Around 1881, Edmonton’s first legal subdivision was developed. It was located in the southern portion of the Hudson’s Bay Co. Reserve and contained 2,137 lots! An auction was held and within 3-4 days of the 400 lots were sold. The sale price averaged out to be $32 per lot.

Source:  http://wayback.archive-it.org/2217/20101208161703/http://www.albertasource.ca/realestate/regions/edmonton/index.html and
http://wayback.archive-it.org/2217/20101208171606/http://www.albertasource.ca/realestate/pdfs/chapter_1_birth_of_edmonton.pdf

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