Cascadia Lands

10008 109th Street Northwest, Edmonton, AB, T5J 1M4, CA

Description

Jones Lang Lasalle Real Estate Services, Inc. (“JLL”) is pleased to offer for sale a 100% freehold interest in 10008 109 Street NW (the “Cascadia Lands”, the “Property”, or the “Site”), a 48,583 square foot (SF) mixed-use redevelopment site commanding a prime, high-exposure corner in Downtown Edmonton. This institutional-grade land and development opportunity features two attached commercial buildings and a paved surface parking lot, presenting exceptional scalability for core-plus and value-add investors.

The Site is offered at a list price of $7,040,000 ($145 per SF) and is available to prospective purchasers free and clear of any financial encumbrances. The Downtown Edmonton location provides strong demographics, access to LRT transit, and proximity to major amenities, supporting robust long-term value creation and NOI growth through asset stabilization or large-scale redevelopment.

No offer, regardless of form or content, will create any binding legal obligation upon the Vendor or the Advisor until fully executed by the Vendor and Purchaser. All Offers to Purchase require a Court approved Schedule “A” and must be subject to Court Approval. Prospective investors are invited to sign and return the Confidentiality Agreement (CA) for JLL Data Room Access

For more information about the Site, please reach out to JLL Capital Markets, Alberta (See advisors below)

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Attributes

Land area gross

45,853 sf

Zoning

CMU

Configuration

Two attached buildings + surface parking

Media

Investment highlights

Prime Downtown Edmonton Location with Unmatched Visibility

Located at the high-traffic corner of 100 Avenue NW and 109 Street NW, Cascadia Lands enjoys exposure to over 34,500 vehicles daily and is steps from the Ice District, Government District, and Jasper Avenue. Immediate access to major employers, shops, dining, and entertainment, plus proximity to the river valley trail system, create exceptional lifestyle and business appeal.

Excellent Connectivity

Cascadia Lands offers excellent connectivity with Corona and Government Centre LRT stations just minutes away, providing rapid access to downtown, the University of Alberta, and major hubs. Frequent bus routes, bike lanes, and immediate access to the river valley trail system further enhance mobility and recreation for residents and visitors.

In-Place Holding Income Provides Stability and Flexibility

The current surface parking lot and digital signage generate stable holding income, minimizing carrying risk for investors and providing flexibility during the planning or approval process.

Highly Versatile Commercial Mixed-Use Zoning (CMU)

Flexible CMU zoning allows for a variety of development options—residential, retail, or office—giving investors the ability to respond to evolving market demand and maximize long-term value.