TD Tower, Suite 2700
10088 - 102 Avenue
Edmonton, AB T5J 2Z1
Tel.780.420.1177

Downtown Development Site

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Contact

Lance Frazier
lance.frazier@cwedm.com
780.970.2650

Seif Jiwaji
seif.jiwaji@cwedm.com
780.905.7143

Location

Address:
10593 101 Street NW
City:
Edmonton

Property Details

Property Type:
Investment
Sale / Lease:
Sale
Sale Price:
$1,990,000
Acres:
0.27

Description

A well recognized corner location on busy 101 Street, walking distance from downtown Edmonton. The site currently has a vacant two-storey, 2,200 sf, structure. Income can be achieved via building demolition and utilized for billboard signage and a parking lot. Highest and best use is a mixed use or commercial development. The maximum FAR is 3.5 and with a maximum height of 14.5m, the buildable area is 40,652 sf.
Located just north of the downtown core, in the growth area of Rogers Arena and Ice District. There are 12 residential towers proposed for the land directly north of Rogers arena west of the subject property.
MORTGAGE: Assumable mortgage available in the amount of $1,487,000. The payments are at 4.5% interest only until January 1st, 2024.