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Commercial Development Lands B ROAD HUNT CLU RIV ER SIDE D RIVE FOR SALE MICHAEL PYMAN National Investment Services Associate Vice President +1 613 683 2202 COMMERCIAL [email protected] DEVELOPMENT LANDS Accelerating success. 21 km KANATA 11.7 km DOWNTOWN 6.8 km RIVERSIDE SOUTH 4.7 km OTTAWA INTERNATIONAL AIRPORT HUNT CLUB ROAD WALES DRIVE INCE OF PR HUNT C LUB ROAD RIVE WALES D RINCE OF P VE IDE DRI RIVERS CONTENTS 2 N HUNT CLUB ROAD WALES DRIVE INCE OF PR HUNT C LUB ROAD RIVE WALES D RINCE OF P VE IDE DRI RIVERS 4 PROPERTY OVERVIEW 6 AREA OVERVIEW 8 OTTAWA MARKET OVERVIEW 10 ZONING 12 OFFERING PROCESS 3 PROPERTY OVERVIEW PCL 6-1, SEC GL-1RF ; PT LT 6, CON 1RF , PART 1, 8, 9, & 10 , 4R9173 ; S/T GL41443, OT78209, CT118680, NS58041, NS238820, N289000, N387572, N421946, N444877, LEGAL N510191, N536432, LT958094; OTTAWA/GLOUCESTER DESCRIPTION PART OF LOT 6, CONCESSION 2, RIDEAU FRONT (GLOUCESTER) BEING PARTS 3, 4, 5, 6 AND 7 ON PLAN 4R-9173 SAVE AND EXCEPT PARTS 2, 3 AND 4 ON PLAN 4R- 21932 CITY OF OTTAWA SITE AREA 15.1 acres LOCATION Located on Rideau River Road at Hunt Club Road ZONING IL - Light Industrial Zone ASKING PRICE: $16,500,000.00 RIVERSIDE DRIVE Rarely offered large tract of Light Industrial Zoned commercial lands located with excellent frontage along Riverside Drive, feet from the intersection of Hunt Club Road. With thousands of vehicles daily and multiple national tenants, commercial campuses and company headquarters, this is an ideal location for any end user. The property is adjacent to the Ottawa International Airport which for 2018 is projected to have a passenger count of over 5,000,000. The site has a developable area of 15.1 acres and is zoned IL – Light Industrial, which allows for numerous commercial uses. AREA OVERVIEW 38,161 VEHICLES DAILY B ROAD HUNT CLU R IVERSI DE DRI VE 6 OTTAWA MACDONALD-CARTIER INTERNATIONAL AIRPORT Ottawa's international airport is Canada's sixth busiest airport and Ontario's second busiest airport. In 2021 Ottawa’s LRT Trillium Line South will extend from Greenboro to Limebank Road with a spur line that will connect to the Macdonald- Cartier International Airport. B ROAD HUNT CLU HUNT CLUB MARKETPLACE Hunt Club Marketplace is located on one of the busiest intersections in Ottawa and adjacent to the Ottawa International Airport. The marketplace is anchored by T&T and features national retailers such as TD Canada R Trust, Second Cup, Moxie's Grill & Bar, Dollarama, Anytime IVERSI Fitness, Subway and Harvey's Restaurant. DE DRI VE RIVERSIDE SOUTH AND BARRHAVEN The intersection of Riverside Drive and Hunt Club Road sees an above average count of 38,161 vehicles daily, according to the City of Ottawa. This intersection is also the gateway to one of the fastest growing neighbourhoods, Riverside South. Adjacent to Riverside South is the steady community of Barrhaven, which has expanded so significantly that it is now linked to Riverside South with the Vimy Memorial Bridge. 7 OTTAWA MARKET OVERVIEW The National Capital Region, comprised of both Ottawa and ($200 MM). Other major public and private sector projects Gatineau, is one of the largest population centres in include the rehabilitation of the Government of Canada Canada. Its strong government employment base has Conference Centre located in downtown Ottawa ($190 MM) created a historically stable business environment for the and the renewal of the Bank of Canada head office ($460 commercial, industrial, retail and hospitality sectors, MM). Stage 2 LRT will kick off an additional $3.0 B of allowing for a strong and diversified economic base. construction activity between 2018 and 2023. In addition, $3 billion has been approved so far for the restoration of all More than 1.3 MM people live in the Ottawa-Gatineau CMA, of Parliament, which will include a 10 year shut down of with more than 1.0 MM people located on the Ontario side Centre Block. of the region (Ottawa). The CMA grew by 5.3% between 2012 and 2017, 30 basis points more than the Province of Moreover, major investments in the retail segment are Ontario as a whole. The CMA ranks the fourth largest in ongoing. The recent expansion and redevelopment work at Canada, behind Toronto, Montreal and Vancouver. Located Bayshore Shopping Centre, St. Laurent Shopping Centre, along the border of Ontario and Quebec, Ottawa also Rideau Centre and Promenade Gatineau totaled more than shares important economic ties to both Toronto and $600 MM in aggregate investment. In addition, the $1B Montreal. Chaudière Falls redevelopment of the former Domtar lands now known as “Zibi”, as well as the complete As a G7 Capital, and home of the Federal Government, the redevelopment of the Lebreton Flats Lands (currently under public sector accounts for nearly one quarter of the negotiation with RendezVous LeBreton Group whose Ottawa-Gatineau economy. The balance of the economy is master-planned community includes a new NHL Hockey made up of a diverse pool of local and national/ Arena) will further boast Ottawa’s development sector and multinational private sector businesses and national solidify it as a world class City. The above activity in the associations, as well as over 120 foreign embassies, construction sector is expected to drive total output growth consulates and high commissions. The region also benefits of 2.1% in 2018 and 2.0% in 2019. from industry clustering, especially in the field of high technology, with more than 800 high-tech firms located in Ottawa’s high-tech sector continues to show impressive Ottawa. In addition, Ottawa is a centre for advanced growth. Several multinational technology companies have research and development, especially in the fields of space begun making major investments in their Ottawa science, telecommunications, AI and autonomous vehicles operations, including Huawei (China), SafeNet (USA), as well as environmental technology. This robust economy Blackberry-QNX (Canada), Apple (who have recently is supported by the most educated workforce in the expanded into this market for the first time) and local country. success story Shopify, reinforcing Ottawa’s position as a significant international player in the Information Ottawa’s economy is currently being fueled by construction Communication Technology (ICT) arena. The high-tech and infrastructure projects, and growth in the high-tech sector has seen employment growth of 10% per year since services. The robust construction activity is anticipated to 2010. Ottawa continues to attract a highly educated continue throughout 2018 and is valued at over $5.0 B. workforce and is commonly regarded as “Silicon Valley Major infrastructure projects include a Light Rapid Transit North”. The labour pool is complemented by over 120,000 system ($2.1 B), the widening of the Queensway, Ottawa’s post-secondary students enrolled across Ottawa’s five arterial 400-series highway ($200 MM), and the renovation universities and colleges. and expansion of the University of Ottawa Heart Institute 8 DEMOGRAPHICS TOTAL AVERAGE AGE EDUCATION OWNER POPULATION 40 (Post-Secondary) 111,118 470,266 188,864 TOTAL PRIVATE AVERAGE AVERAGE HOUSEHOLD RENTER HOUSEHOLDS HOUSEHOLD SIZE INCOME 195,846 2 $98,944 75,335 With a current population of approximately 470,266 within 10km of the property, the area boasts a robust economic base with above average incomes ($98,944 per household). Residents provide an excellent talent pool with 188,864 of them having a postsecondary certificate, diploma or degree. The young atmosphere of the area is reflected in the average household size (2) and a median age of 40. A solid indicator of the potential for demand for development is the amount of residents in the area who own (111,118) versus those in the area who rent (75,335). 9 LIGHT INDUSTRIAL IL ZONE ZONING PURPOSE OF ZONE The purpose of the IL – Light Industrial Zone is to: (1) permit a wide range of low impact light industrial uses, as well as office and office type uses in a campus-like industrial park setting, in accordance with the Employment Area designation of the Official Plan or, the General Urban Area designation where applicable; (2) allow in certain Employment Areas or General Urban Areas, a variety of complementary uses such as recreational, health and fitness uses and service commercial (e.g. convenience store, personal service business, restaurant, automobile service station and gas bar), occupying small sites on individual pads or in groupings as part of a small plaza, to serve the employees of the Employment or General Urban Area, the general public in the immediate vicinity, and passing traffic; (3) prohibit retail uses in areas designated as Employment Area but allow limited sample and showroom space that is second- ary and subordinate to the primary use of buildings for the manufacturing or warehousing of the product; (4) prohibit uses which are likely to generate noise, fumes, odours, or are hazardous or obnoxious; and (5) provide development standards that would ensure compatibility between uses and would minimize the negative impact of the uses on adjacent non-industrial areas. PERMITTED USES animal care establishment drive-through facility park service and repair shop (By-law 2015-190) emergency service parking garage small batch brewery, see animal hospital heavy equipment and parking lot Part 3, Section 89 automobile dealership vehicle sales, rental and place of assembly technology industry automobile rental estab- servicing post office training centre lishment light industrial uses printing plant truck transport terminal broadcasting studio medical facility
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