Sherwood Park development opportunity

Overview

This vacant 9.88-acre (430,514 SF) development site is located in Sherwood Park, Alberta, and is zoned MU1 (Mixed-Use), offering exceptional potential for a wide range of commercial, retail, residential, and hospitality projects. Its prime location positions the property to take full advantage of the region’s strong economy and high-income demographics.

With Sherwood Park’s thriving local economy, developers have the opportunity to create a dynamic residential and commercial hub that addresses the increasing demand for multi-family housing and commercial spaces.

Proposed plans for the property include a blend of commercial/retail, industrial, and condo or purpose-built residential rental units across 8.42 acres of developable area. Additionally, 1.46 acres are designated for a storm pond, providing essential infrastructure support.

Location

Sherwood Park, Alberta, is a rapidly growing community situated just east of Edmonton, within Alberta’s Industrial Heartland. Its prime location provides direct access to one of Canada’s largest industrial hubs, along with convenient regional connections to major highways, including the Yellowhead Highway and the Anthony Henday Ring Road.

The property itself boasts high visibility, positioned on the west side of Sherwood Drive, just south of the Yellowhead Highway. The surrounding area features well-established residential neighborhoods, as well as a strong mix of retail and hospitality businesses.

Notable nearby retailers include Walmart, Canadian Tire, Winners, Golf Town, Starbucks, and RONA. Additionally, prominent hotels such as Sandman Hotel, Four Points by Sheraton, TownePlace Suites by Marriott, and Hampton Inn by Hilton are all located within a 300-meter radius.

Recreational amenities like the Emerald Hills Leisure Centre, Centennial Park, and Millennium Place are also conveniently nearby, enhancing the overall quality of life for both residents and visitors.