Landrex

What Landrex does

Landrex is a privately held, founder-owned Canadian land development and real estate company headquartered in St. Albert, Alberta, operating since 1972 under CEO Larry Andrews. The company develops master-planned residential communities and builds, owns, and leases commercial properties primarily across the Edmonton Capital Region, including St. Albert, Fort Saskatchewan, Morinville, Beaumont, Spruce Grove, Stony Plain, Gibbons, Ponoka, and Sherwood Park. Residential offerings span single-family estates, luxury custom home lots, duplexes, townhouses, and the more recent East Pine multi-family rental and East Village mixed-use product, delivered through a network of 50+ home builder partners including an affiliated builder (Dynasty Builders). Commercial properties under the Landrex umbrella include medical offices such as Summit Centre (across from Sturgeon Community Hospital), retail and office space at Erin Ridge Pointe, Summit Plaza, Heartland Commons, Fenwyck Landing, Westwinds Plaza, Westwinds North, Ponoka Civic Building, Stage 15 Erin Ridge North corridor, and the Canadian Western Bank Building in Sherwood Park.

The business model is two-stream. Residential revenue is generated by selling developed lots to home builders under partnership arrangements and through direct showhome sales centers in active communities, generating one-time lot sale revenue per transaction; the company reports it has transformed over 6,000 residential lots since inception. Commercial revenue is generated by leasing retail, medical, office, and warehouse space to tenants (e.g., long-term anchor tenants such as Canadian Western Bank on a 15-year lease), producing recurring rental income typically billed monthly with operating cost pass-throughs around $12.50-$15.17/SF. Distribution is direct: residential lots go through builder partnerships and on-site showhome centers; commercial space goes through direct leasing inquiries via the company website. Marketing relies on community-focused channels — content marketing, a free downloadable business-location guide, email newsletter, community event sponsorships (Farmers' Market, Gold Medal Plates), showhome events, and the long-running Big Brothers Big Sisters Dream Home Lottery placement program (over 35 years as primary sponsor).

There is no proprietary technology platform; the company operates on conventional real estate development workflows, a WordPress-based marketing site, and standard CRM/email marketing infrastructure. The business is entirely founder-owned with no institutional private equity or public market exposure identified.

Name

Landrex

Legal name

Landrex Inc.

Website

https://landrex.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

11–50 employees

Short description

Landrex is a privately held, founder-owned Canadian land development company headquartered in St. Albert, Alberta, developing master-planned residential communities and commercial properties across the Edmonton Capital Region for home builders, individual buyers, and commercial tenants.

Ownership category

akta.pro rank

Product category

Land Development and Commercial Real Estate

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Real Estate (5311), Nonresidential Property Managers (531312)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operators Of Nonresidential Buildings (6512), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

Land & Development Site Brokerage (BPAJABAG)

Keywords

• Land development services
• Residential community development
• Commercial property leasing
• Master-planned communities
• Real estate property development

Headquarters

HQ city

Saint Albert

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Residential Land Development: Landrex develops residential communities and sells individual lots to home builders. The company partners with numerous home builders who construct homes on Landrex-developed land, creating revenue through lot sales and enabling home construction in their communities.
2. Commercial Property Leasing: Landrex develops and leases commercial properties including retail, office, medical, and warehouse spaces. Properties like Summit Centre, Erin Ridge Pointe, and Westwinds Plaza generate rental income through long-term and short-term lease agreements with businesses.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Landrex is a full-suite real estate development company that develops master-planned residential communities and commercial properties in the Edmonton capital region of Alberta. The company sells residential lots to a network of 50+ home builder partners (custom, production, and luxury builders) and develops commercial properties (retail, office, medical, and warehouse) that it leases directly to business tenants across multiple Edmonton-area municipalities.

Product overview

Landrex is a full-suite real estate development company offering diversified residential and commercial property development. The company's core offerings consist of master-planned residential communities (including Erin Ridge North, Windsor Pointe, Westwinds, Heritage Valley Estates, East Village, Fairways North, Ridgeview at the Quarry, and Fenwyck) and commercial properties for lease and sale (including Summit Centre, Erin Ridge Pointe, Summit Plaza, Erin Ridge Business Park, Stage 15 Erin Ridge North, Westwinds Plaza, Westwinds North, Heartland Commons, Fenwyck Landing, Ponoka Civic Building, and Canadian Western Bank Building). Landrex also maintains partnerships with over 30 home builders including Dynasty Builders, Alquinn Homes, Veneto Custom Homes, and others to deliver homes across its residential communities.

Differentiator

Problem solved

Functional benefit

Products and services

• Erin Ridge North Master-planned residential neighborhood in St. Albert featuring landscaped green spaces, parks, recreation areas, tree-lined walking paths, and homes from five builders including Veneto Homes, Dynasty Builders, Romaya Homes, and Alves Development.
• Windsor Pointe Family-friendly Landrex community in Fort Saskatchewan with 25 kilometres of walking trails, green spaces, parks, and proximity to the North Saskatchewan River, offering single-family homes and duplexes from Super Homes.
• Westwinds Landrex residential community in Morinville near St. Kateri Tekakwitha Academy with walking paths, a pond, green spaces, landscaped features, playgrounds, and highway access.
• Heritage Valley Estates Luxury Landrex community in Morinville with 54 lots including 14 oversized lots for custom home building.
• East Village Mixed-use development by Landrex and Fort McKay First Nation in St. Albert offering over 55,000 square feet of mixed-use space with modern apartment-style condos, walkability, a one-acre amenity park, and commercial retail including Chick-fil-A.
• East Pine Multi-family affordable Landrex housing development for rent in Beaumont, surrounded by walking trails, parks, and near the Beaumont Outdoor Rink, shopping, and restaurants.
• Fairways North Family-friendly Landrex community in Stony Plain backing onto Stony Plain Golf Course with panoramic golf course views, nearby parks, walking trails, and homes from HRD Homes, Sancity Homes, Alquinn Homes, and Attesa Homes.
• Ridgeview at the Quarry Luxury Landrex community in rural Northeast Edmonton adjacent to Quarry Ridge Golf Course and the North Saskatchewan River Valley, with estate homes from Castlestone Homes, Envirux Homes, and True North Custom Homes.
• Sherwood Golf and Country Club Estates Prestigious Landrex estate community in Sherwood Park with incomparable architecture, vast estate lots, and forested landscaping, operated as a public lot community.
• Fenwyck New Landrex community in East Spruce Grove situated on approximately 80 acres of environmentally preserved forest with modern amenities, featuring homes from Lyonsdale Homes and Alquinn Homes.
• Heartland Meadows Landrex residential development in Gibbons, Alberta providing highway and Edmonton access for new home buyers.
• Summit Centre Fully leased medical and office building developed by Landrex across from Sturgeon Community Hospital in St. Albert, with units ranging from 246 to 2,541 SF and operating costs of $15.17/SF.
• Erin Ridge Pointe Fully leased 22,750 SF retail property developed by Landrex in Erin Ridge North with high traffic exposure off St. Albert Trail and operating costs of $12.50/SF.
• Summit Plaza Landrex-developed 7,000 SF fully built-out office space at 190 Boudreau Road, St. Albert with 12 underground parking stalls, key fob entry, elevator, 14 offices, and two boardrooms.
• Erin Ridge Business Park Landrex-developed 6.12-acre, 80,106 SF commercial warehouse property fronting St. Albert Trail in Sturgeon County, with three buildings available in multiple configurations.
• Westwinds Plaza Landrex-developed 55,000 SF commercial and retail development in Morinville, located next to St. Kateri Academy and Boston Pizza.
• Westwinds North Landrex-developed 134,600 SF commercial development in Morinville at 9150 100 Street, located across from Boston Pizza with a rental rate of $12.50.
• Heartland Commons Landrex-developed retail, medical, and office space on Highway 28A in Gibbons ranging from 5,000 to 43,875 SF, designated as a Gateway to the North corridor.
• Fenwyck Landing Landrex-developed 13,955 SF commercial and medical space in Spruce Grove next to Fenwyck Heights Senior Independent Living facility, with a rental rate of $13.50/SF.
• Ponoka Civic Building Landrex-developed historic facility transformed into a civic building and learning centre in Ponoka, with units of 1,087.2 to 2,174.4 SF and a rental rate of $13.50/SF.
• Canadian Western Bank Building Landrex-developed modern 7,000+ SF commercial building in Sherwood Park subject to a 15-year lease agreement with Canadian Western Bank.

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• Fort McKay First NationcoreStrategic or Co-development Partner · 23 March 2022Limited partnership formed between Landrex Inc. and Fort McKay First Nation to build a large Urban Village style real estate development in St. Albert. The development is owned by the partnership and represents a significant collaboration with a First Nation community. East Village is a key project from this partnership offering over 55,000 square feet of mixed-use space including modern apartment-style condos, commercial amenities, and a one-acre amenity park.
• Big Brothers Big Sisters of Edmonton and AreacoreGTM or Marketing PartnerLandrex has been the primary sponsor of the Big Brothers Big Sisters Dream Home Lottery for over 35 years (since 1989) and presenting sponsor of the Children First Golf Classic since 2001. This long-term partnership has resulted in Dream Homes being located in Landrex communities every year, providing ongoing visibility and community engagement while supporting the organization's mission.
• Make-A-Wish Northern AlbertaminorGTM or Marketing PartnerLandrex was the 2018 Community Door sponsor for the Calendar of Wishes initiative, where businesses sponsor wishes of children with life-threatening medical conditions. For every individual donation made, Landrex matched the amount to help grant more wishes.
• St. Albert Farmers' MarketminorGTM or Marketing PartnerLandrex served as Past Presenting Sponsor of the St. Albert Farmers' Market, Western Canada's largest outdoor farmers market held in the heart of St. Albert's scenic Perron District.
• University of AlbertaminorOthersLarry Andrews, CEO, donated $1,000,000 to establish the Landrex Distinguished Professorship in the Faculty of Arts. Additionally, the Andrews' Family Foundation committed $1 million over 10 years for construction and maintenance of a family forum building at the Peter Lougheed Leadership College. Larry Andrews is a member of the Chancellor's Circle.
• MacEwan UniversityminorOthersLandrex donated $500,000 to the Betty Andrews Recital Hall located in the Centre for Arts and Culture at MacEwan University.
• Boys and Girls Club Big Brothers Big SisterscoreGTM or Marketing PartnerPresenting Sponsor of the Children First Golf Classic event, supporting children's charities in the Edmonton area. Landrex has continued their sponsorship and support since becoming the presenting sponsor.
• Recreation Facilities (Dow Centennial Centre, Servus Credit Union Place, Transalta Tri-Leisure Centre, Morinville Leisure Centre)minorOthersLandrex sponsors recreation facilities including the Recreation Pavilion at Dow Centennial Centre in Fort Saskatchewan, Water Play Centre at Servus Credit Union Place in St. Albert, Fenwyck Fitness Complex in Spruce Grove's Transalta Tri-Leisure Centre, and the Arena at Morinville Leisure Centre.
• Gold Medal PlatesminorGTM or Marketing PartnerLandrex has been the presenting sponsor of the Gold Medal Plates event in Edmonton, supporting Canadian sports and athletics.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Christenson Communities:
• Genstar Development Company: Major Western Canadian residential land developer with deep Alberta and Edmonton-area presence, building master-planned communities with multiple builder partners. Closely comparable business model and geographic focus to Landrex.
• Anthem Properties: Western Canadian diversified real estate developer with master-planned residential communities and commercial properties, operating in Alberta and BC. Comparable in mixed residential/commercial portfolio and community-development expertise.
• Westcorp Properties: Alberta-based residential land developer focused on master-planned communities in Edmonton and Calgary regions. Direct comparable given similar regional focus, builder-partner distribution model, and community-development activity.
• Qualico Group: Western Canada-based, privately held real estate developer with residential community development and commercial property operations across Alberta and broader Prairies, including Edmonton region. Direct comparable in master-planned community scale, builder partner model, and long-tenured family ownership structure.

Emerging players

• Shane Homes: Calgary-based homebuilder building single-family and multi-family homes in Alberta communities. Comparable as a builder partner customer of Landrex and similar developers in Alberta land development ecosystem.

Regional players

• Polygon Homes: Major Western Canadian homebuilder primarily serving British Columbia with multi-family and single-family residential developments. Comparable as a regional homebuilder purchasing lots from developers; less direct overlap but operates in the same residential real estate ecosystem.

Broad incumbents

• Brookfield Residential (Alberta): Large North American homebuilder and land developer with active Edmonton-area operations as part of a national portfolio. Offers broader scale and institutional backing, overlapping with Landrex in master-planned community development and builder-partner channels.
• Diamond Schmitt Architects (mixed-use developers network) / Melcor Developments: Alberta-based publicly traded real estate developer with residential, commercial, and recreational developments across Western Canada. Comparable in mixed-use and commercial leasing model but with broader geographic scale and public-company transparency.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/LandrexDevelopments
• Xx.com/landrex_inc
• LinkedInlinkedin.com/company/landrex-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Landrex