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25,865 SqFt
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25,865 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 25,865 sqft
Price per Sqft $0
Subdivision 4101 - Ottawa Centre
MLS Listing ID X12099576
Building Age 0-5
Annual Tax Amount $918,082
Tax Year 2024
Property Sub-Type Investment
Property Description
Exceptional opportunity with views of Parliament Hill, the property includes 111 fully-furnished, extended stay hotel suites, independently operated as "reStays" (OCCP No. 1070); 20,440 square feet of prime urban retail space (OCCP No. 1067); 189 parking stalls, 79 storage lockers (OCCP No. 1068) and 18 residential condominium units branded as "reResidences" (OCCP No. 1069). Developed as a mixed-use property in response to an RFP by the National Capital Commission (NCC), the property comprises 4 distinct condominium corporations under a fully prepaid long-term ground lease. Featuring a 6-and 17-storey tower, the property was constructed to the highest quality standards, and offers luxurious in-suite finishes. Additionally, all units feature full kitchens and in-suite laundry providing optionality to reposition the hotel as a traditional rental apartment building.
Location
Province ON
County Ottawa
Community 4101 - Ottawa Centre
Area Ottawa
Zoning MDS27, Unassigned
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 128.51
Lot Depth 198.47
Listed by TD CORNERSTONE COMMERCIAL REALTY INC.
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