7615 89 AV NW

Idylwylde, Edmonton · MLS® E4512058

557 m² lot · Land · Vacant Land · 17 days on market

listed by Adam Tassone, Lux Real Estate Inc

realtor's description

Developer & Investor Alert in Idylwylde! Rare shovel-ready opportunity on a prime 50'x121' 6,050sqft (15.2m x 36.6m 557sqm) lot on a beautiful tree-lined street. The old home is demolished a development permit is already CITY APPROVED for an incredible legal 4plex (duplex with suites). The approved plans feature two massive units: one side ~1,700 sqft and the other ~1,800 sqft. Each side boasts 3 bdrms and 2.5 baths above grade, PLUS a separate 2-bdrm basement suite on both sides—offering massive rental income potential! A 4-car garage completes the backyard.Building permits can be issued in ~45-90 days, allowing for a late 2026 or early 2027 construction start. Pre-construction work to date has been handled by a local infill specialist, Skyward Homes, who can stay on to build or seamlessly hand over the project. Don't like the layout? Blueprints and permits can still be changed to suit your vision. Amazing location close to schools, shopping, transit, and downtown! See additional photos for duplex plans.

property details

type: Land, Vacant Land
lot: 557 m²
parking: 0
days on market: 17
MLS®: E4512058

features

Flat site
Lane
Level
Public Swimming Pool

monthly cost

$1,851/mo

Mortgage $1,851

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

estimated payment

$1,851/ monthly

loan $339,920

25-year amortization

down payment20% · $84,98020%+ 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: $215,455
land title fees: $865; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $85,845; down + land title fees
total paid: $555,375

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

location

Idylwylde, EdmontonGoogle Maps ↗

Rapid transit: Bonnie Doon LRT station, 900 m (about 14 min walk); Holyrood LRT station, 900 m (about 14 min walk).

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 6 Rutherfordhomes in this catchment
24565.5 km away · 8620 - 91 Street NW, Edmonton · (780) 466-2891 · website
Middle Gr 7-9 Kenilworthhomes in this catchment
24564.6 km away · 7005 - 89 Avenue NW, Edmonton · (780) 466-2104 · website
Secondary Gr 10-12 McNallyhomes in this catchment
24566.8 km away · 8440 - 105 Avenue NW, Edmonton · (780) 469-0442 · 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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