9716 Riverside Dr NW

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$3,497,750

9716 Riverside Dr NW

Crestwood, Edmonton · MLS® E4511128

1,620 m² lot · Land · Vacant Land · 23 days on market

listed by Amanda Olivari, REMAX River City

realtor's description

Rare Crestwood opportunity on prestigious Riverside Drive. This huge ravine-facing lot offers unmatched potential for a signature estate home or a high-end two-lot redevelopment (subject to approval). With sweeping ravine and city views, direct trail access, and surrounded by luxury residences, the site provides exceptional width and depth for an executive bungalow or grand two-storey design, triple/quad garage, and resort-style outdoor living. Developers will appreciate the generous frontage, strong resale demand, and blue-chip location steps to the River Valley. A true ready-to-build parcel with no demolition costs or delays—an ideal canvas for creating a legacy home or two premium infill properties in one of Edmonton’s most sought-after communities.

property details

type: Land, Vacant Land
lot: 1,620 m²
parking: 0
days on market: 23
MLS®: E4511128

features

Private setting
Ravine
Lane

city assessment

$1,944,500

2026 assessment · market value as of July 1, 2025

Up 10.2% from $1,765,000 in 2025
$2,219,500 in 2016 (-12% over ten years)
Asking price is 80% above the assessment
Lot 1,620 m² (17,433 sq ft)

roll year	assessed
2026	$1,944,500
2025	$1,765,000
2024	$1,645,500
2023	$2,975,500
2022	$2,795,000
2021	$2,559,000
2020	$2,565,000
2019	$2,767,500

From City of Edmonton open data (property assessments), matched to 9716 RIVERSIDE DRIVE 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 $20,151 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

$15,239/mo

Mortgage $15,239

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

estimated payment

$15,239/ monthly

loan $2,798,200

25-year amortization

down payment20% · $699,55020%+ 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: $1,773,608
land title fees: $6,400; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $705,950; down + land title fees
total paid: $4,571,808

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