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8490 106A Avenue NW

Edmonton, Alberta T5H 0S8
MLS® A2235822109 days on marketListed Jul 4, 2025
Exclusive Offering
$8,900,000

Property Overview

This is your RARE DEVELOPMENT OPPORTUNITY to BUILD 2 HIGH RISE RESIDENTIAL CONDO TOWERS in a PRIME LOCATION in the CORE of EDMONTON in the heart of the master-planned Muttart Urban District of Downtown Edmonton, just steps to Commonwealth Stadium, Edmonton River Valley, Jasper Avenue and the LRT.

This land is perfectly located with amazing city walkability steps from a bikers paradise pathway system, close to great city transit options, up the hill from Dawson Park with stunning River Valley views, close to all amenities, shopping, Jasper Avenue, schools, recreation centers, shopping and much more. Share of our vision of building a healthy, happy, high-end community.

Phase 1 condo tower is a 30 story, 366 units, 265,510ft GFA. Phase 2 condo tower is a 22 story, 234 unit, 160928ft GFA. In total, the plans are to build over 600 units with 337 parking spots, 526 bicycle stalls and 490 storage lockers. Units consist of studio, 1 bedroom, 1bedroom + den, 2 bedroom, 2 bedroom + den, 3 bedroom and townhomes. There will be units with amazing Views of the River Valley, City, Golf course and Stadium.

Planned amenities include a pool, gardens, yoga/exercise area, BBQ station, picnic area. Ideal location for young professionals, young families, empty nesters that are downsizing, athletes (we’re next to Commonwealth Stadium), Post-secondary students from nearby universities looking to rent affordably and comfortably, and government employees, both short and long-term, seeking proximity to downtown. This is a rapidly developing and maturing neighbourhood with an influx of younger, wealthier buyers/renters, improved housing, new businesses, and increasing property values.

Luxurious, high-quality property with ample living space at an affordable price Proximity to downtown/city conveniences and amenities Ideal location for renters, close to the downtown core, with high earning potential. Premier ranked investment opportunity in Edmonton vs.

Toronto.

Alberta’s cost of living is lower than Ontario Notable designer (TBD) Multitude of amenities. More details available.

Contact us today if you are interested in this ONCE IN A LIFETIME OPPORTUNITY!

Investment Analysis

InvestCalgary Insights • Rental data from RentFaster.ca

Investment Considerations

Long Market Exposure: Significant negotiation opportunity. Consider reasons for extended listing period.
Land Investment: Evaluate rental demand and property management requirements for this property type.

Investment Analysis Disclaimer: These estimates are for informational purposes only and do not constitute financial advice. Actual rental income, expenses, and returns may vary. Consult with a qualified real estate professional before making investment decisions.