Exceptional TURNKEY PRIME LOCATION multi family DEVELOPMENT OPPORTUNITY in the desired Wellington community. This fully APPROVED 7 PLEX CORNER LOT is construction ready, providing a streamlined path to development while reducing timelines, costs and risk. Extensive due diligence has been completed, including land survey, geotechnical report and asbestos remediation. The property includes fully APPROVED demolition and building development PERMITS, site plan, professional landscaping design, and complete professional architectural drawings with renderings. An appraised completed value (3.4M) is available, making this an excellent candidate for MLI SELECT CMHC financing. Situated on a 50 x 124 corner lot with rear alley access, the site offers excellent design flexibility, strong curb appeal and added privacy, supporting long term tenant retention and premium rents. Located in a family friendly area close to parks, schools and major amenities. A rare shovel ready investment* asset in a strong rental market.
Approved Development Permit. Displaying the property address and a description for the construction of a multi-unit housing building with seven dwellings
Architectural Renderings. Displaying multiple elevations and the legal description for the property
The property features a front yard with a concrete pathway leading to the main entrance, a large mature tree, and a shrub
The property features a well-maintained lawn with mature trees and a prominent flowering shrub
The property features a detached garage with two garage doors and a paved driveway
Data was last updated April 15, 2026 at 09:30 PM (UTC)
Area Statistics
Listings on market:
57
Avg list price:
$427,000
Min list price:
$199,980
Max list price:
$879,000
Avg days in system:
28
Min days in system:
1
Max days in system:
210
Avg price per sq.ft.:
$374.25
These statistics are generated based on the current listing's property type
and located in
Zone 01. Average values are
derived using median calculations. This data is not produced by
The Association's MLS® System.
Data last updated on April 15, 2026 at 09:30 PM (UTC).
Copyright 2026 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.