North Edmonton — 153 Ave Corridor · Medical Office · Suburban Neighbourhood Commercial

Eaux Claires / Chambery Commercial Real Estate

North Edmonton's Eaux Claires and Chambery communities offer neighbourhood plaza retail on 153 Ave, medical and professional office serving the north Edmonton residential population, and a range of multifamily including townhomes, condos and walk-up rental.

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5.25–6.5%Retail Cap Rate

4.5–5.5%Multifamily Cap Rate

$15–21/sfOffice Gross Rent

$27.26Mill Rate (Non-Res)

Property Types

What's Available in Eaux Claires / Chambery

Retail

$18–28/sf net

Neighbourhood Commercial · Strip Plaza · Service Retail

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Multifamily

Market rent from $1,250/mo

Purpose-Built Rental · Townhomes · Condos

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Retail

Cap rate 5.25–6.5%

Strip Plaza · Neighbourhood Commercial

View Retail for Sale →

Multifamily

Cap rate 4.5–5.5%

Purpose-Built · Condo · Townhome

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Eaux Claires / Chambery Submarkets

Key Nodes in Eaux Claires / Chambery

153 Ave Neighbourhood Plazas

Suburban Neighbourhood Commercial

Retail

Neighbourhood commercial plazas on the 153 Ave corridor serve the Eaux Claires and Chambery residential catchment. Grocery, pharmacy, restaurant, personal services and convenience retail fill strip bays serving day-to-day suburban needs. Established residential population provides stable commercial demand and consistent plaza occupancy.

$18–26/sfStrip Bay Net

5.25–6.5%Cap Rate

Medical and Professional Office

North Edmonton Office Market

Office

North Edmonton’s large residential population generates sustained demand for medical and professional office. Physicians, dentists, optometrists, physiotherapists, financial planners and legal services firms occupy purpose-built office in the Eaux Claires area. Stable long-term leases and predictable tenancy profiles generate reliable investment income.

$15–21/sfOffice Gross

6.5–8.0%Cap Rate

Townhomes and Condos

Suburban Residential Investment

Multifamily

Townhome and condo product in Eaux Claires and Chambery serves the north Edmonton residential demographic. A mix of newer and established product across price points provides investment options for individual condo investors and multi-unit buyers. North Edmonton rental demand, community amenities and transit access support occupancy fundamentals.

4.5–5.5%Cap Rate

North EdmontonRental Demand

Walk-Up Rental Apartments

Established Rental Stock

Multifamily

Walk-up apartment buildings in Eaux Claires provide established rental stock serving the north Edmonton renter demographic. A mix of older and newer vintage buildings offers investors options across the value-add versus stabilized spectrum. Below-market rents in older buildings provide renovation and management upside for active value-add investors.

4.75–5.5%Cap Rate

Value-AddPotential

Eaux Claires Commercial Node

Established Suburban Strip Commercial

Retail

The Eaux Claires commercial node provides an established suburban strip commercial environment serving the surrounding residential communities. National and local service tenants — financial, food, personal care, medical — generate stable strip income in a well-established north Edmonton trade area with consistent residential demand.

EstablishedTrade Area

LowVacancy Profile

Chambery Residential Investment

North Edmonton Growth Community

Multifamily

Chambery is a newer north Edmonton community providing modern multifamily investment alongside Eaux Claires. Modern residential product in Chambery attracts quality north Edmonton tenants seeking updated finishes in a family community environment. Proximity to established Eaux Claires commercial, schools and community facilities supports strong rental occupancy fundamentals.

NewerVintage Product

FamilyCommunity

5.25–6.5%

Retail Cap Rate

4.5–5.5%

Multifamily Cap Rate

$15–21/sf

Office Gross Rent

$27.26

Non-Res Mill Rate 2025

Eaux Claires / Chambery Edmonton — Market Overview

Eaux Claires and Chambery are established and growing north Edmonton communities offering a diversified commercial investment landscape across retail, office and multifamily. The 153 Ave corridor anchors neighbourhood commercial activity serving the substantial north Edmonton residential population.

Medical and professional office serves a large north Edmonton catchment, with physicians, specialists, dental, financial and legal services firms occupying purpose-built office with long lease terms. Multifamily ranges from older walk-up rental with value-add potential to newer condo and townhome product in Chambery. Edmonton’s 2025 non-residential mill rate of $27.26 and zero provincial income tax improve investor returns across all Eaux Claires / Chambery asset classes.

Eaux Claires / Chambery Cap Rates & Market Data (2025)

Asset Class	Submarket	Cap Rate	Notes
Retail — Neighbourhood Strip Plaza	153 Ave Corridor	5.25–6.5%	Service, grocery, restaurant, pharmacy
Office — Medical / Professional	Eaux Claires	6.5–8.0%	Physician, dental, financial, legal
Multifamily — Townhome / Condo	Eaux Claires / Chambery	4.5–5.5%	Mixed vintage, north Edmonton demand
Multifamily — Walk-Up Rental	Eaux Claires Residential	4.75–5.5%	Older stock, value-add potential

Why Investors Choose Eaux Claires / Chambery

Population-driven commercial demand. Growing residential population drives increasing neighbourhood commercial occupancy and rent growth — providing built-in upside for strip plaza investors in this Edmonton suburban market.

Newer multifamily vintage. Recent product vintage reduces deferred maintenance risk and provides modern finishes that attract quality tenants and support market-rate rents without renovation investment.

Edmonton suburban fundamentals. Strong interprovincial migration, zero provincial income tax and affordable housing relative to BC markets continue to drive Edmonton population growth and rental demand.

No provincial income tax. Alberta's zero provincial income and sales tax advantage directly improves after-tax returns for Eaux Claires / Chambery investors across all commercial property types.

Eaux Claires / Chambery Edmonton — Frequently Asked Questions

What commercial real estate is available in Eaux Claires / Chambery Edmonton?

Eaux Claires and Chambery offer neighbourhood plaza retail on 153 Ave, medical and professional office, and multifamily including townhomes, condos and walk-up rental apartments. These are established north Edmonton communities with a large residential catchment supporting diversified commercial activity.

What are retail cap rates in Eaux Claires Edmonton?

Retail cap rates in Eaux Claires / Chambery run 5.25-6.5% in 2025. Neighbourhood commercial plazas on 153 Ave trade across this range depending on anchor strength, tenant mix and lease term. Grocery-anchored and medical-anchored strips trade at the tighter end.

What are multifamily cap rates in Eaux Claires Edmonton?

Multifamily cap rates in Eaux Claires / Chambery are 4.5-5.5% in 2025. Newer townhome and condo product trades at the tight end; older walk-up rental with value-add potential trades closer to 4.75-5.5%.

How do I invest in Eaux Claires / Chambery Edmonton commercial real estate?

Contact Canada's Home Commercial via our contact form, or call 780-545-5955. We advise on Eaux Claires / Chambery retail, medical office and multifamily investment across north Edmonton.

Looking at Eaux Claires / Chambery Edmonton?

Our Edmonton advisors cover Eaux Claires / Chambery neighbourhood retail, 153 Ave medical office and north Edmonton multifamily investment.

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