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.
Jandip Deol
Avison Young
