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Land Assembly- 300 Meters from the Tunney's Pasture Transit Station

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Land Assembly- 300 Meters from the Tunney's Pasture Transit Station Land Assembly- 300 Meters from The Tunney's Pasture Transit Station Sir John A McDonald Parkway Subject Site SOURCE : BING MAPS 259, 261, 263 , 265, 275, 277, 279 Parkdale Avenue, Ottawa 26,318 Sf 7 TM –Traditional Mainstreet 267 Ft 300 M from Lrt Land Properties Zoning Frontage Location Royal LePage Performance Realty through Jordan R. Bianconi (“RLP”) (the “Advisor”), has been retained on an exclusive basis by the beneficial owners (collectively the “Vendor”), to arrange the sale of a 100% freehold interest in 7 infill sites (the “Properties” or the “Portfolio”). The properties are well located in the heart of the Central West node. The surrounding neighbourhoods of Mechanicsville, Hintonburg, Wellington Village, Champlain Park, and Wellington Street West are thriving with new development opportunities. As part of an overall plan to grow Ottawa more sustainably, the City is encouraging growth within the designated Mixed-Use Centres which include Tunney's Pasture and adjacent areas (The Properties). This 26,318 sq.ft. infill opportunity is currently being used for single family residential which is well below the current highest and best use TM – Traditional Mainstreet can offer. Located 4 KM to the Central Business District and 300 Meters to the Tunney’s Pasture Transit Station, this location is a highly desirable location requiring gentrification. The opportunity at hand offers the ability to take full advantage of the flourishing western edge of Downtown Ottawa. Please contact the Exclusive Advisor for further information Jordan R. Bianconi* Commercial Real Estate Investment Services Royal LePage Performance Realty I Ottawa +1 613 867 8847 [email protected] Land Assembly- 300 Meters from The Tunney's Pasture Transit Station Royal LePage Performance Realty through Jordan R. Bianconi (“RLP”) (the “Advisor) is pleased to offer for sale the Land Assembly in Ottawa, Ontario. Key attributes of the offering include: High Profile Location, Intensification desired Excellent location featuring good exposure and visibility along Parkdale Avenue & Scott Street. The City of Ottawa Official Plan designates the bulk of the Scott Street CDP Study Subject Site Area as a Mixed-Use Centre (MUC). CDPs and the zoning by-law will provide for the highest density development to occur within 400 metres of the rapid transit station; require residential uses in the form of apartments and other multiples at a medium and/or high density. The Official Plan supports infill and intensification within the General Urban Area provided such development enhances and builds upon desirable established patterns. (Source: Scott Street CDP, City of Ottawa, Urban Strategies Inc. Delcan) Purpose Built Rental Market Demand The Central West Node has some of the highest per square foot rental rates in the City due to the many amenities the node has to offer. The node has a lively public desire to live Subject Site work play just minutes from the downtown core. The overall residential vacancy rate has consistently hovered around 1.5 % as of recent, creating a very tight rental market. 1 – Holland –Parkdale Node According the CMHC more then 80% of the city’s 62,000 purpose built units have been 2- Tunney’s Pasture constructed before 1990, therefore calling for significant cap-ex and or new product. Rarely available Land Assembly of this size within 300M of LRT station The Properties present an opportunity for an investor to acquire a rarely available row of multiple residential lots within the heart of a diversifying urban node. Centered in the central west section of Ottawa, the Properties provide direct positioning within one of Ottawa’s fastest growing neighborhoods. Assemblies of this nature are rarely available Subject Site within this stretch of Parkdale, with the majority of assets now held under the ownership of a small number of private and publicly traded real estate investment groups. LRT – 600 M Radious The Future Vision of Scott Street Subject Site Secondary Mainstreet Plan (Source of Images: Scott Street CDP, City of Ottawa, Urban Strategies Inc. Delcan.City of Ottawa CDP Link ) Salient Details Building Address: 259, 261 Parkdale Avenue $ 175,846 Gross Annual Income Lot Size: 6,577 Sq.Ft Frontage: 66 Ft Depth: 100 Ft Legal: LTS 84 & 85, PL 88291 ; OTTAWA/NEPEAN Gross Rent: $ 62,602 (Residential & Parking Lot) Interested Parties are invited to submit purchase Offering Process: proposals to Jordan R. Bianconi Salient Details Building Address: 263 Parkdale Avenue Lot Size: 3,283 Sq.Ft Frontage: 32.9 Ft Depth: 100 Ft Legal: LT 83, PL 88291 ; OTTAWA/NEPEAN Gross Rent: $ 19,860 Interested Parties are invited to submit purchase Offering Process: proposals to Jordan R. Bianconi Salient Details Building Address: 265 Parkdale Avenue Lot Size: 6,577 Sq.Ft Frontage: 65.6 Ft Depth: 100 Ft LTS 81 & 82, PL 88291 ; S/T THE INTEREST IN N521462 Legal: CITY OF OTTAWA Gross Rent: $ 45, 144 (rooming house) Interested Parties are invited to submit purchase Offering Process: proposals to Jordan R. Bianconi Salient Details Building Address: 275 Parkdale Avenue Lot Size: 3,283 Sq.Ft Frontage: 33 Ft Depth: 100 Ft Legal: LT 80, PL 88291 ; OTTAWA/NEPEAN Gross Rent: $ 26,400 Interested Parties are invited to submit purchase Offering Process: proposals to Jordan R. Bianconi Salient Details Building Address: 277 Parkdale Avenue Lot Size: 3,229 Sq.Ft Frontage: 33 Ft Depth: 100 Ft Legal: PT LT 79, PL 88291 , AS IN N532402 ; OTTAWA/NEPEAN Gross Rent: N/A - OWNER USER Interested Parties are invited to submit purchase Offering Process: proposals to Jordan R. Bianconi Salient Details Building Address: 279 Parkdale Avenue Lot Size: 3,369 Sq.Ft Frontage: 34 Ft Depth: 100 Ft LT 78 & PT LT 79, PL 88291 , AS IN NS215840 ; Legal: OTTAWA/NEPEAN Gross Rent: $ 21,840 Interested Parties are invited to submit purchase Offering Process: proposals to Jordan R. Bianconi Land Assembly- 300 Meters from The Tunney's Pasture Transit Station Subject Site (Source of Images: Scott Street CDP, City of Ottawa, Urban Strategies Inc. Delcan.City of Ottawa CDP Link ) Please contact the Exclusive Advisor for further information Jordan R. Bianconi* Commercial Real Estate Investment Services Royal LePage Performance Realty I Ottawa +1 613 867 8847 [email protected] Although information has been obtained from sources deemed reliable, Owner, Royal LePage Performance Realty, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. All rights reserved. *Sales Representative **Broker..
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