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Guardian Villa Townhomes 7003 199 St NW 328 Unit Apartment Building $850,000 CAD ($2,591 CAD/Unit) Edmonton, AB T5T 3A8
Investment Highlights
- High visibility between Anthony Henday Drive and 199th Street with direct public transit access.
- Zoning provides flexibility for medical, professional office, retail services, and other urban commercial uses.
- Development-ready site engineered to reduce demolition, parking, and infrastructure costs.
- Build-out potential of 42,500 to 55,000 sq. ft. across 4 to 5 floors with 16m height allowance.
Executive Summary
This is a rare opportunity to acquire a parcel in a unique 2-acre commercial bare land condominium development in West Edmonton’s Glastonbury neighborhood. . The site offers a prime platform for small to mid-scale developers and land acquisition and reduced operating costs
The designated parcel supports a generous build footprint of approximately 11,000+ sq. ft., with zoning that allows a height of up to 16 meters, making multi-level construction of 42,500 to 55,000 sq. ft. achievable. An additional 4,200 sq. ft. outdoor area enhances flexibility for amenities or patios.
he infrastructure benefits are significant, with pre-allocated spaces for waste management, green areas, and over 70 existing parking stalls plus room for 30 more—all eliminating costly site prep typical of standalone infill projects. Surrounded by a semi-affluent community of 40,000 within 2 km, and supported by superb connectivity to major arteries and public transit.
The designated parcel supports a generous build footprint of approximately 11,000+ sq. ft., with zoning that allows a height of up to 16 meters, making multi-level construction of 42,500 to 55,000 sq. ft. achievable. An additional 4,200 sq. ft. outdoor area enhances flexibility for amenities or patios.
he infrastructure benefits are significant, with pre-allocated spaces for waste management, green areas, and over 70 existing parking stalls plus room for 30 more—all eliminating costly site prep typical of standalone infill projects. Surrounded by a semi-affluent community of 40,000 within 2 km, and supported by superb connectivity to major arteries and public transit.
Property Facts
| Price | $850,000 CAD | Property Subtype | Apartment |
| Price Per Unit | $2,591 CAD | Apartment Style | Garden |
| Sale Type | Investment | Building Class | B |
| Sale Condition | Redevelopment Project | Building Size | 675,000 SF |
| No. Units | 328 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2022 |
| Zoning | RFS - Row Housing Zone | ||
| Price | $850,000 CAD |
| Price Per Unit | $2,591 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 328 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Building Size | 675,000 SF |
| No. Stories | 3 |
| Year Built | 2022 |
| Zoning | RFS - Row Housing Zone |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 328 | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
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Presented by
Stonepoint Real Estate Team
Guardian Villa Townhomes | 7003 199 St NW
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