11305 108 AV NW

Queen Mary Park, Edmonton · MLS® E4480220

363 m² lot · Land · Vacant Land · 206 days on market

listed by Dragic Janjic, REMAX River City

realtor's description

Exceptional redevelopment opportunity in one of Edmonton’s most vibrant areas! This property offers the chance to transform the existing site into a multi-family dwelling tailored to your vision. With the City of Edmonton’s newly passed zoning bylaw, the site is now classified as RM – Medium Scale Residential, opening the door to a variety of possibilities. The H16 zoning modifier permits development up to 16 metres in height (approximately four storeys), providing ample room for a modern multi-unit design. Additionally, the RM zone encourages mixed-use projects, allowing for commercial spaces on the ground floor—perfect for neighbourhood services or trendy retail. Located just steps from 124 Street, one of Edmonton’s most desirable lifestyle corridors, this site combines unbeatable accessibility with incredible potential for both residential and commercial appeal.

property details

type: Land, Vacant Land
lot: 363 m²
parking: 0
days on market: 206
MLS®: E4480220

features

Flat site
Level

city assessment

$210,000

2026 assessment · market value as of July 1, 2025

Up 16.3% from $180,500 in 2025
$207,500 in 2016 (1% over ten years)
Asking price is 114% above the assessment
Lot 363 m² (3,906 sq ft)

roll year	assessed
2026	$210,000
2025	$180,500
2024	$182,000
2023	$192,500
2022	$202,000
2021	$197,000
2020	$262,500
2019	$218,000

From City of Edmonton open data (property assessments), matched to 11305 108 AVENUE NW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

property tax

about $2,176 a year

The 2026 assessment times Edmonton's 2026 residential rate of 10.36 per $1,000 (municipal and education).

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure.

monthly cost

$1,956/mo

Mortgage $1,956

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$1,956/ monthly

loan $359,200

25-year amortization

down payment20% · $89,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $227,675
land title fees: $910; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $90,710; down + land title fees
total paid: $586,875

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

Queen Mary Park, EdmontonGoogle Maps ↗

Rapid transit: MacEwan LRT station, 800 m (about 12 min walk); Kingsway/Royal Alex LRT station, 1.1 km (about 18 min walk).

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 John A McDougallhomes in this catchment
24577.1 km away · 10930 - 107 Street NW, Edmonton · (780) 426-0205 · website
Elementary K to Gr 12 Victoriahomes in this catchment
24576.7 km away · 10210 - 108 Avenue NW, Edmonton · (780) 426-3010 · website
Middle Gr 7-9 Spruce Avenuehomes in this catchment
24577.4 km away · 11424 - 102 Street NW, Edmonton · (780) 479-0155 · website

From the Edmonton Public Schools's published catchment maps (2021, the latest published). A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

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