Cascadia Lands

JLL, as advisor, is pleased to present Cascadia Lands, located at 10008 - 109 Street NW, Edmonton, Alberta. This unique opportunity offers a 100% freehold interest in a 48,583 SF mixed-use redevelopment site in the heart of Downtown Edmonton. This high-exposure corner site provides compelling value, positioned strategically amidst key city districts.

The Cascadia Lands feature existing improvements with two attached commercial buildings and a paved parking lot. The site will be offered as-is, priced at $3,490,000. It is free from financial encumbrances, available for purchase until October 8, 2026. With a FAR of 7.0 allowing for up to 340,081 SF of buildable space, the site supports diverse use potential under its flexible Commercial Mixed-Use zoning.

Strategically located at the bustling intersection of 100 Avenue NW and 109 Street NW, the property enjoys proximity to influential districts such as the Ice District, Government District, and Business District. It is within walking distance of essential amenities, major employers, and the vibrant Jasper Avenue retail hub. The property boasts excellent connectivity with nearby Corona and Grandin LRT stations and frequent bus routes.

The investment thesis highlights potential for robust growth driven by Edmonton’s downtown development dynamics and strong demographic trends, including a 4.0% annual population growth within 1 km of the site. Cascadia Lands is poised to deliver stable cash flow through its holding income from parking and signage while offering significant long-term value creation possibilities. This strategic redevelopment site perfectly balances income stability with transformational growth.