Exceptional redevelopment opportunity in sought-after McKernan. This large 50' x 132' lot offers prime value in one of Edmonton’s most desirable infill communities, making it an ideal acquisition for builders, investors, or buyers looking to secure land in a high-demand location. Perfectly positioned close to LRT, University of Alberta, and only a few steps from Mckernan School, the property offers outstanding future appeal for redevelopment. Excellent potential for skinny homes, duplex development, or a long-term buy-and-hold land strategy in a neighbourhood where new infill demand remains strong. The existing over 1,600 sq ft bungalow has previously been used as a rental property and provides holding income potential while future plans are explored. A rare chance to secure a substantial lot with immediate utility and exceptional upside. Property sold as-is where-is.
Courtesy of Marcel J de Moissac and Ricky D Hill of RE/MAX Elite
Data was last updated April 25, 2026 at 09:30 AM (UTC)
Area Statistics
Listings on market:
131
Avg list price:
$725,000
Min list price:
$249,000
Max list price:
$4,490,000
Avg days in system:
34
Min days in system:
1
Max days in system:
477
Avg price per sq.ft.:
$478.7
These statistics are generated based on the current listing's property type
and located in
Zone 15. Average values are
derived using median calculations. This data is not produced by
The Association's MLS® System.
Data last updated on April 25, 2026 at 09:30 AM (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.