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DEVELOPMENT LAND FOR SALE MCGARRY TERRACE & LONGFIELDS DRIVE OTTAWA, ONTARIO STRANDHERD DRIVE GREENBANK ROAD 1034 MCGARRY TERRACE & 1117 LONGFIELDS DRIVE MCGARRY TERRACE & LONGFIELDS DRIVE | OTTAWA, ONTARIO DRIVE | OTTAWA, & LONGFIELDS TERRACE MCGARRY CBRE | MARKETING FLYER THE OPPORTUNITY CBRE Limited (“CBRE” or the “Advisor”) has been retained by the Vendor to act as its exclusive advisor to AREA CONTEXT facilitate the sale of 1034 McGarry Terrace and 1117 Longfields Drive (the “Property or Properties”), The Subject Properties are located in Ottawa’s southwest, in the community of Barrhaven. The surrounding area development land located in Ottawa, Ontario. Situated in the suburb of Ottawa’s Barrhaven neighbourhood, is predominantly made up of large format commercial/retail and restaurant uses, a range of residential dwelling the Property occupies a prominent position on the corner of Marketplace Avenue and Longfields Drive. types, and institutional uses that primarily serve members of the local community. The site is being sold on an as is where is basis on behalf of Cameron Stephens Financial Corporation in its The following identifies the land uses that surround the site: capacity as court ordered receiver for 1897365 Ontario Inc. NORTH: The 3.2 acre site is currently vacant. The Property is approved for a high mixed-use designation which allows The lands directly to the north of the Subject Properties consist of vacant lots that are zoned Mixed-Use Centre for apartments, retail, office and service commercial activities. The Property is designated for development to (heading towards Strandherd Drive) and a senior living residence at the corner of Strandherd Drive and Longfields a maximum of 16 storeys and the net density target for residential uses is 250 units per hectare. Drive known as The Court at Barrhaven. Beyond the uses to the immediate north, there is a child care facility and a residential subdivision with a range of dwelling types. PROPERTY DETAILS EAST: The Subject Properties are located at the northwest corner of Marketplace Avenue and Longfields Drive. Beyond Longfields Drive to the east there is a French Catholic high school (École secondaire catholique Pierre-Savard). Address 1034 McGarry Terrace 1117 Longfields Drive Beyond the school to the east there are lands designated for institutional use and environmental protection. SOUTH: PIN 047320003 047322607 The lands directly south of the Subject Properties are the location of a new Minto community (Ampersand), which includes a strip of land fronting Marketplace Avenue that will be reserved for future mixed-use development, as well as stacked dwellings and four (4) storey gallery condominium apartments. Beyond the Minto development BLOCK 4, PLAN 4M1303, OTTAWA. S/T EASEMENT are lands zoned Development Reserve for future development. PT LT 15 CON 2 RF, PT1 Legal Description IN GROSS OVER PARTS 1 5R4619; NEPEAN & 2 ON 4R21963 AS IN WEST: OC729578 Located directly west of the Subject Properties is a large format retail shopping centre containing many prominent commercial tenants that can be accessed from Marketplace Avenue. Further, the retail shopping centre frames the intersection of Strandherd Drive and Greenbank Road. Beyond Greenbank Road to the west, commercial Land Size 2.36 acres 0.84 acres development and some residential uses along Strandherd Drive are present. Zoning Mixed-Use Centre Zone Large Format Retail Shopping Centre STRANDHERD DRIVE Official Plan Designation High Rise Mixed-Use MCGARRY TERRACE 1034 McGarry Terrace Minto- Ampersand ASKING PRICE $6,000,000.00 Seniors Residence & Lands Childcare Facility & Vacant Lots Residential Dwellings 1117 Longfields MARKETPLACE AVENUE Drive 4 55 MCGARRY TERRACE & LONGFIELDS DRIVE | OTTAWA, ONTARIO DRIVE | OTTAWA, & LONGFIELDS TERRACE MCGARRY CBRE | MARKETING FLYER SURROUNDING AREA NEARBY AMENITIES 1 HOME DEPOT 2 SHOPPERS DRUGMART 3 INDEPENDENT 4 LOBLAWS 1 5 GOODLIFE FITNESS 2 6 SCOTIABANK 3 7 CANADIAN TIRE GREENBANK ROAD 8 7 MERIVALE ROAD JOCKVALE ROAD 8 SOBEYS 5 4 6 WEST HNT CLB ROAD 11 9 LCBO 9 10 10 KELSEY’S RESTAURANT 12 15 14 11 TD CANADA TRUST 13 12 VIP CINEPLEX THEATRES 1034 MCGARRY TERRACE & STRANDHERD DRIVE 1117 LONGFIELDS DRIVE 13 INDIGO 14 WINNERS CLEOPATRA DRIVE LONGFIELDS DRIVE 15 WALMART CAMELOT DRIVE 6 7 MCGARRY TERRACE & LONGFIELDS DRIVE | OTTAWA, ONTARIO DRIVE | OTTAWA, & LONGFIELDS TERRACE MCGARRY CBRE | MARKETING FLYER NODE OVERVIEW | BARRHAVEN Barrhaven is a rapidly growing suburban neighbourhood in the southwest of the urban area of the city of Ottawa, Ontario, Canada, about 17 kilometres southwest of downtown Ottawa. The main commercial district surrounds the intersection of Strandherd Drive and Greenbank Road, with a seven-screen cinema, Loblaws, Wal-Mart, Indigo Books and Music, Staples, Winners, Homesense, Sobeys, Sport Chek, Starbucks, Your Independent Grocer, Heart & Crown, and Best Buy, among others. The Minto Recreation Complex, a new multi-use community center at the corner of Cambrian and Greenbank, opened in 2014. A major employment district was established in 2015 in the area west of Strandherd Drive adjacent to Highway 416, known as the CitiGate corporate campus. A Costco store has opened in fall of 2016, including several other retail establishments. COMMUNITY AMENITIES POPULATION The subject Properties are located within Barrhaven Town Centre which is in close proximity to a wide range of HOME TO THE OF BARRHAVEN amenities within 1 kilometre. MINTO RECREATION Amenities include: COMPLEX 58,269 • Three (3) rapid transit stations: Strandherd, Marketplace, and Barrhaven Town Centre; City of Ottawa Statistics • Several regular OC Transpo bus routes: 95, 170, 171, 173, 175, 176, 177, 186, 205; VIMY MEMORIAL BRIDGE • Retail and commercial uses in the nearby Riocan Shopping Centre; ONE • École secondaire catholique Pierre-Savard; OFOTTAWA’S CONNECTING • Child care services and senior residences; MOST RAPIDLY GROWING RIVERSIDE SOUTH & BARRHAVEN • Rodeo Park, Moloughney Park, and Ventanna Park; and NEIGHBOURHOODS • On-road cycling network. 8 9 MCGARRY TERRACE & LONGFIELDS DRIVE | OTTAWA, ONTARIO DRIVE | OTTAWA, & LONGFIELDS TERRACE MCGARRY CBRE | MARKETING FLYER DEVELOPMENT POTENTIAL - ZONING SALE PROCESS SOUTH NEPEAN - AREA 7 SOUTHBased NEPEAN on information - AREA 7contained in this information package and other information contained in the data NEPEAN-SUD - SECTEUR 7 NEPEAN-SUDroom, access - SECTEUR to which 7 will be provided electronically and upon signing a Confidentiality Agreement, STRANDHERD SECONDARY PLAN / PLAN SECONDAIRE SECONDARYinterested PLAN / PLANparties SECONDAIRE are invited to submit an offer to purchase. STRANDHERD SITE Schedule 1 - Land Use Plan Schedule None1 - Land of Use the Planinitial offers, regardless of their form and content will create any binding legal obligations upon MCGARRY Annexe 1 - Plan d'utilisation du sol MCGARRY Annexe 1 - Plan d'utilisation du sol RIOCAN the Seller or CBRE. RIOCAN MARKETPLACE High Rise Mixed-Use / MARKETPLACE JOCKVALE JOCKVALE High Rise Mixed-Use / Immeubles de grande hauteur JOCKVALE à utilisations Neither the Seller nor CBRE make any representation, warranty, or any agreement whatsoever, that the Seller Immeubles de grande hauteur à utilisations LINDENSHADE polyvalentes LINDENSHADE polyvalentes TRANSITWAY TRANSITWAY will accept any agreement of purchase and sale, before or after negotiations, or, that the Seller or CBRE, TRANSITWAY TRANSITWAY Mid Rise Mixed-Use / shall compensate any participant for any costs incurred in its participation in the process. Immeubles de hauteur moyenne à utilisations Mid Rise Mixed-Use / polyvalentes Immeubles de hauteur moyenne à utilisations SUE HOLLOWAY SUEHOLLOWAY GREENBANK polyvalentes SUE HOLLOWAY SUEHOLLOWAY LONGFIELDS Offers will be evaluated, among other criteria, on the consideration offered for the Property, the prospective GREENBANK High Rise Residential / LONGFIELDS Immeubles résidentiels de grande hauteur buyer’sHigh Rise abilityResidential to /complete the transaction and the proposed terms of closing (all cash). Prospective buyers Immeubles résidentiels de grande hauteur CHAPMAN MILLS should note that the Seller is under no obligation to select any of the offers. Mid Rise Residential / CHAPMAN MILLS Immeubles résidentiels de hauteur moyenne Mid Rise Residential / DATAImmeubles ROOM résidentiels de hauteur moyenne Neighbourhood Park / Parc de quartier UponNeighbourhood signing Park a Confidentiality/ Agreement, qualified parties will be provided access to the electronic data Parc de quartier District Park / room. The data room contains all of the relevant documents related to the property. Parc de district District Park / Parc de district School / DUE DILIGENCE École School / TheÉcole Property is being offered on an “as is, where is” basis, and that no such representations or warranties School / Mid Rise Residential / École / Immeubles résidentiels de hauteur moyenne have been made by the Seller, or anyone acting on its behalf, as to the condition of the Property or any School / Mid Rise Residential / École / Immeubles résidentiels de hauteur moyenne Civic Complex / buildings located thereon. Parties are invited to inspect the Property and review all due diligence material Complexe municipal availableCivic Complex in /the data room, prior to the submission of any offer. Property inspections may be arranged by Complexe municipal Strandherd Retail District / appointment through CBRE. District commercial de Strandherd Strandherd Retail District / Stormwater Management
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