyers looking to build in a desirable location. This approximately 820 sq. ft. bungalow offers 3 bedrooms, 1 bathroom with large walk in shower and sits on a generous 80 ft. x 80 ft. CORNER lot, providing significant potential for future redevelopment. Inside there is laminate flooring, a good size kitchen with stainless steel appliances and lots of cupboards. Fully fenced yard

12245 81 Street, Edmonton

Courtesy of Tatum Fitton of ComFree.

$349,900

3 Beds ⋅ 1 Baths ⋅ E4509213 MLS® # ⋅ Tatum Fitton

Welcome to 12225 81 Street NW, a 3-bedroom, 2-bathroom bungalow situated on a fully fenced corner infill lot in an established Edmonton neighbourhood. The home offers a functional single-level layout with comfortable living spaces and flexible bedroom options for family, guests, or a home office. The spacious backyard provides plenty of room to enjoy the outdoors, featuring a generous lawn area, dedicated garden space, storage sheds, and room for outdoor seating or entertaining. A heated detached double garage adds year-round convenience, while the corner lot provides additional space and an open feel. Conveniently located close to schools, shopping, amenities, and major routes.

12225 81 Street, Edmonton

Courtesy of Daniela Palazzo of Grand Realty.

$385,990

2 Beds ⋅ 1 Baths ⋅ E4508795 MLS® # ⋅ Daniela Palazzo

RARE INVESTMENT OPPORTUNITY!! Set on a massive 65 x 150 ft. lot (approx. 908 sq. m.) along a beautiful, tree-lined street, this property offers an outstanding opportunity to secure a substantial parcel of land with exciting future development potential. Not ready to develop yet? No problem - the property is currently rented, and the tenants are willing to stay, offering the potential for rental income while you plan your future development. The home has a good-sized kitchen, spacious bedrooms and a large living room with original hardwood under the laminate. It also offers potential for those looking to take on a fixer-upper project. The property also features a spacious double detached garage plus ample street parking. Ideally located close to shopping, schools, parks and the Yellowhead, offering convenient access for commuters travelling throughout the city. Being sold as-is, where-is, with the lot primarily being sold for its land and development potential.

12345 79 Street, Edmonton

Courtesy of Jason C Hilborn of REMAX River City.

$329,900

3 Beds ⋅ 2 Baths ⋅ E4506296 MLS® # ⋅ Jason C Hilborn

Charming renovated bungalow in Elmwood Park! This home features a gorgeous modern main floor with vinyl windows, wide plank flooring, pot lighting, and more. The stylish kitchen offers grey soft-close cabinets and drawers, a tiled backsplash, beautiful quartzite counters, and quality appliances. Upstairs you’ll find two large bedrooms and a stunning bathroom complete with a faux stacked stone feature wall, clawfoot tub, modern fixtures, quartzite-topped vanity, and more. The fully finished basement includes a 4-piece bath, spacious den, rec room, and a huge additional room with window. Additional updates include newer furnace and A/C, a double detached garage, and a fully fenced yard.

12423 75 Street, Edmonton

Start Your Search

MLS® System Data is made available from the REALTORS® Association of Edmonton. 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. Data was last updated .

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Elmwood Park Homes under $500,000

Newest Elmwood Park Homes under $500,000

How much is your home worth?

How much is your home worth?