Strategically located in a rapidly growing neighbourhood, this lot offers exceptional accessibility and strong appeal for multifamily development - zoned for a 30-unit multifamily apartment. Positioned just minutes from transit lines and commercial corridors, the site ensures easy commutes and high visibility. The surrounding area features a blend of residential communities, schools/Grant MacEwan, shopping centers, and parks, ideal for attracting long-term tenants. Future residents will benefit from proximity to employment hubs, medical facilities, and lifestyle amenities, while developers will appreciate the area’s stable market rents andrising property values. With ongoing infrastructure improvements and nearby new construction, this location is part of a thriving, upward-trending zone. Whether targeting young professionals, families, or downsizers, the neighborhood's demographics support various unit mixes. This is a rare opportunity to build in a location that balances convenience and livability.
Data was last updated May 18, 2025 at 03:30 PM (UTC)
Area Statistics
Listings on market:
34
Avg list price:
$449,500
Min list price:
$229,900
Max list price:
$1,599,900
Avg days on market:
34
Min days on market:
1
Max days on market:
112
Avg price per sq.ft.:
$355.42
These statistics are generated based on the current listing's property type
and located in
Zone 08. Average values are
derived using median calculations.
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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