Commercial Market Overview
Westmount is one of Edmonton's most walkable and character-rich inner-city commercial neighbourhoods, anchored by the Westmount Centre grocery-anchored plaza and the heritage storefronts along Stony Plain Road (105th Avenue) and 124th Street. The area benefits from a dense, affluent residential catchment, proximity to the Kingsway and Oliver employment nodes and direct transit connections along the 105th Avenue corridor. Commercial assets here are tightly held and consistently outperform Edmonton suburban averages on occupancy and rent growth.
Heritage building conversions for boutique retail and upper-floor office have been a defining trend over the past decade, attracting independent food, wellness and creative sector tenants who value Westmount's authentic streetscape over new suburban strip plazas. Investors seeking stable, low-vacancy inner-city commercial income find Westmount particularly compelling as a core hold.
Key Commercial Corridors
Stony Plain Road NW (105th Avenue) between 121st Street and 130th Street is the primary commercial artery, featuring the Westmount Centre anchored by Save-On-Foods, alongside independent retail and restaurant uses. The 124th Street NW corridor — the "Arts District" — runs from 102nd Avenue north to 111th Avenue and supports gallery, cafe, boutique retail and professional office uses in a highly walkable, character-rich setting. Secondary plazas and convenience retail serve the surrounding residential blocks.
Investment Drivers
Westmount's investment fundamentals are driven by scarce inner-city supply, affluent and growing residential density, and the continued "urbanization" trend drawing residents and tenants from suburban areas. The 124th Street Arts District is a proven brand that attracts high-quality independent tenants willing to pay above-market rents for authentic character space. The area's strong walk score, cycling infrastructure and transit access to downtown position it as a top-tier inner-city commercial investment destination. Edmonton's City Plan supports continued gentle intensification along both the Stony Plain Road and 124th Street corridors.
Development Pipeline
Westmount has several active mixed-use developments underway, including a 96-unit purpose-built rental project with 4,000 sf of ground-floor retail on 124th Street and a boutique hotel conversion on Stony Plain Road. Three additional rezoning applications for 5–8 storey mixed-use buildings are in progress along the 124th Street corridor. The City of Edmonton's 124th Street Area Redevelopment Plan continues to support incremental intensification while preserving the area's heritage commercial character.