Pelican Point, Alberta
As of September 26, 2026, the median asking price in Pelican Point is $654,450, across 6 active MLS® listings.
Those listings have been on the market an average of 109 days.
2 new listings came to market in Pelican Point in the last 30 days.
Asking prices work out to about $310 per square foot, based on the 6 listings that report floor area.
Detached homes in Pelican Point are listed at an average of $645,150 across 6 active listings.
Pelican Point is a small, lake-oriented neighbourhood area in rural central Alberta, best known for its recreation-forward lifestyle near Buffalo Lake. The housing stock is typically low-density—seasonal cabins, cottages, and year-round single-family homes on larger lots—attracting a mix of retirees, recreation-focused owners, trades and service workers from nearby towns, and investors looking for a blend of long-term rental and seasonal/short-term demand. Demographics skew toward smaller households and a higher share of owner-occupiers than urban Alberta markets, with demand influenced by summer activity and second-home purchasing.
Amenities are anchored by outdoor recreation (lake access, boating, beaches, golf and resort-style facilities in the broader Pelican Point area), with day-to-day shopping and services generally requiring a short drive to nearby communities in the County of Camrose and around Buffalo Lake. School options are accessed via surrounding towns (rather than within the neighbourhood core), making the area less school-walkable but workable for families with vehicles. Transit is car-dependent with no meaningful fixed-route service; this affects tenant profiles and favors renters who drive. Real estate trends are typically more volatile than city neighbourhoods: prices can move with recreational-home demand and interest rates, while rents remain supported by limited purpose-built rental supply; investors often see better yields than major cities but should underwrite vacancy/seasonality and property management logistics carefully.
Pelican Point’s current for-sale market is very limited, with 6 active listings showing a median asking price of $654,450, an average of $310/sqft, and an average 100 days on market so far—suggesting pricing is holding, but buyers still have time to compare options. With 2 new listings in the past 30 days, selection remains thin across the city’s mix of waterfront and golf-course properties, established residential pockets, and more modern builds, so investors and buyers should expect a wide spread in price and finish depending on location and lot type.
AI-written commentary on the active MLS® listing snapshot as of September 17, 2026. Not financial advice.
Walk Score 0 · Bike Score 26
Communities.ca Inc.
Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
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