Market Overview
Montgomery is a mature northwest Edmonton community whose neighbourhood commercial activity runs near 107 Avenue and 142 Street, serving an established residential population in one of Edmonton's most desirable inner NW areas. The community sits adjacent to Glenora, Grovenor, and Westmount — some of Edmonton's most affluent residential neighbourhoods — providing a high-income catchment for neighbourhood commercial tenants. Retail NNN lease rates in the Montgomery area range from $18 to $26 per sq ft per year.
The Montgomery commercial strip serves a mature, stable residential community with a mix of local service retail, personal services, and professional offices that have operated in the area for many years. The surrounding residential communities — Glenora, Grovenor, and Westmount — are characterized by high household incomes and strong spending on premium neighbourhood services, supporting above-average lease rate performance relative to comparable mature suburban commercial markets.
Key Commercial Corridors
107 Avenue NW runs east-west through the Montgomery area, serving as the primary commercial artery and connecting the neighbourhood to the broader NW Edmonton commercial network and to the Westmount commercial node to the east. Commercial properties along 107 Avenue NW capture both local neighbourhood traffic and the commuter flows on this important NW Edmonton arterial.
142 Street NW provides north-south connectivity through the Montgomery area, linking the commercial node to the communities of Grovenor and Crestwood to the south and to the northwest Edmonton residential areas to the north. The 107 Avenue NW and 142 Street NW intersection serves as the primary commercial anchor for the Montgomery neighbourhood, with strip plaza and standalone commercial inventory serving the community's everyday needs.
Asset Classes
Personal Services
Hair, beauty, and wellness businesses serving the affluent inner NW Edmonton residential demographic. Rates $20–$26 NNN.
Professional Office
Accounting, legal, and consulting offices serving the high-income Glenora, Grovenor, and Westmount catchment.
Specialty Food & Café
Independent cafés, bakeries, and specialty food stores for the established inner NW demographic.
Medical & Dental
Neighbourhood medical and dental offices serving the mature residential population of Montgomery and surrounds.
Investment Drivers
Montgomery commercial properties offer investors access to a stable, high-income inner NW Edmonton market with proven tenancy and a well-established residential catchment. The affluent surrounding communities of Glenora, Grovenor, and Westmount support above-average spending on neighbourhood services, providing a commercial income foundation that is more resilient than comparable markets serving lower-income residential catchments.
Cap rates for Montgomery commercial properties range from 5.5% to 7.0%, reflecting the mature neighbourhood positioning and the stable income profile of the market. Long-term investors who hold Montgomery commercial through Calgary economic cycles have historically been rewarded with consistent occupancy and modest rent growth driven by the scarcity of commercial supply in the established NW Edmonton residential fabric.