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Investment Highlights

  • Bay Plaza presents a rare owner/user opportunity to acquire a turnkey 3,329-SF medical office condo with exceptional visibility in South Edmonton, AB.
  • Surrounded by major amenities including South Edmonton Common, Winners, Tim Hortons, Olive Garden, Red Lobster, PetSmart, and Shoppers Drug Mart.
  • Two-level space features exam rooms, open-concept work areas, lab space, expansive windows with natural light, and six dedicated parking stalls.
  • Direct access to Gateway Boulevard and Whitemud Drive near major hospitals, serving 177,000 residents with CA$6.2 billion in annual spending power.

Executive Summary

Bay Plaza, located at 3160 Parsons Road NW in Edmonton, AB, presents a prime opportunity to acquire a 3,329-square-foot medical office condo designed for healthcare, wellness, and professional users. Spanning two levels, this premium commercial unit combines functional medical infrastructure with flexible office space, featuring expansive windows that provide abundant natural light, a mix of exam rooms and open-concept areas, second-floor lab space, and six dedicated parking stalls. Positioned at two signalized intersections, it benefits from exceptional visibility, prominent pylon signage, and exposure to more than 16,300 vehicles daily, creating a strong presence for medical practices and healthcare operators. The turnkey layout allows an owner/user to establish or expand operations while gaining long-term occupancy control and building equity in a well-maintained commercial asset. Located along Parsons Road, it provides direct connections to Gateway Boulevard and Whitemud Drive, creating efficient access to Edmonton's primary commuter routes and surrounding commercial districts. The location is anchored by nearby South Edmonton Common, one of Alberta's largest retail and commercial destinations, generating significant traffic and activity throughout the day. Medical professionals benefit from proximity to major healthcare institutions, including Grey Nuns Community Hospital within 5 kilometres and the University of Alberta Hospital and Stollery Children's Hospital within 10 kilometres. The surrounding area also offers an extensive amenity base, with national retailers and services such as Winners, Tim Hortons, Olive Garden, Red Lobster, PetSmart, and Shoppers Drug Mart nearby, enhancing convenience. South Edmonton continues to be one of the city's most dynamic commercial markets, supported by a population of 177,000 residents within a 5-kilometre radius, an average household income of CA$112,313, and annual consumer spending exceeding CA$6.2 billion. The area also benefits from a highly educated workforce, with 54% of residents holding a university degree or certificate, supporting demand for healthcare and professional services. Bay Plaza offers a prime opportunity for medical and professional owner/users seeking a strategic long-term location in one of Edmonton's most established and rapidly growing commercial nodes.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 3160
  • 3,329 SF
  • Office/Medical
  • $598,171 USD ($179.69 USD/SF)
  • -
Sale Type Owner User
No. Parking Spaces 6
Description
3,329 square feet available for sale.
Sale Notes
Premium commercial condo for sale on Parsons Road with excellent visibility and signage. Offering 3,329 square feet across two levels, this versatile space suits medical, professional, wellness, or retail uses. Features include six on-site parking stalls and strong access to major routes near South Edmonton Common.
Unit Unit Size Condo Use Price NOI
Unit 3160 3,329 SF Office/Medical $598,171 USD ($179.69 USD/SF) -

Unit 3160

Unit Size
3,329 SF
Condo Use
Office/Medical
Price
$598,171 USD ($179.69 USD/SF)
NOI
-

Unit 3160

Unit Size 3,329 SF
Condo Use Office/Medical
Price $598,171 USD ($179.69 USD/SF)
NOI -
Sale Type Owner User
No. Parking Spaces 6
Description
3,329 square feet available for sale.</li></ul>
Sale Notes
Premium commercial condo for sale on Parsons Road with excellent visibility and signage. Offering 3,329 square feet across two levels, this versatile space suits medical, professional, wellness, or retail uses. Features include six on-site parking stalls and strong access to major routes near South Edmonton Common.</li></ul>

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 73,956 SF
Property Type Office (Condo)
Property Subtype Office/Residential
Building Class B
Floors 2
Typical Floor Size 36,978 SF
Year Built 1999
Lot Size 2.46 AC
Parking Ratio 1.27/1,000 SF
Zoning BE - Business Employment Zone

Amenities

  • Bus Line
  • Signage
  • Storage Space
  • Natural Light
  • Partitioned Offices
  • Recessed Lighting
  • Drop Ceiling
  • Wi-Fi
  • Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100

Demographics

Demographics

1 Km. 1 Km. 3 Km. 3 Km. 5 Km. 5 Km.
1 KM
3 KM
5 KM
2023 Population
2,132
58,148
155,982
2023 Households
838
22,414
59,352
Median Household Income
$85,282
$75,293
$85,134
Daytime Employees
10,402
40,178
80,552
Total Businesses
516
2,847
6,140
College Degree + Higher
43%
36%
38%
$ values in CAD
  • Listing ID: 40887467

  • Date on Market: 6/11/2026

  • Last Updated:

  • Address: 3160 Parsons Rd NW, Edmonton, AB T6N 1L6

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