North Edmonton — 118 Avenue Corridor · Calder · McLeod · Heritage Neighbourhood Commercial

Calder / McLeod North Edmonton

North Edmonton heritage neighbourhood commercial along the 118 Avenue corridor. Diverse independent retail, community services, and multifamily densification investment opportunities in Calder and McLeod — established north Edmonton communities with value-add commercial potential.

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$14–24/sfRetail Net Rent

6.0–7.5%Retail Cap Rate

4.5–5.5%Multifamily Cap Rate

ValueBelow-Market Entry

Property Types

What's Available in Calder / McLeod

Neighbourhood Strip Retail

$14–24/sf net

Independent · Diverse · Community-Serving

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Professional Services Office

$12–18/sf net

Medical · Dental · Legal · Social

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Community Commercial

$12–20/sf net

Non-Profit · Services · Food Market

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Value

Below-Market Entry

$18/sf

Avg Retail Net Rent

Heritage

North Edmonton Fabric

Infill

Densification Potential

Sub-Markets

Key Nodes — Calder & McLeod North Edmonton

118 Avenue Commercial Corridor

118 Ave · Calder to McLeod · North Edmonton

Primary commercial spine for north Edmonton's Calder and McLeod communities. Strip retail, ethnic food, community services, and small professional offices serving a diverse north Edmonton residential catchment. Value-add investment opportunities.

RetailMixed-Use

$14–22/sfRetail Net

6.0–7.5%Cap Rate

Calder Neighbourhood Nodes

Calder · Heritage Commercial Pockets

Heritage commercial buildings and independent retail pockets within the Calder community. Opportunity for adaptive reuse and repositioning as north Edmonton densification drives renewed interest from investors and developers.

RetailOffice

$14–20/sfRetail Net

6.5–7.5%Cap Rate

Multifamily Densification

Apartment · Infill · Medium Density

Mature apartment buildings and infill medium-density residential in Calder and McLeod benefit from the City of Edmonton's infill and densification policies along mature neighbourhood corridors. Low entry prices with redevelopment upside.

MultifamilyMixed-Use

Market RentsMature Apts

4.5–5.5%Cap Rate

Professional and Community Services

Medical · Legal · Social Services

Medical clinics, legal aid, immigration, and community social service organizations occupy commercial space along the 118 Ave corridor. Stable tenancy from community-serving organizations provides reliable income.

OfficeRetail

$12–18/sfOffice Net

6.5–7.5%Cap Rate

Calder / McLeod — North Edmonton Market Overview

Calder and McLeod are established north Edmonton heritage neighbourhoods with commercial activity centred on the 118 Avenue corridor. The corridor features a mix of independent retail, diverse food and service uses, professional services, and community organizations serving north Edmonton's established residential communities.

Commercial values in this area are below those of south Edmonton or west Edmonton comparable assets, offering investors value-add opportunities with below-market entry cap rates of 6.0–7.5%. Strip plazas along 118 Avenue have potential for repositioning as north Edmonton densification policies attract new residential investment.

The City of Edmonton's mature neighbourhood renewal and densification policies support multifamily investment in Calder and McLeod. Infill sites and mature apartment buildings present opportunities for investors seeking north Edmonton exposure with redevelopment upside at accessible price points.

Cap Rates & Lease Rates — 2025 Market Data

Asset Class	Cap Rate Range	Lease Rate	Vacancy	Notes
Neighbourhood Strip Retail	6.0–7.5%	$14–24/sf net	~10%	Community-serving; value-add opportunities
Professional Services Office	6.5–7.5%	$12–18/sf net	~12%	Medical, legal, social services tenants
Multifamily (Mature Apartment)	4.5–5.5%	Market rents	~4%	Infill and densification corridor
Infill / Development Site	Below-market	N/A	N/A	Mature neighbourhood; densification policy

Frequently Asked Questions — Calder / McLeod Commercial Real Estate

What is commercial activity like along 118 Avenue in Calder and McLeod?

118 Avenue is the primary commercial corridor for north Edmonton's Calder and McLeod neighbourhoods. It features a mix of independent retail, ethnic food, professional services, medical clinics, and community organizations serving a diverse north Edmonton residential base.

What are retail cap rates in Calder and McLeod?

Retail cap rates in Calder and McLeod range from 6.0–7.5% in 2025, reflecting the value-oriented positioning of this north Edmonton commercial corridor. These rates are above typical south Edmonton comparable strip retail, reflecting higher vacancy and shorter lease terms.

What are lease rates on the 118 Ave corridor?

Retail net rents on 118 Avenue in the Calder and McLeod area range from $14–24/sf net in 2025. Professional services office space leases at $12–18/sf net. The area offers below-market lease rates compared to south Edmonton.

Is there multifamily investment opportunity in Calder and McLeod?

Yes. Calder and McLeod offer multifamily investment opportunities in mature apartment buildings at below-south-Edmonton prices. City of Edmonton densification policies support infill development along mature neighbourhood corridors, adding long-term upside.

Who should I contact to invest in Calder or McLeod commercial real estate?

Contact Canada's Home Commercial. We specialize in north Edmonton commercial real estate including 118 Avenue corridor strip retail, professional office, and multifamily investment in Calder and McLeod.

Explore Calder / McLeod Commercial Opportunities

North Edmonton heritage corridor retail, professional office, and multifamily investment with below-market entry points and densification upside.

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