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Renanza Realty
For sale

221 ECHO DRIVE

Ottawa, Ontario

MLS® X13455254

$4,500,000

Status
Active
Property type
Vacant land
MLS® number
X13455254
Bedrooms
—
Bathrooms
—
Year built
—

Listing description

Exceptional mixed-use development opportunity in the heart of Old Ottawa East. Offered as a three-parcel land assembly comprising 3 Hawthorne Avenue & 221 Echo Drive, with approximately 925. 73 m (9,964 sq.

ft.) of combined land area. Preliminary zoning review indicates proposed MS1 [2222] H(20) zoning, permitting building heights up to 20 metres with no mandatory minimum parking requirements.

Conceptual development analysis suggests the potential for approximately 36,000-45,000 sq. ft. of gross buildable area, with commercial uses at grade and mid-rise residential development above.

Prominent corner location with significant frontage along Colonel By Drive and Hawthorne Avenue, directly adjacent to the Rideau Canal corridor and minutes from downtown Ottawa, Lansdowne Park, Main Street, Elgin Street, and Highway 417. Property being offered as one assembly. Buyers to complete their own due diligence regarding zoning, development potential, permitted uses, servicing, and approvals.

Property summary

MLS® number
X13455254
Property type
Vacant Land
Square footage
9,964 sq ft
Land size
96.63 x 75.72 FT
Annual property taxes
$45,000.00
Days on market
108 days

What would this home cost you?

Based on the $4,500,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$20,938 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of SLEEPWELL REALTY GROUP LTD, OTTAWA.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.