Whyte Avenue Land Site

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Address: 9724 82 Ave NW, Edmonton, AB T6E 1Y5, Canada

+ Apartment Buildings

Created date: November 27, 2024

Date last updated: November 27, 2024

Strathcona and its surrounding communities will see a population growth of up to 10% in the next 2 years, driven by 35% student growth at the University of Alberta (U of A, Folio)
This area of Edmonton has a strong history of multifamily housing with low vacancy rates of 1.2% (CMHC Rental Market Survey)
Site is within a 2-minute drive of the entertainment district on Whyte Avenue, providing over 370 storefronts and 1.2 million SF of commercial space

Property Description

The site is located along 82 avenue in the sought after neighbourhood of Strathcona. This district in Edmonton has a history of low vacancy and successful multifamily properties. The site’s position at 97th street is ideal for accessing the two major features of this area: the entertainment district of Whyte Avenue, and the scenic walking paths of Mill Creek Ravine. The site is also within a 10 minute drive or transit ride to the University of Alberta campus, which is projecting student growth of 35% in the next ten years. These future students, along with the general thousands currently migrating to the city, will increase rental demand in the Strathcona area. This site holds a prime location within the neighbourhood to take advantage of these housing needs.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$1,750,000
Lot Size:	15.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here