Edmonton Neighbourhood Profile
River Valley Hermitage
River Valley Hermitage is an Edmonton neighbourhood of about 62 homes — 0% houses and 100% condos, most units built around 1995. The typical (median) condo is assessed at $203,500, 8% above the citywide condo median. Across its established condos — largely the same properties over time — the median assessed value changed -11% from 2012 to 2025. Figures throughout are City assessed values — directional and comparative, not exact sale prices ("typical" means the median).
Total homes
62
0% houses · 100% condos
Typical condo
$203,500
8% above citywide
Condo $/sq ft
$230
$2,476/m² · 21% above citywide
Typical age
1995
median condo build year
Part of Northeast — see the area profile for River Valley Hermitage's wider market context.
Where it is
At a glance.River Valley Hermitage's location and boundary, with schools marked — green areas are parks and open space.
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The homes
What's built here — the housing stock, its age, and the condo & rental supply.
What's here
Almost all condos. 0% houses (freehold) · 100% condos (condominium-titled).
Condos & multi-family
1 condo development here — about 62 condo dwellings.
How condos & rentals are counted
1 condo development — about 62 condo dwellings in total. Separately-titled parking and storage stalls aren't counted as homes.
No purpose-built multi-family rental buildings (apartment blocks) in River Valley Hermitage — its rental supply is individually-owned condos and any house suites.
Living here
The people and the day-to-day — who lives here, and the schools, shops, parks and transit around them.
Schools
3 designated public schools. Edmonton Public catchment for River Valley Hermitage: Homesteader, John D. Bracco and Eastglen.
All schools, levels & catchment notes
Designated public schools (Edmonton Public Schools catchment for River Valley Hermitage):
- ElementaryHomesteaderK to Gr 6
- Junior HighJohn D. BraccoGr 7-9
- Senior HighEastglenGr 10-12
Catchments are set by the school board and can change — and the City's published catchment data can lag new schools and boundary updates — so confirm the current designated school with Edmonton Public Schools before relying on it.
Independent / private schools aren't in the City's open data, so they aren't listed here. School-quality ratings are published separately by the Fraser Institute (not affiliated with this site).
Shopping & amenities
About 1 currently-licensed business in River Valley Hermitage.
Business mix & how this is counted
The mix of what's here, from currently-licensed businesses:
Counts come from City of Edmonton business licences and the City's business census — a licence means a business is registered at an address here, not a guarantee it's open today , and includes home-based businesses (about 50% of licences here). Landlord rental licences are excluded, and a listing isn't an endorsement.
Parks & green space
6 parks (182 hectares) in River Valley Hermitage — includes a city park and a natural area.
Parks
6
182 hectares total
Green-space types & notes
Types of green space:
- Natural area4
- City park1
- School & community park1
Counts come from the City of Edmonton's parks and playgrounds open data. A park is attributed to the neighbourhood its centre point falls in, so a large park or greenway that spans several areas is counted once — treat boundaries as approximate. Trail corridors appear here as greenways; off-street bike routes aren't included.
Transit & connectivity
No LRT line in River Valley Hermitage today. The nearest station is Clareview (Capital Line), about 1.2 km away (straight-line).
Looking ahead, the nearest future stop is MacEwan Arts / 112 Street on the Valley Line West, about 8.6 km from the centre — under construction, targeted to open later this decade. Timelines can slip, and a nearby line doesn't imply any change in property values.
Nearest LRT
1.2 km
to Clareview
Future LRT
8.6 km
MacEwan Arts / 112 Street · under construction
Transit notes
No ETS bus stops fall inside River Valley Hermitage.
Bus routes and frequency come from the City's ETS GTFS schedule — the routes whose trips call at stops inside River Valley Hermitage, with “frequent” meaning at least 100 weekday trips through the neighbourhood (about a bus every 15 minutes or better, counting both directions). Distances are straight-line (“as the crow flies”) from the neighbourhood centre — the actual walking or driving route is longer. Future stations are under construction; their locations and timelines come from City of Edmonton project pages and can change. Day-to-day commute mode (drive / transit / walk) is shown under “Who lives here.” Source: City of Edmonton LRT & ETS (GTFS) Open Data.
The market
Assessed value over time, and recent building activity.
Assessed value over time
Median assessed value changed -11% from 2012 to 2025.
That tracks River Valley Hermitage's condos — largely the same homes throughout — so it's a real value change, not a shifting mix.
Building activity
Since 2021: 2 building permits, no net change in the home count.
Permits year by year
Permits count every new home built — including purpose-built rental apartments and mixed-use buildings — so this can run well above the "total homes" figure above, which counts only individually-owned houses and condos.
Source
City of Edmonton Open Data — assessment, property info, building permits; Statistics Canada 2021 Census of Population (City of Edmonton neighbourhood tabulation). Contains information licensed under the Open Government Licence – City of Edmonton.
About these figures. They use the City of Edmonton's annual property assessment — its mass-appraisal estimate of value as of July 1 the prior year, informed by that year's sales but applied across the whole roll at once. That makes it a reliable directional and comparative signal (ideal for "how does this neighbourhood compare"), but not the exact price a specific home would sell for today — for that you need a comparative market analysis. Resident demographics and housing-cost figures (income and its distribution, age, education, commute, tenure, household types, shelter costs, occupations and industries, mobility) and the building-type, bedroom and condition mix are from the 2021 federal census — the most recent neighbourhood-level vintage; the City notes it fell during the pandemic, so treat these figures as directional. Census figures are adapted from Statistics Canada, 2021 Census of Population; this does not constitute an endorsement by Statistics Canada. Trevor Tardif is a licensed REALTOR® with REAL Broker AB Ltd, Edmonton, Alberta. Content on this site does not constitute financial or investment advice.
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