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129,285 SqFt
$ 1
Est. payment | /mo
129,285 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 129,285 sqft
Price per Sqft $0
Subdivision 6302 - Parkway Park
MLS Listing ID X12095347
Building Age 31-50
Annual Tax Amount $128,486
Tax Year 2024
Property Sub-Type Investment
Property Description
The Property is being offered on an unpriced basis with a bid-date to be announced. This exceptionally well-located property in Ottawa's west end provides an investor or developer an opportunity to reposition an existing 5-storey, 87,000square foot building while securing a 2.968-acre parcel of land currently with permissions for the development of multiple high-rise towers with maximum heights of up to 18-stories.Nestled within Ottawa West, the Pinecrest neighborhood is amenity rich offering direct access to service retail, necessity retail, employment, entertainment, community services, athletic facilities and schools for all ages. The Property has quick access to all forms of transportation, including proximity to the Pinecrest Light Rail Transit station via a new pedestrian fly-over, access to multi-use pathways and an established network of neighborhood, arterial and highway roadways. The Property is currently improved with a vacant 5-storey, 87,000 square foot former long-term care home with 81 surface paved parking stalls and a well land scaped garden area.
Location
Province ON
County Ottawa
Community 6302 - Parkway Park
Area Ottawa
Zoning MC20 S508
Interior
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 197.38
Lot Depth 681.51
Listed by CBRE LIMITED