7003 199 St NW - Apartments FOR SALE


Edmonton, AB T5T 3A8- West
$850,000 CAD
403-294-1500
7003 199 St NW, Edmonton, AB for Sale
$850,000 CAD
Apartments - FOR SALE
1/7
null | Request Cap Rate

7003 199 St NW
Edmonton, AB T5T 3A8
West


HIGHLIGHTS

  • High visibility between Anthony Henday Drive and 199th Street with direct public transit access.
  • Development-ready site engineered to reduce demolition, parking, and infrastructure costs.
  • Zoning provides flexibility for medical, professional office, retail services, and other urban commercial uses.
  • Build-out potential of 42,500 to 55,000 sq. ft. across 4 to 5 floors with 16m height allowance.

OVERVIEW

This is a rare opportunity to acquire a parcel in a unique 2-acre commercial bare land condominium development in West Edmonton’s Glastonbury neighborhood. . The site offers a prime platform for small to mid-scale developers and land acquisition and reduced operating costs The designated parcel supports a generous build footprint of approximately 11,000+ sq. ft., with zoning that allows a height of up to 16 meters, making multi-level construction of 42,500 to 55,000 sq. ft. achievable. An additional 4,200 sq. ft. outdoor area enhances flexibility for amenities or patios. he infrastructure benefits are significant, with pre-allocated spaces for waste management, green areas, and over 70 existing parking stalls plus room for 30 more—all eliminating costly site prep typical of standalone infill projects. Surrounded by a semi-affluent community of 40,000 within 2 km, and supported by superb connectivity to major arteries and public transit.

FOR SALE DETAILS

PRICE

$850,000 CAD

PRICE/SF

$1 CAD /SF

# OF UNITS

328

PRICE/UNIT

$2,591

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Guardian Villa Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RFS

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Joe BellandStonepoint Real Estate TeamMore Info
403-294-1500

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Joe BellandStonepoint Real Estate TeamMore Info
403-294-1500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.