@ 1009 TRIM ROAD HIGH DENSITY WATERFRONT DEVELOPMENT LAND FOR SALE Accelerating success. 2 1009 TRIM ROAD EXECUTIVE SUMMARY 4 PROPERTY OVERVIEW 6 AREA OVERVIEW 8 DEMOGRAPHICS 10 FUTURE DEVELOPMENTS 12 PROPOSED DEVELOPMENT 14 CONTENTS ZONING 16 1009 TRIM ROAD 3 PETRIE ISLAND BEACH
GRANDMAITRE ECOLOGICAL RESERVE
SOLD
SUBJECT PROPERTY
NORTH VARD OULE RC B
E D'A
TRIM ROAD JEANN
HIGHWAY 174
4 1009 TRIM ROAD
EXECUTIVE SUMMARY
The parcel of land at 1009 Trim Road offers developers a rare opportunity to acquire east end development land situated minutes from the upcoming LRT Stage 2 development and KEY HIGHLIGHTS current gateway to Ottawa’s Petrie Island. • Rarely available acreage development site along Highway 174 Parcel A is currently vacant and is comprised of approximately • Excellent access to rapid transit 8.25 acres with 3.3 acres of the land developable. Road access • Minutes from future site of LRT Stage 2 eastern hub is available via Trim Road and service capabilities are available • Unobstructed vista views of the Ottawa River via Jeanne D’Arc Boulevard North. The property was recently • Gateway to Petrie Island Park raised above flood plain with Rideau Valley Conservation • Highway 174 exposure Authority approval. • Planning Rationals on file for high density purpose built multi-residential development 1009 Trim Road is situated on Trim Road with excellent • Numerous assessments completed including an Environmental Site Assessment exposure to Highway 174 which sees up to 121,000 counts of Studies Stage 1 and Stage 2 and an Environmental Impact Statement traffic daily. Located minutes from the subject property are amenities such as Place D’Orléans, Shenkman Centre for Arts, La Cité Collegiale (Orleans Campus), Taylor Creek Business Park and Petrie Island.
HIGHWAY 174 ASKING PRICE: $4,600,000
1009 TRIM ROAD 5
SOLD
PROPERTY OVERVIEW 6 1009 TRIM ROAD PARCEL B SOLD
PARCEL A
PARCEL A PARCEL B
PT LT 30 CON 1OS CUMBERLAND PARTS 3 & 4, 50R6869, S/T & T/W PT LT 30 CON 1OS CUMBERLAND PTS 1 & 2, 50R6869, S/T & T/W RR24355B, S/T DEBTS IN RR131078, S/T SPOUSAL INTEREST IN RR131078; RR24355B, S/T DEBTS IN RR131078, S/T SPOUSAL INTEREST IN RR131078; LEGAL PLAN LEGAL PLAN S/T RR19540B, RR5426B; CUMBERLAND S/T RR19540B, RR5426B; CUMBERLAND SITE AREA 9 acres SITE AREA 8.25 acres Commercial parcel zoned for marina use and currently leased to DESCRIPTION DESCRIPTION 8.25 acres of vacant land with 3 acres of developable land. 6251340 Canada Inc operating as Oziles' Marina and Tackle Located on the northeast corner of the intersection of Trim Road and LOCATION Located on Trim Road off Jeanne D'Arc Boulevard North. LOCATION Jeanne D’Arc Boulevard North. O1L[1661] - Parks and Open Space Zone ZONING DR - Development Reserve Zone EP - Environmental Zone ZONING SOLD EP - Environmental Zone - 135 seasonal slips and 2 boat launching ramps - Recently raised above flood plain with Rideau Valley Conservation - surface storage and 2 coverall storage structures (30 feet x 198 feet) HIGHLIGHTS Authority approval - Largest marina on the Ottawa River between Ottawa and Hawkesbury HIGHLIGHTS - Full servicing capabilities available - Winter gateway for ice fishing - Road access via Jeanne D’Arc Boulevard North
1009 TRIM ROAD 7 AREA SUBJECT PROPERTY OVERVIEW SOLD
TRIM
PLACE D’ORLÉANS
174
PROM D’ORLEANS
JEANNE D’ARC
10 minute walk
10 minute walk 2 minute 174 drive 4 minute walk to stop 174 2 minute drive to station
8 1009 TRIM ROAD PLACE D'ORLÉANS Place D’Orléans is the largest shopping mall in the eastern end of Ottawa. It is currently anchored by major tenants such as Sport Chek, Hudson's Bay and Goodlife Fitness. Other than for shopping, Place D'Orléans is heavily trafficked for its OC Transpo station and park & ride facility. Recently, the mall has seen upgrades with national tenants like Forever 21 and H&M moving in and with the demolishing of the former Target space to allow for new pad retail development.
PETRIE ISLAND Located at 727 Trim Road just north of Jeanne D’Arc Boulevard North Petrie Island is one of Ottawa’s four public beaches operated by The City of Ottawa. Petrie Island is the largest and most visited Ottawa beach with a 2014 report stating an average of 315,609 visitors through the months of May, June, July and August. Although the winter months close the beaches the site is still a prominent ice fishing destination as well as cross-country skiing and snow shoeing.
ORLEANS YMCA A 45,000 square foot two-storey fitness facility with a recent addition to house lap and therapy pools, a gymnasium, change rooms upgrades, a central lobby and a reception/office area. This facility also offers programs such as group fitness, youth and family services and special needs sports assistance.
SHENKMAN ARTS CENTRE The Shenkman Arts Centre located on Centrum Boulevard off St. Joseph Boulevard opened in June of 2009 after the community rallied for a creative space. Operated by The City of Ottawa the centre hosts live art performances, instruction, exhibits and special events. The property features two theatres, seven galleries and 17 studios.
1009 TRIM ROAD 9 DEMOGRAPHIC OVERVIEW With a current population of approximately 77,000 within the direct vicinity (5 km radius of the Property) the community boasts a robust economic base with above average incomes ($133,300 per household). Local residents provide an excellent talent pool, with 9,100 of them having Bachelors degrees. Population growth is anticipated to be increase 19.24% by 2025, a strong growth projection supported by the surrounding development area. The young and family oriented atmosphere of the area is represented in the average household size (3.34) and a median age of 32.57. A solid indicator of the potential for sales is the amount of residents in the trade area who own (23,400) versus those in the area who rent (1,800).
Total Population Average Household Size Owner (2017) 77,000 3.34 23,400
Total Daytime Population Average Household Income Renter (2017) 27,100 $133,300 1,800
Projected Population Household Owners 55+ Part of Condo (2025) 55+ 25,952 7,700 3,300
Average Age Education Not Part of Condo (Bachelor's Degree) 32.57 9,100 22,100
10 1009 TRIM ROAD 1009 TRIM ROAD 11 SOLD TRIM 2 3 1
PLACE D’ORLÉANS
PROM D’ORLÉANS
JEANNE D’ARC
12 1009 TRIM ROAD FUTURE DEVELOPMENTS
1 OTTAWA LIGHT RAIL TRANSIT - STAGE 2 2 PETRIE’S LANDING 3 PETRIE'S LANDING III Approved unanimously by Ottawa City Council in 2013 and with Petrie’s Landing I and Petrie’s Landing II are luxurious The developer Brigil is expanding this area to further plans to have construction started in 2019, Stage 2 of Ottawa’s high-rise condos and low-rise flats located at Jeanne D’Arc construct a 450,000 square foot commercial development LRT will be comprised of over 38 kilometres of rail and 23 new Boulevard and Trim Road. titled Petrie’s Landing III. This new development, currently stations. Funding has been approved with a completion date set Described as "Resort living in the heart of Orleans" these in early planning stages, is to include a large scale business for 2022. properties boast a place to work, live and play with an urban concept to promote economic development in Orleans. The Among these stations in the east end are Jeanne D’Arc, lounge to "enhance your lifestyle". first phase of this project will include a banquet hall and Promenade D’Orléans, Place D’Orléans and Trim Road station. A second of four luxury towers is now under construction. multipurpose room that will service the community. Ground Trim Road will be the last stop and therefore the eastern most floor retail developments will allow for new restaurants and station. shops to bring more foot-traffic to the area. Upon completion of Stage 2 70% of local residents will be within 5 kilometres of rail access.
1009 TRIM ROAD 13 SOLD
To demonstrate the potential of the site, the vendor is actively setting the stage to showcase the full development of a residential complex, comprised of two towers of 14 stories, with a two-storey underground parking linked by a common lobby, exterior leisure space, interior pool and exterior roof facilities. The complex would have over 300 units as well as 400 parking spaces.
A boardwalk would link the marina and the pedestrian space. A possible concept would be an Eco-lifestyle type development, whether the lifestyle is to be linked to DEVELOPMENT the boating opportunities, the walking trails through the Ecological Reserve, cycling, the beach or snowshoeing, ice fishing and cross country ski trail, the choice and the CONCEPT variations are almost endless. 14 1009 TRIM ROAD To WET LAND Marina Promenade ZONE HU MIDE
To WET LAND Marina Promenade ZONE HU MIDE The Oziles’ Marina has launching, storage and pump-out capabilities as well as currently operating 135 boat slips and dry docks. With the city’s only double-vehicle wide concrete boat ramp on the Lower Ottawa River, it can accommodate boats of all sizes. TOWER piscine 15 STORIES TOWER 15 STORIES TheThe Oziles’ site Marinaoccupied has by launching, the marina storage is poised and for expansionpump-out andcapabilities would support as well increased as currently Pool Piscine To Belvédère / valueoperating of the residential 135 boat slips units and as adry combined docks. With marketing the city’s program only double-vehicle should be well wide received concrete Gazebo boat ramp on the Lower Ottawa River, it can accommodate boats of all sizes. TOWER piscine by buyers. This would provide a similar development to those found much further in 15 STORIES TOWER places such as Brockville (Tall Ships Landing). The city, including local politicians, view this Jacuzzi 15 STORIES
CHEMINTRIM ROAD The site occupied by the marina is poised for expansion and would support increased Pool possibility very positively. Piscine To Belvédère / value of the residential units as a combined marketing program should be well received Gazebo COMPLETEDby buyers. This STUDIES would provide &a similar development to those found much further in PREPARATIONCOMPLETED STAGESplaces such as Brockville (Tall Ships Landing). The city, including local politicians, view this Jacuzzi CHEMINTRIM ROAD possibility very positively. The Grandmaître family has met with and obtained in principle the City’s agreement • Environmental Site Assessment Studies Stage 1 STATIONNEMENT / PARKING towardsCOMPLETED STAGES the development of the property. An Official Plan Amendment and a new zoning would have to be approved for the site. Meetings with City staff have established the BOULEVARD JEANNE D’ARC NORD • Environmental Site Assessment Studies Stage 2 Espaces Résidentiels / Residential Spaces BOULEVARD JEANNE D’ARC NORTH minimum list of activities, such as soils, servicing, transportation and environmental studies Espaces Communs / Common Spaces that must Thebe completed Grandmaître to supportfamily has an met applications with and obtainedfor an OP inAmendment principle the and City’s zoning. agreement • Environmentaltowards the developmentImpact Statement of the property. An Official Plan Amendment and a new zoning STATIONNEMENT / PARKING wouldIn order have to to facilitate be approved the process for the and site. to Meetingseliminate anywith uncertainties City staff have for anyestablished potential the BOULEVARD JEANNE D’ARC NORD To Espaces Résidentiels / Residential Spaces WET LANDBOULEVARD JEANNE D’ARC NORTH minimum list of activities, such as soils, servicing, transportation and environmental studies Marina UNITPromenade LAYOUT PLAN • Geotechnicalbuyer, we have Investigation opted to move ahead Report with several of these requirements. Espaces Communs / Common Spaces that must be completed to support an applications for an OP Amendment and zoning. ZONE HUMIDE • Preliminary We have Servicing hired WSP andCanada, Stormwater a well respected and well established within the Ottawa Construction In order industry to facilitate professional the process services and firms to eliminatein Canada, any to uncertaintiesdo the environmental for any potential and To WET LAND geotechnicalbuyer, we haveinvestigations. opted to move The Environmental ahead with several Site Assessment of these requirements. Studies – Phase One and Marina Promenade ZONE HUMIDE ManagementPhase two areReport completed. The Geotechnical Investigation Report is also nearly completed. We have hired WSP Canada, a well respected and well established within the Ottawa • Stage Construction1 ArchaeologicalThroughout industry the study professional Assessment process we services have keptfirms Rideau in Canada, Valley to Conservationdo the environmental Authority and TOWER A piscine informedgeotechnical of the work investigations. being done. The Environmental Site Assessment Studies – Phase One and TOWER B • OngoingPhase contact two are completed.with The The Rideau Geotechnical Valley Investigation Report is also nearly completed. Pool Piscine CURRENTLY UNDERWAY To Belvédère/ Throughout the study process we have kept Rideau Valley Conservation Authority Gazebo Conservation Authority TOWER A piscine informed of the work being done. TOWER B The Environmental Impact Statement is underway and should be completed by fall 2016 due to Jacuzzi • Meetingsthe timing with of the The three-season City of study Ottawa of fauna to and facilitate flora. an Pool Piscine CURRENTLY UNDERWAY / RAMP To Belvédère/ Gazebo OPA andConceptual zoning Design change and Landscaping Plans have been prepared to enhance and support marketing / TERRACE The Environmental Impact Statement is underway and should be completed by fall 2016 due to purposes. Jacuzzi the timing of the three-season study of fauna and flora. / RAMP
/ TERRACE Conceptual Design and Landscaping Plans have been prepared to enhance and support marketing CHEMINTRIM ROAD
purposes. STATIONNEMENT / PARKING / RAMP
BOULEVARD JEANNE D’ARC NORD BOULEVARD JEANNE D’ARC NORTH
CHEMINTRIM ROAD
STATIONNEMENT / PARKING / RAMP Page 5
BOULEVARD JEANNE D’ARC NORD BOULEVARD JEANNE D’ARC NORTH Page 5 SITE PLAN
1009 TRIM ROAD 15 ZONING DEVELOPMENT ENVIRONMENTAL PARKS AND RESERVE ZONE PROTECTION ZONE OPEN SPACE ZONE
PURPOSE OF ZONE PURPOSE OF ZONE PURPOSE OF ZONE (1) recognize lands intended for future urban development (1) recognize lands which are designated in the Official Plan (1) permit parks, open space and related and compatible in areas designated as General Urban Area and Developing as Significant wetlands, Natural Environment Areas and Urban uses to locate in areas designated as General Urban Area, Communities in the Official Plan, and future village Natural Features that contain important environmental resources General Rural Area, Major Open Space, Mixed Use Centre, development in areas designated as Village in the Official Plan; which must be protected for ecological, educational and Village, Greenbelt Rural and Central Area as well as in Major recreational reasons; (By-law 2012-334) Recreational Pathway areas and along River Corridors as limit the range of permitted uses to those which will not (2) identified in the Official Plan, and preclude future development options; and (2) permit only those uses which are compatible with and assist in the protection of the environmental attributes of these lands, (2) ensure that the range of permitted uses and applicable impose regulations which ensure a low scale and intensity (3) or are in keeping with applicable Official Plan policies; and regulations is in keeping with the low scale, low intensity open of development to reflect the characteristics of existing land space nature of these lands. uses. (3) regulate development to minimize the impact of any buildings or structures within these environmental areas. (4) permit limited lot creation on existing public streets in villages that will not preclude future development options in the DR3 – Development Reserve Subzone 3. (By-law 2013- 58) DR EP 01L PERMITTED USES PERMITTED USES PERMITTED USES - Agricultural use - Environmental preserve and education area - Community Garden (see Part 3, Section 82 subject to - Emergency service - Forestry operation By-law 2017-148) - Environmental preserve and education area - Environmental Preserve and education area - Forestry operation - Park - Group home - Retail Food Store, limited to a farmer’s market is a permitted - Home-based business use in the 01A, 01B, 01D, 01E, 01F, 01G, 01H subzones - Marine facility subject to restrictions - Dwelling - Park In the 01L Subzone, the following use is also permitted: - Secondary dwelling unit - Marine Facility - Urban agriculture
16 1009 TRIM ROAD EP
EP EP EP EP
EP O1L
R5A EP
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I2 1009 TRIM ROAD 17 I2 @ 1009 TRIM MICHAEL PYMAN COLLIERS INTERNATIONAL National Investment Services 340 Albert Street, Suite 930 Associate Vice President Ottawa, ON K1R 7Y6, Canada T: +1 613 683 2202 T: +1 613 567 8050 M: +1 613 878 9441 F: +1 613 567 8035 ROAD [email protected] www.collierscanada.com This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2018. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Inc.