What is the asking price for Prairie Sky Multifamily Land?

The lease rate for space here is Contact for pricing.

What is the total size of Prairie Sky Multifamily Land?

The property has a total size of 13.49 Acres.

How many parking spaces are available at Prairie Sky Multifamily Land?

Parking information for the property isn't currently listed.

Highway 16 & Sherwood Drive, Sherwood Park, AB

For Sale $18,818,550
Property Type Other
Property Size 587,624.4 SF
Date Updated Jul 9, 2026

Description

Located beside Sherwood Park’s Emerald Hills mixed-use node, the Property benefits from immediate access to one of the area’s strongest retail and service hubs. Emerald Hills Shopping Centre and the surrounding commercial corridor provide a broad mix of national retailers, grocery, restaurants, financial services, and everyday conveniences, creating a true live-work-shop environment that enhances tenant appeal.

The Property is also close to Strathcona Community Hospital, Millennium Place, and the Emerald Hills Leisure Centre, all of which add meaningful amenity value and reinforce the area’s established, family-oriented character. The Property offers convenient access to Highway 16 and the Anthony Henday, making regional travel into Edmonton and throughout the Capital Region efficient for residents. Nearby transit access at Bethel Transit Terminal also provides direct commuter service to downtown Edmonton and key institutional destinations. Combined with Sherwood Park’s extensive trail network, parks, and recreation amenities, the Property sits in a well-served and highly accessible location with strong long-term appeal.

Highlights

AMENITY RICH LOCATION
FULLY SERVICED SITE
Located beside Sherwood Parks Emerald Hills mixed-use node, the Property benefits from immediate access to one of the areas strongest retail and service hubs. Emerald Hills Shopping Centre and the surrounding commercial corridor provide a broad mix of national retailers, grocery, restaurants, financial services, and everyday conveniences, creating a true live-work-shop environment that enhances tenant appeal.
PREMIUM ZONING DESIGNATION
Sherwood Parks purpose-built rental pipeline remains limited relative to the areas sustained population growth, positioning a future development to benefit from constrained supply and strong localized demand.
SUPPLY-CONSTRAINED SUBMARKET
The Property will be fully serviced with municipal water, sewer, and power in place with site preparation scheduled for completion in Fall 2027, streamlining the path from acquisition to construction.
The Propertys R5 zoning within the Compact Development Policy Area allows for 65% building site coverage and 35% surface parking exempting the site from the underground parking mandates imposed on neighbouring compact zones and significantly reducing the volume of underground parking required. Townhouse and stacked townhouse dwellings are also permitted as a discretionary use where an apartment building exists on the same lot.