McQueen Commercial Real Estate

Inner-west Edmonton's established Stony Plain Road commercial strip — ground-floor retail, mixed-use office, and infill redevelopment opportunities at 156 St serving a dense, transit-connected catchment.

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$24

Avg Net Lease ($/sq ft)

6.8%

Retail Vacancy Rate

800–4,000

Typical Bay Size (sq ft)

~18,500

Trade Area Population

Commercial Market Overview

McQueen is an established inner-west Edmonton neighbourhood anchored by the Stony Plain Road commercial corridor between approximately 149 Street and 163 Street. The district benefits from high daily traffic volumes on Stony Plain Road — one of Edmonton's principal east-west arterials — and strong LRT accessibility with the Misericordia and Glenora transit stations nearby. The commercial fabric ranges from mid-century strip plazas to renovated mixed-use blocks, with an increasing share of ground-floor retail beneath residential units as infill redevelopment matures.

The local trade area population of roughly 18,500 within a one-kilometre radius skews toward established households and a growing cohort of younger renters attracted by proximity to the Brewery District and downtown. This demographic mix supports a diverse retail and service tenant base including food and beverage, personal services, health and wellness, and specialty independent retail.

Key Commercial Corridors

Stony Plain Road between 149 Street and 163 Street forms McQueen's primary commercial spine, with ground-floor retail bays fronting the busy arterial. The 156 Street and Stony Plain Road intersection is the neighbourhood's commercial nucleus, hosting a concentration of food service, personal care, and convenience retail. Secondary commercial activity exists along 156 Street between 87 Avenue and Stony Plain Road, offering smaller neighbourhood-serving units in low-rise mixed-use buildings.

Industrial

Limited light-service and flex industrial on the western fringe near 163 St; small bay units 1,500–3,500 sq ft suited to trades, auto service, and small contractors.

Retail

Strip plaza bays and ground-floor mixed-use retail averaging 800–2,500 sq ft along Stony Plain Rd; anchored by independent food and beverage and personal service tenants.

Office

Second-storey office suites in older strip plazas and new mixed-use buildings; medical, dental, and professional services well-represented; suites from 500–3,000 sq ft.

Land

Infill redevelopment sites along the Stony Plain Rd corridor; City of Edmonton supports mixed-use upzoning under the Mature Neighbourhood Overlay; lots typically 6,000–12,000 sq ft.

Investment Drivers

McQueen's investment case rests on its inner-city location, transit access, and the ongoing densification of west-central Edmonton. The City's Stony Plain Road area redevelopment plan encourages mixed-use infill, supporting land values and providing a clear regulatory pathway for redevelopment. Strong foot traffic and a captive residential population within walking distance underpin retail rents, while proximity to the University of Alberta Hospital and Misericordia Community Hospital drives sustained demand for medical and allied health office space. Cap rates for well-leased mixed-use assets typically range from 5.5% to 6.5%.

Development Pipeline

Several mid-rise mixed-use projects are in various stages of planning along the Stony Plain Road corridor in McQueen, reflecting the area's transition from low-rise strip commercial to denser, pedestrian-oriented development. Ground-floor retail in new builds is attracting national and regional food and beverage operators. Older single-storey plazas in the core of the corridor are being assessed for redevelopment, presenting acquisition opportunities for developers seeking sites with high traffic exposure and existing commercial zoning.

Frequently Asked Questions

What types of commercial property are available in McQueen Edmonton?

McQueen's commercial inventory centres on the Stony Plain Road corridor and includes ground-floor retail bays, second-storey office suites, mixed-use buildings, and a small number of light-service industrial units near 156 Street. Strata and leasehold opportunities exist in both older mid-century strip plazas and renovated mixed-use blocks.

What is the average commercial lease rate in McQueen Edmonton?

Net lease rates along Stony Plain Road in McQueen typically range from $22 to $30 per square foot for retail, with office suites running $18 to $24 per square foot net. Older strip plaza bays trade at a discount to newer product. CAM charges average $10 to $14 per square foot.

Is McQueen a good area for medical or dental office in Edmonton?

Yes — proximity to the Misericordia Community Hospital and the University of Alberta Hospital campus makes the inner-west corridor, including McQueen, a well-established medical and allied health cluster. Second-storey suites along Stony Plain Road and 156 Street are actively leased by physicians, dentists, physiotherapists, and specialists serving the large residential catchment.

What is the redevelopment potential on Stony Plain Road in McQueen?

The City of Edmonton's Stony Plain Road area redevelopment plan designates much of the corridor for mixed-use intensification, permitting four- to six-storey buildings with ground-floor commercial. Older single-storey strip plazas on larger lots represent the most compelling redevelopment value, particularly sites with rear lane access and existing commercial zoning that allows immediate permitting flexibility.

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