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.
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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).
Top 5 Most Affordable CTrain Stops for Houses
- Rundle: $248,750
- Franklin: $285,750
- Marlborough: $295,667
- Whitehorn: $308,500
- McKnight-Westwinds: $316,400
Top 5 Most Expensive CTrain Stops for Houses
- Sunnyside: $1,108,750
- 69 Street: $926,641
- Banff Trail: $808,806
- Sunalta: $806,942
- Downtown West / Kirby: $776,125
Top 5 Most Affordable CTrain Stops for Apartments
- Somerset-Bridlewood: $199,214
- Crowfoot: $206,125
- Anderson: $210,639
- Sunalta: $210,971
- 39 Avenue: $217,000
Top 5 Most Expensive CTrain Stops for Apartments
- 4 Street: $498,509
- 6 Street: $491,893
- 3 Street: $474,909
- 7 Street: $423,164
- 1 Street: $399,400