+/- 4.8 Acres for SALE

FOR SALE

314 - 334 Joseph Street Carleton Place, ON

+/- 4.8 acres

Residential Redevelopment Opportunity $1,400,000 55 Metcalfe Street Suite 400 Ottawa, ON Main +1 613 236 7777 cwottawa.com Aerial Map

Property Overview Cushman & Wakefield Ottawa, on behalf of the vendor is pleased to offer for sale 314-334 Joseph Street, 328-388 Pattie Drive and 153-205 Edwards Drive (collectively, the “Property”) in Carleton Place Ontario.

The Property is approximately 4.84 acres of residentially zoned land currently improved with 18 duplex structures comprising 36 units. It offers an excellent redevelopment opportunity in a fast growing community on already serviced lands. Zoning The subject property has a Residential District zoning designation, and from a development perspective, benefits from a rectangular shaped lot. Given the context of the immediate area as well as the site’s configuration and multiple access/egress points along three roadways, C&W is of the opinion that the site is well situated for residential development.

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Scott Brooker Neil Mason Jason Tilley Associate Vice President Sales Representative Sales Representative +1 613 780 1582 +1 613 780 1571 +1 613 780 1588 [email protected] [email protected] [email protected] Location Map

Location Overview

Carleton Place Ontario is located in Lanark County and is approximately 46 kms west of downtown Ottawa. Carleton Place has become a popular bedroom community for those who work in Ottawa with annual population growth increasing around 2.3 % year over year. Carleton Place benefits from easy access to major highway networks and is well situated with its proximity to Ottawa, Toronto, Montreal and the US Border.

Link: Google Maps Locator

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Source: https://carletonplace.ca

CARLETON PLACE DEMOGRAPHICS

Source: MEDIAN 2016 Census POPULATION HOUSEHOLD INCOME MEDIAN AGE 8.5% growth between $71,481 42.3 2011 and 2016, projected to continue on a similar pace through 2028

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CUSHMAN & WAKEFIELD ULC/OTTAWA HAS BEEN RETAINED BY THE VENDOR AS EXCLUSIVE ADVISOR (“ADVISOR”) TO SEEK PROPOSALS FOR THE DISPOSITION OF 314-334 JOSEPH STREET, 328-388 PATTIE DRIVE AND 153-205 EDWARDS DRIVE, CARLETON PLACE, ONTARIO. THE LISTING TEAM WILL ADVISE INTERESTED PARTIES ON TIMING FOR WHEN THE VENDOR WILL CONSIDER OFFERS. THE VENDOR’S OBJECTIVE IS TO MAXIMIZE UPFRONT CASH SALE PROCEEDS AND PREFERENCE WILL BE GIVEN TO OFFERS WITH LIMITED (OR NO) CONDITIONALITY AND A TIMELY CLOSING. INTERESTED PURCHASERS WILL BE REQUIRED TO EXECUTE AND SUBMIT THE VENDOR’S FORM OF CONFIDENTIALITY AGREEMENT (“CA”) PRIOR TO RECEIVING THE INFORMATION ON THE OFFERING. ALL INQUIRIES REGARDING THE PROPERTY OR FOR FURTHER INFORMATION SHOULD BE DIRECTED TO THE ADVISOR’S AS EXCLUSIVE AGENTS FOR THE VENDOR.

©2021 Cushman & Wakefield Ottawa. Brokerage, Independently Owned and Operated. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE.

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