Rundle Heights Overview
Rundle Heights is an established northeast Edmonton neighbourhood situated adjacent to Rundle Park, bounded by 118 Avenue NE to the south, 132 Avenue NE to the north, Manning Drive to the east, and 50 Street NE to the west. The community features one of northeast Edmonton's most significant green space assets in Rundle Park, which serves as a regional recreational draw and contributes to the neighbourhood's residential appeal and commercial trade area depth.
The commercial character of Rundle Heights is concentrated along 118 Avenue NE, where a continuous strip of neighbourhood retail, medical offices, and service commercial businesses serves Rundle Heights and the adjacent communities of Beverly, Abbottsfield, and Homesteader. The 118 Avenue NE corridor through northeast Edmonton has historically been one of the most active commercial streets in the quadrant, with a diverse mix of independent and national retailers catering to a broad multicultural residential customer base.
Key Commercial Corridors
118 Avenue NE is the dominant commercial corridor for Rundle Heights, running east-west along the southern boundary of the neighbourhood. Key commercial nodes concentrate at the 50 Street NE and 66 Street NE intersections, where higher traffic counts and bus stop adjacency support retail critical mass. The corridor is a designated Mainstreet in Edmonton's City Plan, supporting commercial land use protection and investment incentives along its length.
Manning Drive NE at the eastern boundary of Rundle Heights provides secondary commercial access with higher-traffic arterial frontage suited to automotive services, gas station, and large-format commercial uses. The Manning Drive corridor connects Rundle Heights directly to the Northeast Industrial area and the Clareview Transit Centre, creating both commercial and transit connectivity that benefits the neighbourhood's businesses and their customers.
Asset Classes
Neighbourhood Retail
Strip retail bays from 800–4,000 sf along 118 Avenue NE. Diverse independent and national tenant mix serving northeast Edmonton's multicultural residential base.
Medical & Professional Office
Medical plazas and stand-alone office buildings from 600–3,000 sf. Strong demand from family medicine, dental, pharmacy, and allied health operators.
Investment Strip Centres
Multi-tenant retail investments at 5.8%–6.5% cap rates. Essential-service tenant profiles and long historical occupancy provide reliable NOI for private investors.
Service Commercial
Manning Drive NE frontage sites suited to automotive, gas bar, and large-format commercial uses with high daily traffic counts from NE arterial corridor.
Investment Drivers
Rundle Heights benefits from northeast Edmonton's sustained population growth, with new residential communities in Crystallina Nera, Matt Berry, Cy Becker, and Brintnell continuously adding to the trade area population that shops and accesses services along the 118 Avenue NE corridor. This growing residential base provides a durable long-term demand floor for Rundle Heights neighbourhood retail and medical office, keeping vacancy rates well below Edmonton's northeast average.
The neighbourhood's proximity to Rundle Park — a 120-hectare regional park with sports fields, a golf course, and river valley access — is a meaningful quality-of-life attribute that attracts and retains professional and service-industry tenants willing to pay above-market rents for Rundle Heights office space. Investor cap rates in the 5.8%–6.5% range reflect this dual demand driver of population growth and park-adjacent desirability.
Development Pipeline
Commercial development activity along 118 Avenue NE in Rundle Heights includes a proposed mixed-use redevelopment at the 66 Street NE intersection, incorporating ground-floor retail with upper-level office and residential uses. Edmonton's Mainstreet designation for 118 Avenue NE supports this type of intensification through reduced parking requirements and commercial land use protection, creating a favourable policy environment for mixed-use investment along the Rundle Heights commercial corridor.