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Alberta Avenue is one of the older residential neighbourhoods in Edmonton, with much of the area's development occurring during the First World War era. It is bounded on the north by 122 Avenue (originally called Woodward Avenue), on the west by 97 Street (originally called Namayo Avenue), on the south by 111 Avenue (Norwood Boulevard), and on the east by 89 Street (originally called Fox Street).
Surrounding neighbourhoods are Delton to the north and north east, Westwood and Spruce Avenue to the west, Central McDougall to the south west, McCauley to the south and south east, and Eastwood and Parkdale to the east.
Alberta avenue is a lower income neighbourhood, with almost one household in three earning less than $20,000 per year in 2001 (see table). In recent years, however, the area has seen increasing redevelopment and is rapidly becoming a destination for the arts community, similar to what Whyte Avenue was in the late 1980s and early 1990s.
The avenue is targeted for revitalization as part of the Alberta Avenue-Eastwood Business Revitalization Zone.
Neighborhoods along 118 Avenue generally have average household incomes that are below the average household income for the City of Edmonton.
Although the census data shows the area is a low income neighbourhood, the data is almost 10 years old, and the area has since been greatly revitalized. Many new families and new couples are moving into one of Edmonton's few affordable urban neighbourhoods. Crime has also steadily gone down.