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Edmonton commercial district
124 Street Commercial Real Estate Guide
124 Street is one of Edmonton's main street shopping districts, known for independent restaurants, art galleries and boutiques in a walkable, low to mid rise setting. Here is what commercial buyers and tenants should know.
Business association124 Street and Area
BIA areaJasper Ave at 121 St to 111 Ave
BIA since1988
LRTValley Line West, expected 2028
Where it is
- The business association covers the 124 Street corridor from 121 Street on Jasper Avenue north to 111 Avenue.
- 124 Street forms the boundary between Wîhkwêntôwin and Westmount; Inglewood lies north of 111 Avenue.
- The street runs 4.7 km from Jasper Avenue to the CN yards north of Yellowhead Trail.
What is there
- Independent restaurants, art galleries, boutiques, coffee houses, antique and specialty stores and premium services.
- Galleries run a Gallery Walk twice a year.
- The 124 Street Grand Market opened its 2026 season with a block party on May 14.
Projects and zoning
- LRT: Valley Line West includes a 124 Street stop, with the line expected to be complete in 2028.
- Jasper Avenue: Imagine Jasper Avenue rebuilds 117 to 121 Street in 2026 and 121 to 124 Street in 2027.
- Alleys: the 124 Street BIA Alley Renewal (rebuilt alleys, LED lighting, drainage) is in planning and design, with Council committing to finish by the end of 2030.
- Rezoning: Priority Growth Area rezoning, passed after a May 20, 2025 public hearing, covered the 124 Street corridor. Not every parcel was included, so check each site on the City zoning map.
Questions
Do businesses on 124 Street pay a BIA levy?
Yes, businesses inside the boundary are members through an annual business tax levy. The City collects it and returns it to the association quarterly.
Is LRT coming to 124 Street?
Yes. Valley Line West includes a 124 Street stop, and the line is expected to be complete in 2028.
Is there construction planned near 124 Street?
Jasper Avenue between 121 and 124 Street is scheduled for 2027, and alley renewal is in planning with completion committed by the end of 2030.
Was 124 Street rezoned?
Some sites were rezoned through the Priority Growth Area rezoning passed in May 2025. Not all land in the corridor was included, so confirm the zone for each parcel.
Buying, selling or leasing?
Our commercial team works with buyers, sellers, landlords and tenants across Edmonton. See commercial real estate services, leasing, retail space for sale, office space for sale, industrial property for sale and businesses for sale on HauptRealty.com.
Commercial listings on EdmontonRealtor.ca
More Edmonton commercial guides
Edmonton commercial market reportCommercial zoning guideWhyte Avenue and Old StrathconaDowntown EdmontonAlberta Avenue (118 Avenue)Kingsway DistrictChinatownStony Plain Road and Jasper PlaceFort Road and BeverlySouth Edmonton CommonWest Edmonton Mall areaGateway Boulevard and Calgary Trail
Sources: 124 Street and Area Business Association; 124 Street BIA overview; Wikipedia, 124 Street; CTV News Edmonton; Wikipedia, Valley Line (Edmonton); City of Edmonton, Imagine Jasper Avenue; City of Edmonton, 124 Street BIA Alley Renewal; City of Edmonton, Priority Growth Area Rezoning; Engaged Edmonton, Wihkwentowin and 124 Street rezoning; Global News.
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