Investor Alert! Rare shovel-ready multi-family development opportunity in King Edward Park. Approved for an 8-unit building, each featuring a 2-bedroom upper suite and a 2-bedroom basement suite, a total of 16 bedrooms across 8 units. Fully CMHC-compliant design meeting the latest energy efficiency and building standards. The sale includes complete architectural, structural, civil, and landscaping drawings, along with approved development and building permits, ready for immediate construction. The lot is clear with no demolition required, and EPCOR services have already been paid (valued at $20,000). The project includes 4 single-car garages, separate entrances, and independent mechanical systems, making it an ideal purpose-built rental property. Prime central location just steps from the LRT, bike trails, and minutes to downtown, the University of Alberta, hospitals, shopping, schools, and the river valley. A true turnkey investment opportunity for builders and investors.
Data was last updated October 27, 2025 at 11:30 AM (UTC)
Area Statistics
Listings on market:
58
Avg list price:
$597,450
Min list price:
$295,000
Max list price:
$2,099,000
Avg days in system:
27
Min days in system:
1
Max days in system:
502
Avg price per sq.ft.:
$435.04
These statistics are generated based on the current listing's property type
and located in
Zone 17. Average values are
derived using median calculations. This data is not produced by the MLS® system.
Data last updated on October 27, 2025 at 11:30 AM (UTC).
Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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