12225 77 ST NW NW

Elmwood Park, Edmonton · MLS® E4489613

973 m² lot · Land · Vacant Land · 154 days on market

listed by Kenneth Dodds, Exp Realty

realtor's description

Rare multifamily redevelopment opportunity in Edmonton’s evolving Exhibition Lands corridor. This 70' x 149.5' vacant lot (10,465 sq ft / approx. 972 m²) in Elmwood Park offers exceptional potential for missing-middle multifamily development, with key due diligence already completed. Development package includes: • Phase 1 Environmental Report • Comprehensive zoning/development analysis • Concept plans supporting up to 8 residential units Ideally located minutes from the City of Edmonton’s transformational Exhibition Lands / Northlands revitalization initiative, positioning the property for strong long-term rental demand and urban intensification. Highlights: • Oversized rectangular interior lot • Vacant land — no demolition required • Multifamily redevelopment potential • Excellent fit for CMHC MLI Select financing strategies • Strong frontage and depth for efficient design • Close to EXPO Centre, LRT, Downtown, NAIT, Concordia & Yellowhead Trail ****Strong candidate for cash flow development.****

property details

type: Land, Vacant Land
lot: 973 m²
parking: 0
days on market: 154
MLS®: E4489613

features

Treed
Flat site
Lane

city assessment

$256,500

2026 assessment · market value as of July 1, 2025

Up 5.1% from $244,000 in 2025
Asking price is 51% above the assessment
Lot 974 m² (10,481 sq ft)

From City of Edmonton open data (property assessments), matched to 12225 77 STREET 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 $2,658 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

$1,690/mo

Mortgage $1,690

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

estimated payment

$1,690/ monthly

loan $310,320

25-year amortization

down payment20% · $77,58020%+ 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: $196,693
land title fees: $805; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $78,385; down + land title fees
total paid: $507,013

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

location

Elmwood Park, EdmontonGoogle Maps ↗

Rapid transit: Coliseum LRT station, 800 m (about 12 min walk); Stadium LRT station, 2.1 km (about 33 min walk).

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 Deltonhomes in this catchment
24577.4 km away · 12126 - 89 Street NW, Edmonton · (780) 477-8742 · website
Middle Gr 7-9 Spruce Avenuehomes in this catchment
24577.3 km away · 11424 - 102 Street NW, Edmonton · (780) 479-0155 · website
Secondary Gr 10-12 Eastglenhomes in this catchment
24575.9 km away · 11430 - 68 Street NW, Edmonton · (780) 479-1991 · 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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