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$ 8,500,000
Est. payment | /mo
$ 8,500,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision 4002 - Lower Town
MLS Listing ID X13496488
Annual Tax Amount $61,237
Tax Year 2026
Property Sub-Type Land
Property 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.
Location
Province ON
County Ottawa
Area Ottawa
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available Available
Lot Frontage 202.35
Lot Depth 102.45
Others
ParcelsYN No
Listed by PMML INC.
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