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Lynnwood Townhome Site 8721/8725/8731/8735 - 150 Street

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Lynnwood Townhome Site 8721/8725/8731/8735 - 150 Street Site Lynnwood Shopping Centre 87 Avenue 149 street Lynnwood Townhome Site 8721/8725/8731/8735 - 150 Street > 18,273 SF of townhome zoned land located just off 149 Street Asking Price: > Situated to allow for convenient access to numerous West Edmonton amenities such as: Lynnwood Shopping Centre, Meadowlark Shopping Centre, and West Edmonton Mall $1,295,000 > Ease of access to the downtown core, and south Edmonton (Via Whitemud Drive) ($82/SF) > Site is currently zoned for DC2 allowing for 9 townhomes and 9 accessory suites. (18 suites total) > Lynnwood and surrounding neighborhoods have become some of the most desirable infill neighborhoods in Edmonton Current Allowable Accessory DC2 Zoning 9 Units +9 Units AMIT GROVER JANDIP DEOL BRANDON IMADA Vice President Associate Vice President Associate 780 969 3006 780 969 3043 780 969 3019 [email protected] [email protected] [email protected] Site 87 avenue 149 street Specifications Easy A0ccess to Downtown Civic Address 8721/8725/8731/8735 - 150 Street The Property is located just north of 87th Avenue and east of 150th Street in the gentrifying Lynwood neighborhood. Situated Legal Plan Plan 5572HW, Block 1, Lot 15-18 just off of 149th Street, this location provides ease of access to virtually every amenity. 149 Street acts as the primary point of Neighbourhood Lynnwood access to Stony Plain Road and downtown Edmonton. It also al- Zoning DC2 (Direct Control) lows access to the Whitemud freeway, leading to the southside Edmonton, Anthony Henday Drive, and west-end suburban neigh- Allowable Units 9 Townhome Units & 9 Accessory Units borhoods. Additionally, 87 Avenue acts as a main artery road to West Edmonton Mall and the retail amenities along 170th Street. Current Zoning This site is currently zoned for nine townhome units plus nine accessory suites for each dwelling. Currently zoned under a special provision DC2 (973) zoning. All plans and renderings are available. Surrounding Neighborhoods In 2015, the completion of the Lynnwood Shopping Centre redevelopment brought a fresh new vibe to the communities surrounding it. Arguably the best redevelopment on all of 149 Street, the centre further supports the neighborhood by providing access to more banking, dining and healthcare options than ever before. For several years, the Laurier Heights and Parkview communities to the east have seen an influx of high end infill development. However, with a growing concern of affordability in Edmonton, providing alternative options in neighborhoods like Jasper Place and Lynnwood is becoming more and more attractive. Not only do these neighborhoods have more affordable development opportunities, they are significantly improving in what they have to offer. Centrally located and amenity rich, gentrification of the Lynwood and Jasper Place communities is well underway. Directly east of the site is the successfully redeveloped Lynwood Centre. To the west are eight newly developed skinny homes that offer high end detached rental accommodations and have drastically improved the overall feel of the neighborhood. With an increased demand for affordable townhome options, the Lynnwood Townhome Site offers favorable zoning in a gentrifying neighborhood with increasing demand. Rental Market Analysis MONTHLY RENTAL ADDRESS PRODUCT TYPE BEDROOMS SQUARE FEET COMMENTS RATE 3 appliances, in-suite 14907 - 108 Ave NW Townhouse 3 Bedroom $1,590 N/A laundry 1,200 SF + 600SF 3 appliances, in-suite 10365 - 146 Street NW Townhouse 3 Bedroom $1,640 basement laundry, water included 3 appliances, in-suite 14907 - 109 Ave NW Townhouse 3 Bedroom $1,600 1,050 SF laundry 3 appliances, in-suite 10438 - 166 Street Basement Suite 3 Bedroom $1,070 N/A laundry, water and electricity included 3 appliances, in-suite 14907 - 108 Ave NW Townhouse 3 Bedroom $1,590 N/A laundry 3 appliances, in-suite 8745 - 151 Street NW House: Main Floor 3 Bedroom $1,775 1,700 SF laundry, patio 3 appliances, in-suite 15922 - 93A Ave NW Basement Suite 2 Bedroom $950 N/A laundry, patio 3 appliances, in-suite 13408 - 109 Ave NW Basement Suite 3 Bedroom $1,200 750 SF laundry, water and electricity included 3 appliances, in-suite 11033 - 135 Street NW Basement Suite 2 Bedroom $1,100 N/A laundry 3 appliances, in-suite 12510 - 119 Ave NW Townhouse 2 Bedroom $1,350 N/A laundry 8716-8730 - 150 Skinny Home - Main 3 appliances, in-suite 3 Bedroom $1,800 1,600 SF STREET NW Floor laundry 8716-8730 - 150 Skinny Home - 3 appliances, in-suite 2 Bedroom $1,000 850 SF STREET NW Basement Suite laundry Due to the potential of townhome and accessory rentals on this site. Included are comparables of all new townhome and basement suite rental rates. The expected rental rate for new townhomes and similar rental product is $1,800/month, and the expected rate for new basement suites is $1,100/month. 7 1 9 3 2 11 3 1 4 4 5 2 6 8 10 5 6 8 7 Amenities Dining Establishments 1 Edmonton Public Li- School 1 Taco Bell brary - Jasper Place 8 Stratford School 2 McDonald’s 2 Meadowlark Health and 9 BMO Bank of Montreal 3 Pizza 73 Shopping Centre 10 Empanada Convenience 4 Buono Pizzeria & Grill 3 Walmart Superstore Store 5 Ichiban 4 Shoppers Drug Mart 11 St. Rose Junior High 6 Subway 5 RBC Royal Bank School 7 McDonald’s 6 TD Canada Trust 8 Cake Couture 7 Ecole Notre-Dame Aerials 149 street 149 87 avenue 87 avenue 87 avenue 149 street 149 street VIEW ONLINE collierscanada.com/25668 AMIT GROVER JANDIP DEOL Vice President Associate Vice President 780 969 3006 780 969 3043 [email protected] [email protected] COLLIERS MACAULAY NICOLLS INC. BRANDON IMADA RACHEL RINTALA 2210 Manulife Place, 10180 - 101 St Associate Client Project Coordinator Edmonton, AB T5J 3S4 780 969 3019 780 917 4153 780 420 1585 [email protected] [email protected] www.collierscanada.com This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2018. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Edmonton). *Personal Real Estate Corporation..
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