When looking for a new home, affordability often tops the list of priorities. Sherwood Park is a vibrant community with diverse housing. Its neighbourhoods have affordable homes that don’t compromise on the quality of life.
Below, we explore some of the most affordable neighbourhoods in Sherwood Park based on their average house prices and what they offer.
What Are The Most Affordable Neighborhoods In Sherwood Park?
Centennial Village
Centennial Village, in northwest Sherwood Park, is a budget-friendly gem. The average home for sale in Centennial Village, Sherwood Park is $317,840. This neighborhood has condos and affordable homes ideal for single-family dwellings. Its location is strategic. It is near essential amenities and services. So, it is a convenient choice for new homeowners.
Woodbridge Farms
Next on the list is Woodbridge Farms, where the average house for sale in Woodbridge Farms, Sherwood Park stands at $328,569. This community is known for the cheapest row houses in Sherwood Park. It is in a serene area. It offers a peaceful, accessible home. Parks, schools, and shops are nearby.
Strathcona Village
Positioned at the heart of Sherwood Park, Strathcona Village offers affordability and convenience. The average price of homes for sale in Strathcona Village, Sherwood Park is $339,867. The neighborhood is mostly condos that are livable. Its central location gives residents easy access to transport, shops, and parks.
Durham Town Square
Durham Town Square, at the center of Sherwood Park, offers an affordable option. the average home price for Durham Town Square, Sherwood Park is $402,575. The neighborhood mainly has affordable, single detached homes. It’s ideal for families wanting spacious living. Proximity to commercial hubs and schools adds to its appeal.
Emerald Hills
Emerald Hills, in northeast Sherwood Park, offers affordable, diverse homes. This neighborhood has an average house price of $440,901. It offers both single detached homes and condos. The area has a good design. It is near shops, parks, and hospitals.
Sherwood Heights
For those looking in the southwest part of Sherwood Park, Sherwood Heights is a fantastic option. The Sherwood Heights neighborhood has an average house price of $444,000. It has affordable single detached homes, perfect for families. Its location gives easy access to schools, parks, and major roads. It’s perfect for families who value convenience.
It is possible to find an affordable home in Sherwood Park. Multiple neighborhoods offer various-priced housing options. Sherwood Park’s diverse communities have options for every budget and lifestyle. They include condos, row houses, and single detached homes.
Pros And Cons Of Each Neighborhood
Sherwood Park has affordable neighborhoods, but each has limits. When choosing your next home, consider the downsides. These include accessibility, proximity to establishments, and other factors.
Centennial Village
Accessibility: Centennial Village is in northwest Sherwood Park. It may not suit those who work or travel to the town’s central or southern parts.
Proximity: It’s near some amenities. But, it lacks closeness to larger commercial hubs, mainly in Edmonton. So, residents must drive a bit for shopping and dining.
Road Noise: Some parts of Centennial Village are near major roads. They may have higher road noise, affecting the neighborhood’s tranquility.
Edmonton Commute: Although commuting to Edmonton is feasible, it may require a bit more time and planning due to its less central location.
Woodbridge Farms
Access: Woodbridge Farms’ location can challenge those needing quick access to the highways. It is somewhat tucked away from the main roads.
Establishments: The area is quieter and more residential. So, there are fewer entertainment and dining options within walking distance.
Public Transport: Limited public transport options in the area may necessitate owning a car for easier commuting.
Edmonton Commute: It’s easy to reach Edmonton, but peak-hour traffic can slow you down.
Strathcona Village
Central Location: Strathcona Village is central. This can mean more congestion and higher traffic, especially at peak hours.
Noise: Being in the heart of Sherwood Park, there’s more road noise and urban bustle. This might detract from the peace some residents seek.
Parking: Parking can be a bit of a challenge due to the central location and higher density of housing units like condos.
Edmonton Commute: Its central location makes commuting to Edmonton easier. But, traffic can be a problem.
Durham Town Square
Traffic: Like Strathcona Village, Durham Town Square’s central location causes rush hour traffic.
Noise Levels: The busy activity at the center can raise noise levels. This may not suit families seeking a quieter environment.
Commercial Proximity: Its closeness to commercial areas can feel too commercial. Some families might prefer a purely residential feel.
Edmonton Commute: Commutes to Edmonton are convenient but may be delayed by traffic in central Sherwood Park.
Emerald Hills
Distance: Emerald Hills is in northeast Sherwood Park. It can feel isolated for those working or studying in the town’s central or southern areas.
Traffic Flow: The area is still developing. So, there may be construction and less-than-ideal traffic compared to more established neighborhoods.
Public Transport: Few transit options may necessitate using personal vehicles for daily commutes.
Edmonton Commute: Trips to Edmonton are manageable, but they may take longer during rush hour.
Sherwood Heights
Location: Sherwood Heights is in the southwest of Sherwood Park. It can be inconvenient for accessing amenities in the northeast or central areas.
Noise: Proximity to major roads in the southwest can lead to higher levels of road noise, impacting the overall quietness of the area.
Commercial Access: It is near some schools and parks. But, it lacks quick access to larger commercial areas. Residents must drive for shopping and dining.
Edmonton Commute: The commute to Edmonton is feasible. But, the distance may require more time, especially at peak hours.
Every neighborhood in Sherwood Park comes with its pros and cons. It’s vital to weigh these limits when providing affordable housing. They concern location, access to amenities, noise, and transportation. An informed decision will help you find a neighborhood. It should fit your budget and meet your lifestyle and needs.
Why Do These Sherwood Park Neighborhoods Offer The Cheapest Properties?
Many of the properties in Sherwood Park’s most affordable neighborhoods are older. Centennial Village and Woodbridge Farms have older homes and row houses. Their market values are lower than those of newly built properties. Also, Strathcona Village and Durham Town Square have older condos and single-family homes. This makes them affordable. Emerald Hills and Sherwood Heights have some newer developments. But, many properties are older, making them cheaper.
While these neighborhoods have their cons, it’s crucial to highlight some positive aspects. Despite their age, many of these homes are well-kept. They are fully functional, so buyers won’t face major issues. These neighborhoods balance affordability and livability. They are a great value. Also, the sense of community in these neighborhoods attracts families and long-term residents.
Expected Cost Of Living In Each Of The Sherwood Park Communities
Expect monthly living costs to average $2,500 to $3,500. This includes housing, utilities, groceries, and transportation. Costs depend on the community and your lifestyle choices. The cost of living in Sherwood Park varies by community. Weather, government policies, and commuting affect it.
Sherwood Park has a typical Canadian prairie climate. It has cold winters and mild summers. This affects heating and utility costs. Alberta’s government policies lower living costs. They include lower provincial tax rates and no sales tax.
Commuting costs vary by a neighborhood’s distance to Edmonton. For example, central areas like Strathcona Village may have lower costs due to easy access. In contrast, peripheral areas like Centennial Village may have higher transportation expenses.
Conclusion
Sherwood Park stands out as a community where affordability does not mean compromising on quality of life. Centennial Village, Woodbridge Farms, and Strathcona Village have cheap homes. They are well-maintained, older properties that offer great value.
Each neighborhood has limitations, like access, amenities, and noise. But, their sense of community and essential services make them appealing.
The cost of living is $2,500 to $3,500 a month. It is influenced by Sherwood Park’s prairie climate, low provincial taxes, and commute to Edmonton. Central areas like Strathcona Village and Durham Town Square are easier to reach. They have shorter commutes. In contrast, more peripheral areas may take longer to reach.
These neighborhoods, despite their challenges, remain appealing. They are affordable and livable, making them attractive to families and long-term residents. Weighing the pros and cons helps buyers make informed choices. They can then meet their financial and lifestyle needs.
