How exactly does a home within a short walking distance from a CTrain station fair in prices? What is the allure in Calgary with being near a rail transit line?
A new report by Zoocasa examined the average 2019 sold prices for both houses and condominiums within an 800-metre radius — approximately a 10-minute walk — of all 45 CTrain stations between January 1 and April 30 of this year.
Based on the data, the Northeast offers the greatest value for buyers seeking to purchase a house near the transit line, with Rundle Station topping the list with an average home price of $248,750, followed by Franklin at $285,750, and Marlborough at $295,667.
The most expensive houses near CTrain stations were in several neighbourhoods within the inner city, with Sunnyside near downtown being the most expensive with an average price of $1.109 million. This is followed by 69 Street ($926,641) and Banff Trail ($808,806), which is also near McMahon Station and the University of Calgary.
When it comes to affordable condominiums, Somerset-Bridlewood has the most affordable units with an average of $199,214, followed by Crowfoot at $206,125, and Anderson at $210,639.
Unsurprisingly, the most expensive condominiums are within the downtown core: 4 Street station takes the top spot at an average of $498,509, followed by 6 Street ($491,893), and 3 Street ($474,909).