South Business Park, Stony Plain - September 2026 Real Estate Report

South Business Park, Stony Plain: Here's What Your Neighbours Aren't Telling You

If you own property in South Business Park and you haven't checked your HonestDoor Price lately, now is the time. The market here is telling two very different stories depending on what you own - and one of them is actually pretty good news.

The Vibe: Houses vs. Condos

Houses - Taking a Breather

Let's be straight with each other. The house market in South Business Park is the most affordable in Stony Plain - ranked 31 out of 31 neighbourhoods on price. The average sale price is sitting at $139,900, and the HonestDoor Price is $172,356, which has dipped 1.51% from the previous period. Values are also down 4.52% recently, and on the neighbourhood growth leaderboard, we're ranked 33 out of 36. That puts us near the bottom of the pack in Stony Plain right now.

The silver lining? Houses here are selling in 17 days on average, which ranks 8 out of 24 neighbourhoods for speed. That means when a buyer wants in, they move. And with a rental yield of 6.13%, if you're holding a house here as an investment, the income story is actually solid. Estimated rent comes in at $956 per month - not bad for a property at this price point.

• Average HonestDoor Price: $172,356 (down 1.51%)
• Average sale price: $139,900
• Price per square foot: $156
• Average days on market: 17
• Rental yield: 6.13%
• Estimated monthly rent: $956
• Growth rank: 33 out of 36 in Stony Plain
• Price rank: 31 out of 31 - most affordable in Stony Plain

Condos - A Different Story Entirely

This is where things get interesting. Condos in South Business Park are moving fast - ranked number 1 out of 15 neighbourhoods in Stony Plain for days on market. We're talking an average of just 6 days. For context, nearby Sunrise Village takes 9 days. Buyers are not hesitating here.

The HonestDoor Price for condos is $1,491,570, up 0.96%, and the 3-month trend is climbing. Growth ranks 5 out of 32 comparable neighbourhoods - that puts us near the top of the leaderboard. Two condos sold recently at an average of $141,900, coming in at 98.61% of list price. Buyers are paying close to asking, which tells you demand is real.

• Average HonestDoor Price: $1,491,570 (up 0.96%)
• Average sale price: $141,900
• Price per square foot: $172
• Average days on market: 6 - fastest in Stony Plain
• Estimated monthly rent: $3,184
• Rental yield: 3.79%
• Airbnb estimate: $158 per night - ranked 5th in Stony Plain
• Growth rank: 5 out of 32 in Stony Plain

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here's the thing about your city assessment - it's a snapshot from months ago, sometimes longer. It doesn't know what sold last week on your street. It doesn't adjust when the market shifts. The HonestDoor Price does. It pulls from real, current sales data and updates in real time.

For house owners in South Business Park, that gap matters right now. The average sale price is $139,900, but the HonestDoor Price is $172,356. Your tax assessment might be sitting somewhere in between - or completely off. If you're making any financial decision based on what the city says your home is worth, you could be leaving money on the table or mispricing a listing entirely.

For condo owners, the HonestDoor Price is tracking upward. If your assessment hasn't caught up to that 0.96% gain and the strong demand we're seeing, you may be underselling yourself before you even list.

The "So What?" - Thinking About Selling This Summer?

If you own a house here, be realistic but not discouraged. The market is balanced - properties are selling at 100% of list price, which means if you price it right, you get what you ask. The key word is "right." With values down 4.52% recently, overpricing is the fastest way to sit on the market. Use your HonestDoor Price as your anchor, not wishful thinking.

If you own a condo, summer could be your window. Demand is high, days on market are the lowest in Stony Plain, and values are trending up. The buyers are already here - they're just waiting for the right listing to show up. Getting your HonestDoor Price dialled in before you list means you walk into that conversation with real numbers, not guesses.

Either way, the smartest move any South Business Park owner can make right now is checking their HonestDoor Price before they do anything else. It takes two minutes and it tells you what the market actually thinks your place is worth - today, not last year.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.