Lower Town - Sandy Hill K1N 7M2
Canada

Property

Ownership: For Sale
Type: Land

Financials

Price:C8,500,000
($5,982,600)
(€5,244,500)
Annual Taxes:C61,237.90
Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario
Phone:

Rare opportunity to acquire a flagship 121 unit mixed use development site in the heart of downtown Ottawa, approved for an 8 storey project featuring 67 hotel suites and 54 ...

    Description

    Rare opportunity to acquire a flagship 121-unit mixed-use development site in the heart of downtown Ottawa, approved for an 8-storey project featuring 67 hotel suites and 54 residential units. The approved development includes ground-floor commercial space and two levels of underground parking. More than a decade in the making, this landmark redevelopment has been carefully planned to deliver a strategic mix of hospitality, residential and retail uses. Positioned along one of Ottawa's busiest arterial corridors, directly beside the recently completed 9-storey Holiday Inn Express, the property offers exceptional visibility and long-term growth potential. The surrounding area is undergoing significant public and private reinvestment, with major redevelopment projects, new housing, streetscape improvements and City-led community initiatives supporting the neighbourhood's continued evolution. The project is supported by a comprehensive package of planning approvals, engineering reports and technical due diligence, providing a clear path toward near-term execution. An exceptional opportunity for developers, hotel operators, institutional investors and joint venture partners seeking a premier urban development opportunity in one of Canada's strongest mixed-use markets. Just steps from Parliament Hill, the ByWard Market, the University of Ottawa, Rideau Centre, LRT transit and the Gatineau bridges.

    Amenities

    • Available
    • Public Transit
    • Recreation/Community Centre

    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.