Now Listed at $324,900 | MACCOSHAM LOFTS | Downtown Edmonton

There are condos… and then there are true warehouse lofts.
And those almost never come to market.

This authentic warehouse loft is a rare opportunity to own a piece of Edmonton’s architectural history, thoughtfully reimagined for modern urban living. Located in the heart of the Warehouse District, this top-floor, corner-unit loft delivers the kind of character, scale, and flexibility that buyers are constantly searching for and almost never find.

Authentic Loft Living, the Way It Was Meant to Be

Converted by Dub Architects, this historic warehouse maintains the soul of the original building while offering contemporary comfort. Inside, you’re greeted by soaring 13-foot exposed timber ceilings, original beams and columns, and an open layout that feels expansive, creative, and unapologetically urban.

Natural light pours in through oversized west-facing windows, highlighting the warm wood tones and industrial details that define true loft living. This is not a reproduction. This is the real thing.

Designed for Flexibility and Creative Living

With approximately 860 square feet of open space, this loft is currently set up as a one bedroom plus den, featuring a raised sleeping loft with low ceilings that create an intimate, cozy retreat, while leaving the main level wide open for living, working, entertaining, or designing entirely to your taste.

The possibilities are endless. Whether you envision a gallery-style living room, a home office with architectural presence, or a minimalist industrial aesthetic, this space adapts to you. The only limitation here is imagination.

Thoughtful Updates, Timeless Materials

Modern upgrades blend seamlessly with historic charm. The kitchen features concrete countertops, a large island, newer appliances, and clean industrial finishes that feel both functional and design-forward. New laminate flooring runs throughout, complementing the exposed wood and steel. The bathroom has been beautifully renovated with a modern, spa-like feel.

Additional features include in-suite laundry, air conditioning, and underground titled parking, a true luxury in this part of the city.

Even better, condo fees are an exceptionally low $372.20 per month, and they include heat and water, making ownership both stylish and practical.

A Location That Defines Urban Edmonton

This loft sits at the crossroads of everything that makes downtown Edmonton vibrant. Steps from the Ice District, Brewery District, Educational District, and the core of the Warehouse District, this is a lifestyle built around walkability, culture, food, events, and energy.

Morning coffee, evening hockey games, local breweries, university campuses, and downtown offices are all part of your daily rhythm here. This is city living with authenticity and edge.

Rare. Architectural. Unrepeatable.

Units in this building rarely come available, and this is the first opportunity since 2023. That alone makes this listing notable. Combined with its top-floor position, corner exposure, preserved architectural integrity, and flexible layout, this loft stands apart in a market saturated with generic condos.

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Caitlin Heine
Iconic YEG | RE/MAX Real Estate

📞 587-336-3176
📧 caitlin@iconicyeg.com

If you are thinking about selling a home in Edmonton, whether that is next month or next year, 2025 made one thing very clear.

Strong outcomes did not come from reacting to the market.
They came from preparation.

After eight years in real estate, more than 300 home sales across Edmonton, and leading the Iconic YEG Real Estate Team at RE/MAX Real Estate, I spent 2025 helping sellers make decisions around timing, pricing, preparation, and risk. The sellers who felt best about their results were not the ones who rushed to list. They were the ones who planned early and sold with intention.

That pattern matters as we move into 2026.

Edmonton Seller Market Snapshot (Single Family Homes, City Only)

Before getting into strategy, here is the context every seller should understand.

• 12,036 single family homes sold in Edmonton in 2025

• Median days on market: 22

• Median sale-to-list ratio: 98.81 percent

• 26.1 percent sold over list price

This was not a market where every home sold instantly.
It was a market where well-prepared homes stood out, and underprepared ones blended into the background.

When Did Homes Sell Best in Edmonton in 2025?

Spring Rewarded the Prepared

March through May consistently produced the strongest results for sellers.

• Faster sales

• Higher sale-to-list ratios

• More committed buyers

But this is the part many sellers miss.

The homes that benefited from spring momentum were not prepared in spring.
They were prepared before spring.

What this means for sellers in 2026

• February continues to be one of my strongest listing months

• Low inventory and serious buyers create opportunity

• Waiting to “see how spring looks” often means missing the advantage

Timing helps. Preparation is what makes timing work.

Which Price Ranges Performed Best for Sellers?

The $400K–$600K Range Drove the Market

This was the deepest buyer pool in 2025.

• $401K–$500K: 3,968 sales

• $501K–$600K: 2,693 sales

This range consistently produced the most activity, but it also punished overpricing.

Seller guidance

• Correct pricing matters more here than anywhere else

• Overpricing removes momentum quickly

• Well-positioned homes still created strong outcomes

Pricing is not about guessing or chasing the market. It is about understanding buyer behaviour, competition, and risk. I break down how pricing strategy actually works in Edmonton, and why small pricing decisions often have an outsized impact here:
👉 How to Sell Your Home for Top Dollar in Edmonton

Where Homes Sold Over Asking Price in Edmonton

Homes selling over list price were not evenly spread across the city.

Communities with consistent over-list activity included:

• Summerside

• Ottewell

• Chappelle Area

• Keswick

• The Hamptons

• Terwillegar Towne

• Alberta Avenue

• Klarvatten

What this means for sellers

Over-list results came from alignment, not luck.
Pricing, preparation, and buyer fit mattered far more than broad market conditions.

Selling a Home Under $400K

Demand remained strong under $400K, but buyers were selective.

High-activity communities included:

• Alberta Avenue

• Parkdale

• Eastwood

• Montrose

• Calder

• Beverly Heights

• Kiniski Gardens

Seller guidance

• Buyers in this range are value-focused and informed

• Condition, cleanliness, and pricing discipline matter

• This segment is sensitive to affordability changes

Move-Up and Luxury Sellers: What Changed in 2025

As price rises, the market becomes less citywide and more neighbourhood-specific.

• $650K–$749K: Keswick, Aster, Glenridding Ravine

• $750K–$999K: Keswick, Windermere, Westmount

• $1M plus: Windermere, Glenora, Parkview

Seller guidance

Above $650K, outcomes depended heavily on strategy.

Buyers were informed, selective, and comparison-driven. Exposure alone was not enough. Pricing accuracy and presentation mattered.

What Made the Biggest Difference for Sellers in 2025

Preparation consistently separated strong outcomes from average ones.

That meant:

• Creating a listing preparation plan before spending money

• Understanding which improvements actually delivered a return

• Staging and curating homes for the buyer demographic

• Using professional photography, video, and targeted marketing

• Telling a clear story to the right buyer

Preparation is rarely about doing more. It is about doing the right things. I have written in detail about how proper preparation impacts sale price, buyer perception, and time on market, including what actually matters and what often doesn’t when selling a home in Edmonton:
👉 Hang It Like You Mean It: The Prep Work That Sells Your Edmonton Home for More

How Sellers Should Prepare for 2026

Start planning early.

Early planning gives you options. It allows you to:

• Decide on timing with clarity

• Avoid spending money where it won’t matter

• Position your home intentionally rather than reactively

Preparation creates control. Control creates better outcomes.

If you want to see what proper pricing, preparation, and timing look like in practice, this is a real example from 2025:
👉 Listed, Shown, Sold in One Day

Who I Work Best With

I work best with sellers who value:

• Honest, direct advice

• Understanding the why behind pricing and strategy

• Calm guidance through high-stakes decisions

• Realistic expectations and thoughtful planning

If you are looking for pressure or shortcuts, I am likely not the right fit.

Final Thought for Sellers

The strongest sellers in 2025 were not chasing the market.
They were preparing for it.

If selling a home in Edmonton is something you are considering in 2026, even quietly, starting the conversation early allows us to plan properly and avoid unnecessary stress. There is no obligation and no pressure. Just clarity, strategy, and honest guidance so you can move forward when the timing is right.

Caitlin Heine
Iconic YEG Real Estate Team
RE/MAX Real Estate
RE/MAX Chairman’s Club Team Award 2025

If you are thinking about buying a home in Edmonton, whether that is next month or next year, 2025 offered some very clear lessons about what actually affects outcomes.

The biggest mistake I saw buyers make this year was not choosing the wrong time to buy.
It was waiting too long to start planning.

After eight years in real estate, more than 300 home sales across Edmonton, and leading the Iconic YEG Real Estate Team at RE/MAX Real Estate, I spent 2025 helping buyers navigate timing, competition, pricing, and risk. The buyers who did best were not the fastest. They were the most prepared. That pattern matters as we move into 2026.

Edmonton Buyer Market Snapshot (Single Family Homes, City Only)

Before getting into strategy, here is the context every buyer should understand about the Edmonton Real Estate Market in 2025.

• 12,036 single family homes sold in Edmonton in 2025

• Median days on market: 22

• 26.1 percent sold over list price

• 34.7 percent sold at or over list

This was not a market where everything was competitive.
It was a market where competition showed up in specific price ranges, seasons, and neighbourhoods.

When Is the Best Time to Buy a Home in Edmonton?

Spring Was the Most Competitive Period

March through May was the tightest window for buyers.

• March had the highest over-list activity, around 39 percent

• Median days on market dropped to about 15 days

• By December, only 11 percent sold over list and median days on market increased to 39 days

What this means for buyers in 2026

• Expect the most competition in spring

• Late summer and fall often provide more room to negotiate

• Spring buyers need financing, strategy, and decision clarity in place early

Which Price Range Was Most Competitive for Buyers?

The $400K–$600K Range Was the Pressure Zone

This is where the majority of buyers were active in 2025.

• $401K–$500K: 3,968 sales

• $501K–$600K: 2,693 sales

This is where multiple offers showed up most consistently.

Buyer guidance

• Below $500K, competition appears first and fastest

• Above $500K, buyers often have more room to be strategic

• Knowing which side of this line you are on matters

Where Homes Sold Over Asking Price in Edmonton

Homes selling over list price clustered in specific communities, not across the entire city.

Areas with consistent over-list activity included:

• Summerside

• Ottewell

• Chappelle Area

• Keswick

• The Hamptons

• Terwillegar Towne

• Alberta Avenue

• Klarvatten

What this means for buyers

If you are shopping in these areas, being “almost ready” can cost you.
Offer strategy matters more than speed.

Buying a Single Family Home Under $400K in Edmonton

Value still exists, but it clusters.

Communities with the most activity under $400K included:

• Alberta Avenue

• Parkdale

• Eastwood

• Montrose

• Calder

• Beverly Heights

• Kiniski Gardens

Buyer guidance

• This segment is sensitive to interest rate changes

• Condition, lot value, and inspection strategy matter more than finishes

• Planning ahead gives you leverage

Move-Up and Luxury Buyers: What Changed in 2025

Above $650K, the market became increasingly neighbourhood-specific.

• $650K–$749K: Keswick, Aster, Glenridding Ravine

• $750K–$999K: Keswick, Windermere, Westmount

• $1M plus: Windermere, Glenora, Parkview

Buyer guidance

Buyers at these levels are informed and selective.
Being clear on trade-offs matters more than urgency.

What I Focused on for Buyers in 2025

Being ready did not mean being rushed. It meant:

• Understanding financing early

• Reviewing documents and risk properly

• Knowing where competition actually existed

• Being comfortable walking away when something was not right

For condo buyers especially, document review is not a formality. It is a decision-making tool. I break down what actually matters and what to look for in Edmonton condo documents here:
👉 Condo Document Review in Edmonton: What Buyers Need to Know Before Purchasing

How Buyers Should Prepare for 2026

Start planning early.

Early planning also means understanding the buying process before pressure sets in. I have written a detailed guide that walks through what buyers need to know about rebates, programs, timelines, and realistic expectations when buying a home in Edmonton:
👉 Everything You Need to Know About Buying a Home in Edmonton in 2025

Understanding your price range, neighbourhood options, and competition before emotions enter the picture creates leverage. Leverage creates better decisions.

Before You Rely on Online Tools Alone

If you have been relying on generic online advice or AI tools to guide your decision-making, it is worth understanding what those tools miss when it comes to Edmonton real estate:
👉 What ChatGPT Doesn’t Tell You About Buying a Home in Edmonton

Who I Work Best With

I work best with buyers who value:

• Honest, direct advice

• Understanding the why behind decisions

• Calm guidance in high-stakes moments

• Realistic expectations and long-term thinking

If you are looking for pressure or shortcuts, I am likely not the right fit.

Final Thought for Buyers

The strongest buyers I worked with in 2025 were not rushing to win.
They were planning to choose well.

If you are thinking about buying in Edmonton in 2026, even if it still feels early, having a conversation sooner gives you clarity, options, and leverage. There is no obligation and no pressure. Just information, strategy, and an honest look at what makes sense for you.

When the right opportunity appears, being prepared changes everything.

Caitlin Heine
Iconic YEG Real Estate Team
RE/MAX Real Estate

Edmonton Leads the Nation in Real Estate Activity

While much of Canada is cooling, Edmonton is quietly leading the nation — not through speculation or hype, but through steady growth, affordability, and resilience.

According to RE/MAX Canada’s 2025 Fall Housing Market Update, Edmonton remains one of the country’s brightest real estate markets, defying national slowdowns thanks to affordability and interprovincial migration.

Even though resales are expected to decline about 4% year-over-year by the end of 2025, the market still favours sellers, with demand continuing to outpace supply — especially for well-priced, move-in-ready homes.

RE/MAX projects the average home price will rise about 6% by year’s end, reaching roughly $488,000. That’s a far cry from markets like Vancouver or Toronto, where single-family homes can exceed $1.9 million, making Edmonton one of the few major cities in Canada where homeownership remains within reach.

“Out-of-town buyers are still continuing to play a big role in Edmonton’s sales,” says Don Kottick, President of RE/MAX Canada. “We anticipate that will continue for the balance of the year.”

Affordability Is Edmonton’s Superpower

In a national market defined by high costs and hesitation, Edmonton stands out as Canada’s affordability success story.

With the average detached home at around $570,000, up roughly 4.5% year-over-year, Edmonton offers more value per square foot than almost anywhere else in the country.

That’s attracting buyers from Toronto, Vancouver, and even Calgary, where detached homes average $781,000.

This unique mix of high median incomes, lower cost of living, and steady employment makes Edmonton a magnet for families, first-time buyers, and investors seeking long-term stability.

Trends in the Edmonton Housing Market

The Edmonton housing market continues to evolve as one of Canada’s most balanced and opportunity-rich.

Market Outlook

• Average sale price: expected to rise 6%

• Number of sales: forecast to drop 4%

• Market type: remains a seller’s market, though balance is improving

While out-of-province buyers continue to drive demand, local families and couples are also stepping in with confidence. The city’s strong employment base and ongoing infrastructure development make Edmonton ideal for those seeking something lasting — not just a short-term investment.

Inventory & Buyer Behaviour

The biggest challenge right now? Not enough quality inventory that aligns with what buyers want. There are homes on the market, but many aren’t meeting modern expectations for updates, layout, or value.

At the same time, condos are beginning to sit longer, as a surge of new construction units comes online. Sellers holding firm on unrealistic pricing are finding that buyers are no longer willing to chase the market.

Still, urgency remains among those looking to buy before construction and renovation costs climb again — a lesson many remember from the post-pandemic years.

Iconic Neighbourhoods to Watch

• Gold Bar: A charming, established community with tree-lined streets, great schools, and proximity to the river valley. Buyers are drawn to its sense of stability and mid-century homes ready for modern updates.

• Prince Rupert: Gaining attention for its affordability and central location, with growing interest from buyers seeking character homes close to downtown and NAIT.

• Rundle Heights: Offering a balance between affordability and access to green space, this neighbourhood is ideal for first-time buyers and families who value parks, schools, and a strong community feel.

These central communities continue to attract a diverse mix of residents — from young professionals to retirees — all drawn to Edmonton’s authentic charm and long-term livability.

Edmonton’s Construction Boom: Building the City of Tomorrow

According to the CBC, Edmonton is building more homes than ever before — issuing over 15,000 building permits in 2024, the highest since 2005.

More than 75% of those permits were for communities between 41st Avenue SW and Anthony Henday Drive, including The Orchards, Keswick, and Chappelle.

That surge reflects Edmonton’s population growth of more than 100,000 people in just two years, a testament to its reputation as one of Canada’s most livable and affordable cities.

While much of the new housing is happening at the city’s southern edge, Mayor Amarjeet Sohi emphasizes that half of future growth should occur within established neighbourhoods — areas like Griesbach, which is leading redevelopment efforts with new mid- and high-density projects.

“I’m very proud of what we’ve achieved,” says Sohi. “But the need continues, and we need to build more.”

What It Means for Buyers and Sellers

For Buyers

• Act now while Edmonton remains one of Canada’s most affordable major markets.

• Explore growing communities like Keswick, Orchards, and Griesbach for long-term value.

• Watch interest rates — with the Bank of Canada expected to ease, affordability could improve through early 2026.

For Sellers

• Price strategically. Overpricing can cost valuable time in a market where buyers are data-savvy and discerning.

• Presentation matters. Homes that show well — staged, decluttered, and professionally marketed — continue to command premium offers.

• Timing is opportunity. Fall remains active as buyers aim to close before winter, with fewer listings creating a competitive edge.

Edmonton’s Strength Is Its Balance

While many cities are struggling to correct after years of rapid appreciation, Edmonton’s growth is measured, sustainable, and real.

The city continues to build, attract, and retain — offering buyers and sellers alike the rare opportunity to move confidently in a market that values both stability and opportunity.

For homeowners, investors, and newcomers alike, Edmonton isn’t just a great place to live — it’s a smart place to plant roots.

Work With the ICONIC YEG Team

At Iconic YEG, we don’t just sell homes — we help you build a future.
Whether you’re buying, selling, or investing, our team brings deep market insight, strategic marketing, and a people-first approach to every move.

Let’s make your next step an ICONIC one.

Connect with Caitlin Heine

Buying, selling, or just curious about where you fit in Edmonton’s changing market?
I’m here to help you make confident, informed moves — whether that’s finding your first home, listing your property, or exploring investment opportunities in central Edmonton.

Let’s talk about your next chapter.

Caitlin Heine

REALTOR® & CEO, Iconic YEG Real Estate Team
RE/MAX Real Estate

📍 200-10835 124 Street NW, Edmonton, AB T5M 0H4
📞 587-336-3176
📧 caitlin@iconicyeg.com
🌐 iconicyeg.com

Disclaimer: This article is for general informational purposes only and does not constitute legal advice. As REALTORS®, our role is to help clients understand market realities, risks, and opportunities, and to connect them with qualified professionals when needed. Always consult a real estate lawyer before pursuing restrictive covenants or any legal strategy.

Edmonton’s New Housing Reality

City Council’s 2023 zoning reform changed the landscape across central Edmonton. As of January 1, 2024, most mature neighbourhoods are now zoned RS (Small Scale Residential).

That means many lots once reserved for single-detached homes can now be redeveloped as:

• Semi-detached homes

• Row houses

• Garden or secondary suites

• Multiplexes (up to 4 units)

The City’s stated goal: expand supply, support affordability, and make better use of infrastructure.

What Is a Restrictive Covenant?

A restrictive covenant is a legal condition registered on a property’s title that limits what can be built.

• Runs with the land: It binds future owners.

• Private enforcement: The City does not enforce it; neighbours must.

• Subject to court oversight: Under Alberta’s Land Titles Act (s.48(4)), courts may discharge or modify covenants that conflict with zoning or public interest.

👉 In theory, a covenant could block a multiplex. In practice, enforceability is often contested and expensive to defend.

The Carruthers Caveat – Glenora’s Historic Shield

Glenora offers a rare example: the Carruthers Caveat (1911).

• Covers 400+ homes, requiring large yards and character homes.

• Has blocked development, including secondary suites, when challenged.

• Works because of collective enforcement by neighbours.

📌 Important: Just because the Carruthers Caveat endures doesn’t mean new covenants today will be equally durable.

Crestwood and the New Wave

Inspired by Glenora, Crestwood residents are beginning to register covenants aimed at blocking multiplexes. Communities like Grovenor and McKernan are exploring similar strategies.

Neighbourhood covenants are stronger than one-off restrictions, but still face the reality of municipal policy and court oversight.

Case Law: When Courts Step In

• Howse v. Calgary (2023): Alberta Court of Appeal ruled covenants can be discharged if they conflict with zoning and the public interest in densification.

• New Casa Holdings (2021): A century-old covenant was upheld — showing that clarity and history matter.

Property Values: The Heart of the Concern

For most Edmonton homeowners, the issue isn’t just density — it’s value.

• Infill often supports values: Replacing aging stock with new homes raises the quality baseline.

• Resale demand improves: Central, walkable neighbourhoods with fresh housing options attract younger families.

• Broader buyer pool: Multiplexes and row houses make areas more accessible to more buyers.

• Restricted lots lose appeal: If a covenant bans redevelopment, developers won’t bid — reducing potential sale price.

👉 Translation: Infill done well can strengthen neighbourhood vitality and value. Restrictive covenants, by contrast, can narrow your resale market.

Lessons from Other Cities

• Minneapolis: Broad reform slowed cost growth despite few triplexes.

• Portland: Form-based zoning kept neighbourhood “character” while doubling housing choice.

• Auckland: Wide-scale rezoning produced record supply and stabilized prices.

• California: Legalizing ADUs created thousands of low-impact new homes.

• Tokyo: Permissive zoning + transit keeps supply high and prices stable.

Thought Exercises for Edmonton

• If every generation froze development, would Edmonton look the same today?

• Is “character” about the form of houses, or the people inside them?

• Should some neighbourhoods wall themselves off from affordability efforts?

• What happens if every homeowner blocks density — does the housing crisis worsen?

Key Takeaways for Edmonton Homeowners

• Restrictive covenants can stall redevelopment but are not iron-clad.

• Courts lean toward pro-density outcomes.

• Infill can enhance property values and neighbourhood renewal.

• Alternatives exist: community advocacy, design-focused input, or private sale terms like right-of-first-refusal.

Conclusion

Restrictive covenants are part of Edmonton’s housing conversation, but they’re not a silver bullet. The bigger question is how we balance neighbourhood preservation with fairness, affordability, and growth.

At Iconic YEG, our role is to help homeowners understand market impact, not just paperwork, and to connect them with the right legal and planning resources.

👉 Thinking about selling, buying, or navigating Edmonton’s new zoning rules? Let’s talk.

Contact Caitlin Heine, Iconic YEG