About this property

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.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13496488
Status	Active
Listing Type	For Sale
Property Type	Land
Interior Size	16,942 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	4002 - Lower Town
City	Lower Town - Sandy Hill
Postal Code	K1N 7M2
Province	ON
Listed Date	June 26, 2026
Days on Market	41
Price per Sq Ft	$502
Brokerage	PMML INC.