5 Edmonton Neighbourhoods to Invest In

By Wayne Hillier, Real Estate Investing Masters

May 27, 2025 | Edmonton, Alberta

If you’re looking to buy real estate in Edmonton, the first question that always comes up is:

Where should I invest?

There are over 370 neighbourhoods in Edmonton—each with its own unique characteristics, tenant profiles, and value potential. In today’s podcast, we highlighted five Edmonton neighbourhoods that present strong opportunities for real estate investors in 2025.

Whether you’re after long-term rentals, BRRRRs, fix-and-flips, or rent-to-own deals, here’s a closer look at five areas worth considering.

1. Ellerslie – Southeast Suburb with Strong Rent-to-Own Potential

Built mostly in the early 2000s, Ellerslie offers a mix of single-family homes, duplexes, and condos. While once a hot homeowner destination, these properties are now reaching 20–25 years of age and showing signs of wear—making them ripe for light renovations or “lipstick flips.”

Investor Takeaway:

• Perfect for rent-to-own strategies

• Opportunities for cosmetic renovations

• Strong family tenant profile

2. Grovenor – Mature West-Central Neighbourhood with Infill & Suite Potential

Grovenor, located west of downtown near Crestwood and Glenora, was developed primarily in the 1950s–60s. It has a good balance of older homes, bungalows, and emerging infill development.

Investor Takeaway:

• Ideal for secondary suite conversions

• Some fix-and-flip potential

• Pricier than other infill zones, but nicer tenant profile

3. Belmead – Affordable West End with Rental Density

Situated next to West Edmonton Mall, Belmead offers a diverse mix of townhouses, duplexes, and bungalows. It’s rental-heavy, transit-accessible, and ideal for value-add renovations.

Investor Takeaway:

• Lots of suited house opportunities

• Good mix of affordability and rentability

• Minimal infill, but value-add renos are viable

4. Gold Bar – Eastside Flip Pocket with Major Upside

Gold Bar is part of a known fix-and-flip zone just east of downtown. Despite proximity to industrial areas and a wastewater treatment plant, it borders desirable communities like Capilano and Forest Heights.

Investor Takeaway:

• Lower buy-in compared to Capilano

• High demand from buyers wanting proximity to downtown

• Competitive market for flippers, but still profitable

5. Kilkenny – Northside Workhorse for Long-Term Rentals

Don’t overlook Kilkenny, a mature area north of 137 Ave with a mix of 1970s bungalows, townhouses, and duplexes. It’s a cash-flowing workhorse for landlords and has strong suite potential.

Investor Takeaway:

• Excellent layout for legal secondary suites

• Good balance of price, demand, and tenant profile

• Not flashy, but it works

Final Thoughts

These aren’t the “best” five neighbourhoods in all of Edmonton. But they work. And that’s what matters when you’re trying to build a reliable, cash-flowing portfolio.

Want to dive deeper into Edmonton neighbourhoods?

Check out our Edmonton Real Estate Investing Course or apply to join our REI Masters Mentorship Program, where we teach you exactly how to evaluate neighbourhoods and find the hidden opportunities.

Listen to Today’s Episode:

Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier

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Wayne Hillier - Alberta Real Estate Investing Expert

About the Author

Wayne Hillier is one of Canada’s trusted experts in real estate investing education, specializing in Alberta’s thriving markets. Based in Edmonton, Wayne has over a decade of experience building a high-performing rental portfolio and coaching investors to achieve strong cash flow, sustainable wealth, and creative financing success. As co-founder of Real Estate Investing Masters, Wayne is a respected real estate investing coach and mentor, dedicated to helping Canadian investors confidently scale their portfolios. He is also the host of the Real Estate Investing Morning Show, where he shares daily strategies and insights for mastering real estate investing in Canada.