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979 Richmond Road Ottawa, Ontario

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979 Richmond Road Ottawa, Ontario FOR SALE TRANSIT ORIENTED DEVELOPMENT OPPORTUNITY 979 RICHMOND ROAD OTTAWA, ONTARIO NEW ORCHARD LRT STATION 979 RICHMOND ROAD *Oultine Not To Scale 979 RICHMOND ROAD | OTTAWA, ONTARIO | OTTAWA, 979 RICHMOND ROAD CBRE | MARKETING FLYER THE OPPORTUNITY NEIGHBOURHOOD CONTEXT CBRE Limited (“CBRE” or the “Advisor”) has been retained by the Vendor to act as its exclusive advisor to The Property is uniquely located in Ottawa West between the residential communities of Woodpark, Westboro facilitate the sale of 979 Richmond Road, Ottawa, Ontario (the “Property”). and Woodroffe North, along the main arterial street of Richmond Road. The Property is being sold on an as-is basis, as offers are received, at an asking price of $8,999,997. The surrounding area currently offers a broad range of uses, which include; single family homes, high-rise residential buildings, car dealerships, various types of retail and abundant greenspace. Situated 120 meters from the Stage 2 New Orchard Light Rail Transit Station, the Property has benefited from the Cleary – New Orchard secondary planning study and resulting policy that supports increased Immediately to the east of the Property is Ottawa Honda, an established full service car dealership. East of height and density (Aug 1, 2018). Ottawa Honda is a 9-storey rental apartment building and The Azure, a 20 storey rental apartment development. This urban infill Property is located between the mature neighborhoods of Woodpark and Woodroofe North. The northern boundary of the Property is the National Capital Commission Sir John A. Parkway lands, Located immediately west of the site is a standalone drive-thru Tim Horton’s, who have recently extended providing immediate access to multi-use pathways, greenspaces and the Ottawa River. The Property is their term. Neighbouring the Tim Horton’s is Park Place, a 212 unit, 28-storey, circa 1978, high-rise currently improved with, and operated as, Tops Car Wash – a purpose built, full service car wash facility. condominium building. The Property fronts onto the north side of Richmond Road and measures approximately 325’ in depth and Located immediately north of the Property is the National Capital Commission Sir John A. MacDonald 100’ in width. Parkway, surrounded by significant greenspace and the Ottawa River. The immediate surrounding area is mixed use with high-rise apartments, urban amenities and a variety of operating businesses. The development potential of the Property and its proximity to amazing greenspaces allow for incredible, unobstructed views of the Ottawa River and Gatineau Park with immediate connectivity to multi-use There is active new residential construction in the immediate area. Homestead is developing a new purpose recreational pathways, lookouts and nature preserves. built apartment building and the Azure rental apartment project is actively underway. This node will continue to experience gentrification and densification while the Stage 2 TLR is being implemented. The surrounding communities of Woodpark, Westboro and Woodroffe North are established neighbourhoods, consisting of single-family homes. These neighbourhoods have recognized increased property values and This is a rare opportunity to acquire a Transit Oriented Development property in a well-established and gentrification during the past decade as mnay homes have been redeveloped or renovated into modern desirable Ottawa-west neighborhood. single-family homes. PROPERTY DETAILS Address 979 Richmond Road, Ottawa, ON K2B 6R1 WOODROFFE NORTH WESTBORO PIN 039700008 Legal Description LT 2, PL 421 ; OTTAWA/NEPEAN Existing Improvements 8,500 square feet - Purpose built car wash facility WOODROFFE AVENUE WOODPARK Land Size ~0.75 acres Dimensions ~ 325 feet deep and ~100 feet wide RICHMOND ROAD Traditional Mainstreet, subject to the Cleary-New Zoning Orchard area specific policies NEW ORCHARD ASKING PRICE $8,999,997 LRT STATION 2 3 TIM HORTONS 3 979 RICHMOND ROAD | OTTAWA, ONTARIO | OTTAWA, 979 RICHMOND ROAD CBRE | MARKETING FLYER NOTEABLE AREA AMENITIES 1 LCBO WOODROFFE AVENUE NEW ORCHARD LRT STATION 8 979 RICHMOND ROAD 7 2 LULULEMON CLEARY STATION NEPEAN HIGH SCHOOL RICHMOND ROAD WESTBORO 3 MOUNTAIN NEIGHBOURHOOD EQUIPMENT CO-OP 6 4 SHOPPERS DRUGMART 5 ERIALE ROAD EST NT CLB ROAD 5 STARBUCKS 4 CHURCHILL AVENUE 3 6 THE KEG 2 7 OTTAWA HONDA 8 TIM HORTONS BYRON AVENUE CLEOPATRA DRIE FUTURE LRT STATIONS CAELOT DRIE 1 4 5 979 RICHMOND ROAD | OTTAWA, ONTARIO | OTTAWA, 979 RICHMOND ROAD CBRE | MARKETING FLYER LIGHT RAIL TRANSIT NEW ORCHARD LRT STATION Connectivity Study Ottawa has commenced operation of Stage I of its Light Rail Transit system with service from Tunney’s Pastor The New Orchard LRT Station will be within the Byron Linear Park and approximately 120 meters across from to the Blair Road, through the downtown core of the City, and has started construction of its Stage 2 project. the Property. New Orchard Station The $3.6-billion implementation of Stage 2, delivering an additional 38 km of rail with 23 new stations will 979 RICHMOND ROAD bring 70% of Ottawa residents within 5 km of rail service. Stage 2 consists of 3 new lines – the Confederation Line West, the Confederation Line East and the Trillium Line South. Each will be operational in 2024-2025. The Confederation Line West will extend from Tunney’s Pastor to Lincoln Fields (shopping mall) where it will branch to Moodie Drive – and ultimately connect to Kanata, with a second branch to Algonquin College. The Confederation Line West will be 15km of new rail with 11 new stations. The Property is located along the Confederation Line West at the New Orchard Station. 18 6 7 979 RICHMOND ROAD | OTTAWA, ONTARIO | OTTAWA, 979 RICHMOND ROAD CBRE | MARKETING FLYER BYRON LINEAR PARK RICHMOND ROAD COMPLETE STREET The Byron Linear Park is located on the south side of Richmond Road, across from the Property. As part of Richmond Road is being improved as a Complete Street. As part of the Light Rail Transit implementation, the Light Rail Transit implementation, the Byron Linear Park will be completely redeveloped from Cleary Richmond Road and the subsurface municipal services will be completely updated. The Complete Street will Avenue through to Richardson Avenue. The vision of the new Linear Park will include public art, play spaces, include dedicated cycling lanes, improved pedestrian linkages, improved traffic flow at the Woodroffe community gathering opportunities and improved landscaping and improved pedestrian and cycling Avenue and Richmond Road intersection and enhancements at each the New Orchard and Clearly Light Rail movement. Transit Stations. Allison Richmond at New Orchard Facing East - Future Facing East - Today 979 RICHMOND ROAD Facing East - Today Facing East - Future NEW ORCHARD STATION 8 9 979 RICHMOND ROAD | OTTAWA, ONTARIO | OTTAWA, 979 RICHMOND ROAD CBRE | MARKETING FLYER CLEARY-NEW ORCHARD PLANNING STUDY In conjunction with the implementation of Stage 2 Light Rail Transit, the City of Ottawa’s Planning Department The Property is located within the New Orchard “Station Area”. The Property specific implications of the New completed the Cleary – New Orchard Planning Study, effective August 1, 2018. Orchard-Cleary Planning Study provides the Property policy height support of 16 storeys. Proposed Land Use Map • Utilisations du sol actuelles The Cleary – New Orchard Planning Study’s evaluated the corridor from Cleary Avenue (future Cleary The current as-of-right zoning for the Property is Traditional Main Street with a height limit of 25 meters Station) to McEwen Avenue (west of New Orchard Station) and created planning policy for the properties in (8 – 9 stories) [TM H(25)]. The Traditional Main Street zoning provides for a wide variety of permitted uses the immediate area of Light Rail Transit. and quite favourable development conditions, with minimal property line set-back requirements. It is also DRAFT FOR DISCUSSION / ÉBAUCHE À DES FINS DE DISCUSSION important to note that the current use, as a Car Wash, is a grandfathered use on a site specific basis within the current zoning. Riviére des Outaouais / Ottawa River OTTAWA RIVER WAYNE SURVEY ALGONQUIN Cleary LOCKHART AYLEN RICE CLEARY ELDER SAUNDERS 979 RICHMOND ROAD DESCHENES PARC MCKELLAR BYRON PARK ROWANWOOD OTTAWA RIVER POOLER REDWOOD HONEYWELL FOCUS AREA / SECTEUR D’INTÉRÊT KEENAN KNIGHTSBRIDGE COURTENAY NEW ORCHARD RICHMOND WAVELL MCEWEN AMBLESIDE New ANTHONY Orchard BLACK FRIARS DOVERCOURT ALLISON PRINCE CHARLES JOANNE LOCKHART WOODLAND HARCOURT COMPTON SHERBOURNE NEW ORCHARD SAVILLE MIDWAY WOODROFFE ANCASTER TILLBURY GAINSBOROUGH NEEPAWA EDGEWORTH WENTWORTH RICHARDSON HARTLEIGH MANITOU PARC TILLBURY PARK ± Cleary and New Orchard / LAND USE / UTILISATION DU SOL Cleary et New Orchard SECONDARY PLAN - Volume 2A Station Area / Institutional Mixed-Use/ Low-Rise Residential / Future LRT Stations / Zone de Station Institutionelles Polyvalent Immeuble d’habitation de faible hauteur Station TLR confirmée Schedule A - Planning Area and Land Use Traditional Mainstreet / Institutional / Mid-Rise Residential / Active Frontage / PLAN SECONDAIRE - Volume 2A Rue principale traditionnelle Institutionelles Immeuble d’habitation de hauteur moyenne Façade active Annex A - Zone de planification et Low-rise park frame / Utilisation du sol Open Space / Apartment Neighbourhood / Neighbourhood Line / Aménagements de faible hauteur autour du Parc Espace libre Quartier d'immeubles de logements Ligne de quartier 0 50 100 200 Meters Mid-rise park frame / City owned park / Funeral Home / Prepared
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