Description

Jones Lang LaSalle Real Estate Services, Inc. (“JLL” and/or the “Advisor”) is pleased to offer for sale a 100% freehold interest in Clifton Place Development Opportunity (the “Site” and/or the "Offering") located at 10123/27/31 Clifton Place NW in Edmonton, Alberta. Clifton Place Development Opportunity is an extraordinary land opportunity that commands an irreplaceable location atop Edmonton’s river valley with stunning, unobstructed views.

The Offering is being listed with an asking price of $9,750,000 (~$248 PSF). The Site presents a rare opportunity to acquire a development-ready site with approved zoning for up to 88 large residential units in one of Edmonton’s most prestigious and desirable neighbourhoods.

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Attributes

Land area gross

3,650 m²

Zoning

Site Specific Development Control Provision (DC2 (1186))

Max FAR

3.6

Max Buildable SF

141,440

Asking price

CHF 5,710,000

Media

Investment Highlights

Irreplaceable River Valley Location: Residents will enjoy direct connectivity to over 160 kilometres of trails for cycling, running, and year-round recreation.
Immediate access to trendy retail, dining establishments, parks, playgrounds, and numerous recreational facilities.
Easy access to public transit is provided through bus stops along 102 Avenue, and the new Valley Line West LRT (projected for 2028).
Approved Site Specific Development Control Provision (DC2 (1186)) zoning, specifically designed to accommodate a comprehensive redevelopment into a mixed-use site.
The Site's location and zoning provide exceptional flexibility for developers. The area demographics support a variety of product types, from high-end luxury condominium development to purpose-built rental and seniors housing.
The Clifton Place Development Opportunity is currently improved with three estate homes that provide the opportunity to generate rental income during planning and approval stages prior to development.