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10225 121 St NW
Edmonton, AB T5N 1K6
GillBuilt Multifamily Land · Land For Sale
·
0.63 AC
Investment Highlights
- Shovel-ready site with zoning for up to 140 dwellings
- One block from future Valley Line West LRT stop
- Surrounded by Brewery District, Unity Square, and Jasper Avenue
- Located in high-growth Wîhkwêntôwin with 24.5% projected growth
- Across from award-winning Paul Kane Park
- Flexible DC2 zoning with max FAR 6.5 and height of 60m
Executive Summary
The site is surrounded by dynamic lifestyle destinations including the Brewery District, Unity Square, and Jasper Avenue, all within walking distance. Future residents will benefit from proximity to Grant MacEwan University, the ICE District, and the River Valley, while the under-construction Valley Line West LRT will feature a stop just one block away, enhancing transit connectivity. Paul Kane Park, located directly across the street, recently underwent a full architectural redevelopment and now serves as a year-round community hub with award-winning landscaping.
With a 24.5% projected population growth from 2024–2029 and 72.9% renter occupancy in the area, this site is primed for a multifamily development that meets the demand for urban, transit-accessible housing. The offering is listed at $5,000,000, presenting a compelling opportunity for developers seeking scale, flexibility, and location advantage in Edmonton’s core.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Commercial |
| Property Type | Land | Total Lot Size | 0.63 AC |
| Zoning | DC2 - Site Specific Development Control Provision (DC2) | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.63 AC |
| Zoning | DC2 - Site Specific Development Control Provision (DC2) |
1 Lot Available
Lot
| Price | $5,000,000 CAD | Lot Size | 0.63 AC |
| Price Per AC | $7,879,599.72 CAD |
| Price | $5,000,000 CAD |
| Price Per AC | $7,879,599.72 CAD |
| Lot Size | 0.63 AC |
Shovel-ready 27,641 SF multifamily site in Edmonton’s Oliver neighborhood with DC2 zoning allowing up to 140 units. Steps from future LRT, Brewery District, and Paul Kane Park. Ideal for urban residential development.
Description
Located in the heart of Edmonton’s Wîhkwêntôwin (Oliver) neighborhood, 10225 121 Street NW presents a rare opportunity to acquire a shovel-ready multifamily development site in one of the city’s most dynamic urban districts. Spanning 27,641 square feet, this parcel is zoned under DC2 391, allowing for up to 140 residential units with a maximum floor area ratio of 6.5 and a building height of up to 60 meters. The zoning also requires a minimum of six family-oriented units at grade, supporting a diverse tenant mix. The site is ideally positioned for transit-oriented development, with the Valley Line West LRT stop under construction just one block away. Residents will enjoy walkable access to the Brewery District, Unity Square, Jasper Avenue, and the ICE District, as well as proximity to Grant MacEwan University and the River Valley. Directly across the street, Paul Kane Park offers a vibrant year-round community space, recently redeveloped with award-winning landscaping and sustainable stormwater features. With 72.9% renter occupancy and a projected 24.5% population growth in the area from 2024 to 2029, this location is primed for high-density residential development. The offering is listed at $5,000,000, making it a compelling opportunity for developers seeking scale, flexibility, and location advantage in Edmonton’s urban core.
