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Jasper Avenue High Rise Site 2 Properties in Edmonton, AB
Investment Highlights
- Corner lot property offering strong visibility along Jasper Avenue.
- Easy access to major roadways and public transportation with a high transit score.
- Proximity to River Valley Trails and local parks enhances pedestrian engagement.
Executive Summary
Colliers is proud to present a highly desirable residential/commercial site located in Central Edmonton. This corner location within the prestigious neighbourhood of Oliver/Wihkwentown provides high traffic exposure, easy access to the commercial amenities of Downtown Edmonton, and close proximity to the natural beauty of the North Saskatchewan River Valley. Mass transit, bus and LRT lines are located nearby.
The site provides temporary holding income from retail and office tenants located in Jasper Centre and the Pyrc Building. These structures contain 52,816 square feet and 13,591 square feet respectively. When ready for development, the site contains a total of 54,540 square feet of area. The dense Site Specific Zoning currently in place at the site will accommodate two residential towers with main floor retail use. It permits building heights of 590 feet and 328 feet respectively with floor area ratios of 16.5 and 12.0 respectively. It should be noted, however, that the City will allow for a variety of uses/densities at the property should they be desired by a purchaser.
The current built form supports stable income generation, while the long-term vision for the site envisions the transformation into two residential towers with active mixed-use podiums. These podiums are intended to enhance the pedestrian experience along Jasper Avenue, 115 Street NW, and the adjacent lane, creating a vibrant, people-focused streetscape that transitions seamlessly into the surrounding residential character of Oliver. This is a strategic acquisition for those seeking an income-producing asset today with high-potential redevelopment value tomorrow.
The site provides temporary holding income from retail and office tenants located in Jasper Centre and the Pyrc Building. These structures contain 52,816 square feet and 13,591 square feet respectively. When ready for development, the site contains a total of 54,540 square feet of area. The dense Site Specific Zoning currently in place at the site will accommodate two residential towers with main floor retail use. It permits building heights of 590 feet and 328 feet respectively with floor area ratios of 16.5 and 12.0 respectively. It should be noted, however, that the City will allow for a variety of uses/densities at the property should they be desired by a purchaser.
The current built form supports stable income generation, while the long-term vision for the site envisions the transformation into two residential towers with active mixed-use podiums. These podiums are intended to enhance the pedestrian experience along Jasper Avenue, 115 Street NW, and the adjacent lane, creating a vibrant, people-focused streetscape that transitions seamlessly into the surrounding residential character of Oliver. This is a strategic acquisition for those seeking an income-producing asset today with high-potential redevelopment value tomorrow.
Property Facts
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 74,393 SF |
| Status | Active | Total Land Area | 1.30 AC |
| Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 74,393 SF |
| Total Land Area | 1.30 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 11454-11456 Jasper Av NW, Edmonton, AB T5K 0M1 | Office | 60,000 SF | 1976 | - |
|
Pyrch Building
11460 Jasper Av NW, Edmonton, AB T5K 0M1 |
Retail | 14,393 SF | 1965 | - |
Contacts
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Raymond Townsend -
Rick Argue -
Mark Basi -
Taylor Shukalak -
Perry Gereluk -
Colliers
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Jasper Avenue High Rise Site
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