Westbrook Estates is the richest neighbourhood in Edmonton with average home price of 1.3 million and median price of 1.1 million, backing onto Whitemud Creek Ravine and the Derrick Golf and Winter Club with world-class golf tennis and fitness facilities. Homes here frequently surpass $3M or more depending on lot positioning, characterized by expansive lots, mature trees, and luxurious homes along the ravine. Some of Edmonton's largest custom homes are found in Westbrook Estates, offering gated-style privacy without being gated. The neighbourhood's position along Whitemud Creek provides natural privacy screening and a parkland setting that few other communities in the city can match.
Wedgewood Heights
Wedgewood Heights in West Edmonton features homes ranging from just under 1 million to 4 million dollars, with streets named after notable Edmonton residents and strong community feel. Quick airport access, walking trails, and Wedgewood Ravine make it desirable. Development began in the 1960s but expanded significantly in the 1980s-1990s, creating a mature and established community with generous lot sizes. The combination of convenient airport access and walking trails through Wedgewood Ravine has made this one of the most sought-after addresses in West Edmonton, particularly for families who value both connectivity and green space.
Windsor Park
Windsor Park in southwest Edmonton adjacent to University of Alberta features homes from 1 million to 4 million, one of Edmonton's most elite communities with elegant custom-built homes showcasing high-end architecture, large lots and tree-lined streets with meticulously landscaped properties. The neighbourhood includes the Bentley community and offers a prime location near the North Saskatchewan River Valley. Known for custom-built homes and luxury condos, Windsor Park attracts university professionals, medical practitioners, and established business owners who value the proximity to the U of A campus and river valley trails.
Windermere
Windermere in southwest Edmonton has homes from 500s to 5 million, known for breathtaking views and stunning real estate at elevated terrain overlooking the North Saskatchewan River Valley. The name roughly translates into "to take one's breath away." Situated at higher elevation with river valley views, many homes topping out at almost $5 million, with condos, townhomes, and quality schools available. Estate homes near the golf course feature custom builds and smart-home features with proximity to private schools. The neighbourhood includes Windermere Estates with estate homes, golf course proximity, and custom builds offering high-end architectural design.
Glenora
Glenora west of downtown features homes from 700s to 4 million, historic and prestigious with stately homes and beautiful tree-lined streets, mix of heritage and modern luxury residences. Glenora blends heritage character homes with tree-lined boulevards, attracting government and business leadership residents with walkability to 124 Street's boutique district. Estate properties in Glenora often exceed $2M when fully renovated or rebuilt. Glenora is one of the most historic and prestigious neighbourhoods in Edmonton featuring stately homes on large landscaped lots, making it the preferred address for many of the city's business and political leaders.
Crestwood
Crestwood features large, mature lots often 7,000 to 10,000 square feet or more, with direct access to the North Saskatchewan River Valley. The area features custom infill estates replacing older homes on quiet, low-traffic streets. Rapid redevelopment is transforming Crestwood with luxury infill homes that take advantage of the neighbourhood's outstanding river valley access and mature urban canopy. Lots backing directly onto ravine or river valley trails command the highest premiums, often adding several hundred thousand dollars to the property value.
Cameron Heights
Cameron Heights along Anthony Henday Drive has homes from 600s to over 3 million, a newer neighbourhood offering modern homes with North Saskatchewan River Valley views, named after former town council member John Cameron. As a newer development with modern construction standards, Cameron Heights appeals to buyers seeking contemporary luxury without the maintenance demands of a heritage home. The views of the North Saskatchewan River Valley from the elevated lots remain a primary draw for luxury buyers.
Parkview and Jagare Ridge
Parkview provides panoramic river valley views with large mid-century homes and rapid redevelopment with luxury infill. Key value driver is lots backing directly onto ravine or river valley trails. Jagare Ridge is a golf course community with executive homes, scenic views, and high-end architectural design. Combined with the lifestyle appeal of the river valley trail system and proximity to downtown amenities, these neighbourhoods consistently command premium prices in Edmonton's luxury segment.
What Drives Premium Pricing
The average price of a home in the Edmonton area was $448,761 in January 2026, but luxury neighbourhoods operate in an entirely different price band. Detached homes across the city averaged $556,752, while luxury areas routinely see prices three to eight times that figure. Edmonton remains the most affordable among Canada's six largest population centres, which means the luxury segment here still offers relative value compared to Vancouver and Toronto where comparable properties can cost two to three times more.
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