Urban Maxx Living

2 Bedroom, 2 Bath - $214,900.00

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Just Listed

515, 10518 113 Street | 2 Bed | 2 Bath

Looking for modern downtown living at an affordable price? Welcome to 515, 10518 113 Street NW in Queen Mary Park, a stylish 2 bedroom, 2 full bath condo in the sought-after Urban Maxx Living building. With an unbeatable location steps from MacEwan University, Rogers Place, the Brewery District, and downtown amenities, this is one of the best values on the market at $214,900.

Why This Condo Stands Out

What makes living here so remarkable?

Steel and concrete building

High Value

One of the biggest advantages of Urban Maxx Living is that it’s built with steel and concrete, not wood frame. This is a major differentiator in the Edmonton condo market. Better Soundproofing, Stronger Fire Safety, Long-Term Durability, Energy Efficiency, and Better ResaleValue. 

Location

Queen Mary Park, Edmonton

Living at Urban Maxx puts you in the heart of one of Edmonton’s most exciting, evolving neighbourhoods.

  • MacEwan University – walk to class in minutes

  • Rogers Place & Ice District – Oilers games, concerts, nightlife

  • Brewery District – craft breweries, gyms, groceries, cafés

  • Manchester Square & 124 Street – trendy shops and restaurants

  • Transit-friendly – quick LRT & bus connections across the city

This neighbourhood is in the middle of Edmonton’s revitalization zone, which means ongoing investment, infrastructure improvements, and rising long-term value.

Why Rent

When You Can Own?

This condo proves you don’t need to compromise on lifestyle to stay within budget:

  • Downtown views from your living room

  • Modern finishes at an attainable price point

  • Move-in ready with quick possession available

  • Priced at $214,900—offering one of the best value-for-location deals in the city

Property Highlights

2 Bedrooms 2 Bathrooms 839 sq ft Air Conditioning Modern kitchen Stainless steel appliances Large Patio Secure Indoor Parking Downtown Views BBQ Gas Hook Up In Suite Laundry Close to Transit

Queen Mary Park

Queen Mary Park is one of Edmonton’s most walkable and evolving neighbourhoods, blending downtown convenience with local charm. Just steps from MacEwan University, Rogers Place, the Brewery District, and Manchester Square, the area is filled with trendy cafés, restaurants, breweries, and independent shops. 

With ongoing revitalization projects and easy access to transit, Queen Mary Park is becoming a hub for students, young professionals, and investors who want to live close to the action while enjoying a true community vibe.

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Restrictive Covenants vs. Multiplex Zoning in Edmonton: What Homeowners Should Know

Disclaimer: This article is for general informational purposes only and does not constitute legal advice. As REALTORS®, our role is to help clients understand market realities, risks, and opportunities, and to connect them with qualified professionals when needed. Always consult a real estate lawyer before pursuing restrictive covenants or any legal strategy.

Edmonton’s New Housing Reality

City Council’s 2023 zoning reform changed the landscape across central Edmonton. As of January 1, 2024, most mature neighbourhoods are now zoned RS (Small Scale Residential).

That means many lots once reserved for single-detached homes can now be redeveloped as:

  • Semi-detached homes

  • Row houses

  • Garden or secondary suites

  • Multiplexes (up to 4 units)

The City’s stated goal: expand supply, support affordability, and make better use of infrastructure.

What Is a Restrictive Covenant?

A restrictive covenant is a legal condition registered on a property’s title that limits what can be built.

  • Runs with the land: It binds future owners.

  • Private enforcement: The City does not enforce it; neighbours must.

  • Subject to court oversight: Under Alberta’s Land Titles Act (s.48(4)), courts may discharge or modify covenants that conflict with zoning or public interest.

👉 In theory, a covenant could block a multiplex. In practice, enforceability is often contested and expensive to defend.

The Carruthers Caveat – Glenora’s Historic Shield

Glenora offers a rare example: the Carruthers Caveat (1911).

  • Covers 400+ homes, requiring large yards and character homes.

  • Has blocked development, including secondary suites, when challenged.

  • Works because of collective enforcement by neighbours.

📌 Important: Just because the Carruthers Caveat endures doesn’t mean new covenants today will be equally durable.

Crestwood and the New Wave

Inspired by Glenora, Crestwood residents are beginning to register covenants aimed at blocking multiplexes. Communities like Grovenor and McKernan are exploring similar strategies.

Neighbourhood covenants are stronger than one-off restrictions, but still face the reality of municipal policy and court oversight.

Case Law: When Courts Step In

  • Howse v. Calgary (2023): Alberta Court of Appeal ruled covenants can be discharged if they conflict with zoning and the public interest in densification.

  • New Casa Holdings (2021): A century-old covenant was upheld — showing that clarity and history matter.

Property Values: The Heart of the Concern

For most Edmonton homeowners, the issue isn’t just density — it’s value.

  • Infill often supports values: Replacing aging stock with new homes raises the quality baseline.

  • Resale demand improves: Central, walkable neighbourhoods with fresh housing options attract younger families.

  • Broader buyer pool: Multiplexes and row houses make areas more accessible to more buyers.

  • Restricted lots lose appeal: If a covenant bans redevelopment, developers won’t bid — reducing potential sale price.

👉 Translation: Infill done well can strengthen neighbourhood vitality and value. Restrictive covenants, by contrast, can narrow your resale market.

Lessons from Other Cities

  • Minneapolis: Broad reform slowed cost growth despite few triplexes.

  • Portland: Form-based zoning kept neighbourhood “character” while doubling housing choice.

  • Auckland: Wide-scale rezoning produced record supply and stabilized prices.

  • California: Legalizing ADUs created thousands of low-impact new homes.

  • Tokyo: Permissive zoning + transit keeps supply high and prices stable.

Thought Exercises for Edmonton

  • If every generation froze development, would Edmonton look the same today?

  • Is “character” about the form of houses, or the people inside them?

  • Should some neighbourhoods wall themselves off from affordability efforts?

  • What happens if every homeowner blocks density — does the housing crisis worsen?

Key Takeaways for Edmonton Homeowners

  • Restrictive covenants can stall redevelopment but are not iron-clad.

  • Courts lean toward pro-density outcomes.

  • Infill can enhance property values and neighbourhood renewal.

  • Alternatives exist: community advocacy, design-focused input, or private sale terms like right-of-first-refusal.

Conclusion

Restrictive covenants are part of Edmonton’s housing conversation, but they’re not a silver bullet. The bigger question is how we balance neighbourhood preservation with fairness, affordability, and growth.

At Iconic YEG, our role is to help homeowners understand market impact, not just paperwork, and to connect them with the right legal and planning resources.

👉 Thinking about selling, buying, or navigating Edmonton’s new zoning rules? Let’s talk.

Contact Caitlin Heine, Iconic YEG

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Data last updated on October 13, 2025 at 01:30 PM (UTC).
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