About Property

Institutional Property Advisors (IPA), a division of Marcus & Millichap, Brokerage (the "Advisor" or IPA") on behalf of the "Vendor" is please to offer for sale a 100% freehold interest 1209 St. Laurent Boulevard & 1200 Lemieux Street, Ottawa, Ontario (the "Property") The Property is a high-density residential development site located on the northeast corner of the intersection between Highway 417 and St. Laurent Boulevard. Spanning 1.1 acres, the site is strategically positioned within the Ottawa official plan within the inner urban transect. It is site plan-approved for 645 residential units comprised of two towers, 30 storeys per tower, and a gross construction area of approximately 676,812 SF. The opportunity is fully serviced, strategically positioned on TD3 (Transit-Oriented Development Zone) allowing for a maximum buildable height of 97 m, up to 30 storeys of development. The opportunity boasts approximately 159 ft of frontage on St. Laurent Boulevard and approximately 124 ft. of frontage on Lemieux Street.

Features