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OLD STRATHCONA DEVELOPMENT SITE Edmonton, AB

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OLD STRATHCONA DEVELOPMENT SITE Edmonton, AB FOR SALE Downtown Kinsmen Sports Centre Old Strathcona Farmers’ Market King Edward School Roots On Whyte Shoppers Drug Mart Whyte Avenue CIBC Gateway Blvd 99 Street OLD STRATHCONA DEVELOPMENT SITE Edmonton, AB 21,764 SF of development land in Old Strathcona Amit Grover, Principal Jandip Deol, Principal Brandon Imada, Associate Jayde Lee, Administrative Coordinator 780.540.5421 780.540.5422 780.702.5826 780.758.9655 [email protected] [email protected] [email protected] [email protected] www.avisonyoung.com OPPORTUNITY Old Strathcona remains as one of the most popular infill developments neighbourhoods across the city, with numerous residential and commercial developments underway along Whyte Avenue. The Old Strathcona Development 99 Street Site presents an excellent opportunity to differentiate by developing a unique mixed use project along one of Edmonton’s most lively streets. Several very successful new developments have recently been complete or are in development including: Raymond Block, Strathcona Hotel, Southpark On Whyte, The Mezzo, The Trax, Peli at Scona, and more, further proving the viability of this neighbourhood for increased rental density. With the close proximity to the University of Alberta, and a plethora of retail amenities, Strathcona proves to be one of Edmonton’s most resilient rental markets. Whyte Avenue Former Shell Gas Station site that was decommissioned in 2009 (tanks removed). Brownfield Redevelopment Grant Program approved for the site remediation. PROPERTY SUMMARY MUNICIPAL ADDRESS 9950 - 82 Avenue Old Strathcona Development Land LEGAL ADDRESS Plan I, Block 71, Lot 1-5 HIGHLIGHTS Edmonton, AB NEIGHBOURHOOD Old Strathcona Close to the River Valley and LOCATION ZONING Millcreek Ravine CB2 Old Strathcona is one of Edmonton’s liveliest neighbourhoods and SITE SIZE is home to numerous arts and entertainment facilities, as well as Future LRT local shopping options for residents and nearby University of Alberta 21,764 SF Walking distance to numerous restaurants, boutique clothing store students. The younger population and family-friendly environment has ASKING PRICE and cafés drawn many high-profile vendors into the neighborhood. Whyte Ave $2,995,000 ($138 PSF) $ is home to over 600 businesses, the Old Strathcona Farmers’ Market $ and countless festivals. This superior location offers exceptional walking Steps away from Old Strathcona Farmer’s Market access to amenities including restaurants, coffee shops, boutique retail, fitness and entertainment. Seven-minute drive to the University This desirable residential area has a number of schools in close of Alberta proximity, including University of Alberta, King Edward Elementary, King Edward Academy, Millcreek School, Old Scona Academy, Queen Alexandra School. There is also neighbourhood renewal underway to 78 55 87 Convenient site access with frontage improve roads, sidewalks, and curbs. directly on Whyte Avenue Hawrelak Park University of Alberta Victoria Park Golf Course University of Alberta Hospital Downtown Kinsmen Sports Centre Old Strathcona Farmers’ Market Strathcona Park Whyte Avenue King Edward School 99 Street Amit Grover, Principal Jandip Deol, Principal Brandon Imada, Associate Jayde Lee, Administrative Coordinator 780.540.5421 780.540.5422 780.702.5826 780.758.9655 [email protected] [email protected] [email protected] [email protected] avisonyoung.com Follow @AYEdmonton ©2020 Avison Young Real Estate Alberta Inc. All rights reserved. The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract. Date of publication: June 2020.
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