$8,500,000
Available - For Sale
Listing ID: X13496488
275 King Edward Avenue , Lower Town - Sandy Hill, K1N 7M2, Ottawa
| Rare opportunity to acquire a flagship 121-unit mixed-use development site in the heart of downtown Ottawa, approved for an 8-storey project featuring 67 hotel suites and 54 residential units. The approved development includes ground-floor commercial space and two levels of underground parking. More than a decade in the making, this landmark redevelopment has been carefully planned to deliver a strategic mix of hospitality, residential and retail uses. Positioned along one of Ottawa's busiest arterial corridors, directly beside the recently completed 9-storey Holiday Inn Express, the property offers exceptional visibility and long-term growth potential. The surrounding area is undergoing significant public and private reinvestment, with major redevelopment projects, new housing, streetscape improvements and City-led community initiatives supporting the neighbourhood's continued evolution. The project is supported by a comprehensive package of planning approvals, engineering reports and technical due diligence, providing a clear path toward near-term execution. An exceptional opportunity for developers, hotel operators, institutional investors and joint venture partners seeking a premier urban development opportunity in one of Canada's strongest mixed-use markets. Just steps from Parliament Hill, the ByWard Market, the University of Ottawa, Rideau Centre, LRT transit and the Gatineau bridges. |
| Price | $8,500,000 |
| Taxes: | $61237.90 |
| Tax Type: | Annual |
| Assessment Year: | 2026 |
| Occupancy: | Vacant |
| Address: | 275 King Edward Avenue , Lower Town - Sandy Hill, K1N 7M2, Ottawa |
| Postal Code: | K1N 7M2 |
| Province/State: | Ottawa |
| Legal Description: | PT OF LOT B AND 7, RP 43586 |
| Directions/Cross Streets: | Clarence Street / Murray Street |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Designated |
| Total Area: | 16942.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit Recreation/Comm |
| Financial Statement: | F |
| Chattels: | F |
| Franchise: | F |
| Washrooms: | 0 |
| Sewers: | Sanitary+Storm |
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| PMML INC. |
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Sharon Soltanian
Broker Of Record
Dir:
416-892-0188
Bus:
416-901-8881
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Land |
| Area: | Ottawa |
| Municipality: | Lower Town - Sandy Hill |
| Neighbourhood: | 4002 - Lower Town |
| Tax: | $61,237.9 |
| Fireplace: | N |
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