Canon Ridge Real Estate Statistics

Average Price $526K
Lowest Price $12K
Highest Price $30M
Total Listings 8,977
Avg. Price/SQFT $335

Community statistics are calculated by Real Estate Webmasters and are for illustration purposes only, accuracy is not guaranteed.

Property Types (active listings)

Within the Hermitage plan area, Canon Ridge is one of three neighborhoods. Canon William Newton, an Anglican preacher after whom Canon Ridge is named, arrived in Edmonton in 1875 and established his first church, residence, and hospital in the Hermitage. The hermitage was on the south side of a ravine overlooking the north Saskatchewan River Valley to the east, some 10 kilometers from Fort Edmonton. Reverend Newton's house stayed in the same location for almost 25 years. The Hermitage remained an agricultural region for many years following colonization. The Grand Trunk Pacific Railway line, which operated along the railroad right-of-way at the time, defined the area's southern limit. The area's two cattle ranches were sold to a property development company in 1960, and the hermitage was annexed to Edmonton the following year. During the 1960s, land development was halted as government authorities and developers addressed concerns about residential growth too close to nearby industrial operations. By 1970, these issues had been addressed, and Canon Ridge had been added to the Hermitage Outline Plan. The final of the three Hermitage neighborhoods to see residential construction was Canon Ridge. Although the subdivision plan was authorized in 1977 and some construction took place before the end of the decade, the majority of single-family houses and all multi-family units were constructed after 1980. Since the 1980s, development has continued in this area, with just small pockets of land remaining. Collector roads and a network of cycling and pedestrian paths give connections to other Hermitage neighborhoods. Hermitage Road and Hooke Road, which act as collectors for curved and cul-de-sac interior residential streets, divide Canon Ridge. A public open leisure space is located in the heart of the neighborhood. Victoria Trail, which runs along the west side of Canon Ridge, was named after a pair of early Edmonton settlement paths that ran parallel to the North Saskatchewan River. Following the river northeast to the Methodist mission at Victoria after 1864, the path was renamed the Victoria Trail.