West Edmonton — Stony Plain Road West · West Jasper Place · Grovenor · Mature Neighbourhood Commercial

West Jasper Place / Grovenor Edmonton

Mature west Edmonton neighbourhood commercial along Stony Plain Road west of 149 Street. Independent retail, professional services, health and wellness, and multifamily investment in established residential communities with stable long-term demand.

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$18–28/sfRetail Net Rent

6.0–7.0%Retail Cap Rate

4.5–5.5%Multifamily Cap Rate

MatureStable West Edmonton

Property Types

What's Available in West Jasper Place / Grovenor

Neighbourhood Strip Retail

$18–28/sf net

Independent · Services · Health & Wellness

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Professional Services Office

$16–22/sf net

Medical · Dental · Legal · Financial

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Mixed-Use Above-Retail

$18–26/sf net

Apartment · Office · Flex

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Stable

Mature West Edmonton

$23/sf

Avg Retail Net Rent

Low

Neighbourhood Vacancy

Multi

Multifamily Demand

Sub-Markets

Key Nodes — West Jasper Place & Grovenor

Stony Plain Road Strip

149 St to 156 St · West Jasper Core

Primary retail strip serving West Jasper Place and Grovenor residential communities. Independent restaurants, convenience retail, health services, and professional offices. Stable neighbourhood demand from established residential catchment.

RetailOffice

$20–28/sfRetail Net

6.0–6.5%Cap Rate

Grovenor Commercial Nodes

Grovenor · 142 St Area

Neighbourhood commercial pockets in the Grovenor district serving the mature riverside residential community. Small-format independent retail, personal services, and community-serving commercial.

RetailMixed-Use

$18–24/sfRetail Net

6.0–7.0%Cap Rate

Multifamily Corridor

Apartment Investment · West Edmonton

Mature apartment buildings along and adjacent to Stony Plain Road offer multifamily investment opportunities. Stable west Edmonton residential demand, low vacancy, and favourable cap rates relative to newer suburban product.

MultifamilyMixed-Use

Market RentsApartments

4.5–5.5%Cap Rate

Professional Services Office

Medical · Dental · Financial

Above-retail and standalone professional services offices serving west Edmonton's mature residential population. Strong demand for dental, medical, and financial services from an established, higher-income west Edmonton catchment.

OfficeRetail

$16–22/sfOffice Net

6.5–7.5%Cap Rate

West Jasper Place / Grovenor — Edmonton Market Overview

West Jasper Place and Grovenor are established mature west Edmonton neighbourhoods with commercial activity anchored along Stony Plain Road, the primary commercial arterial west of 149 Street. These communities feature a mix of independent retail, professional services, and neighbourhood-serving commercial in a stable, established residential setting.

The area's commercial fundamentals are supported by a high-income mature west Edmonton residential catchment, consistent neighbourhood demand for services, and limited new retail supply. Investment in strip retail plazas along Stony Plain Road delivers stable income with cap rates of 6.0–7.0%, attractive to investors seeking west Edmonton exposure without growth-area development risk.

Multifamily investment opportunities exist in mature apartment buildings serving the area's residential demand. These assets offer stable cap rates of 4.5–5.5% with low vacancy driven by west Edmonton's strong rental market fundamentals.

Cap Rates & Lease Rates — 2025 Market Data

Asset Class	Cap Rate Range	Lease Rate	Vacancy	Notes
Neighbourhood Strip Retail	6.0–7.0%	$18–28/sf net	~7%	Community-serving; stable independent tenants
Professional Services Office	6.5–7.5%	$16–22/sf net	~8%	Medical, dental, financial; mature catchment
Mixed-Use Building	5.5–6.5%	Blended	~5%	Retail + residential above; stable income
Multifamily Apartment	4.5–5.5%	Market rents	~2%	Mature west Edmonton; low vacancy

Frequently Asked Questions — West Jasper Place Commercial Real Estate

What commercial activity is in West Jasper Place and Grovenor?

West Jasper Place and Grovenor are mature west Edmonton neighbourhoods with neighbourhood commercial activity concentrated along Stony Plain Road west of 149 Street. The area features independent retail, professional services, health and wellness, and multifamily residential above retail. The corridor serves established west Edmonton residential communities with stable long-term demand.

What are retail cap rates in West Jasper Place?

Retail cap rates in West Jasper Place range from 6.0–7.0% in 2025. Well-leased neighbourhood strip retail with community-serving tenants trades toward 6.0–6.5%. Value-add assets with deferred maintenance or shorter leases trade at 6.5–7.0%.

What are lease rates along Stony Plain Road west?

Retail net rents along Stony Plain Road in the West Jasper Place area range from $18–28/sf net in 2025. Professional services and health clinic space leases at $16–22/sf net. Multifamily rents reflect west Edmonton mature market conditions.

What multifamily opportunities exist in West Jasper Place and Grovenor?

West Jasper Place and Grovenor offer multifamily investment opportunities in mature apartment buildings and mixed-use residential above commercial along the Stony Plain Road corridor. Cap rates for multifamily in this area typically range from 4.5–5.5% depending on building age and condition.

How do I find commercial real estate in West Jasper Place?

Contact Canada's Home Commercial. We specialize in west Edmonton mature neighbourhood commercial real estate including the West Jasper Place and Grovenor corridors along Stony Plain Road.

Explore West Jasper Place Commercial Opportunities

Stable west Edmonton neighbourhood retail, professional office, and multifamily investment with established residential demand and consistent income.

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