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THE OFFERING
CBRE Limited has been retained on an exclusive basis by Les Oeuvres Oblates de l’Ontario (the “Vendor” or “Owner”) to arrange the sale of a development site of significant scale and tremendous historical cachet (the “Property” or the “Site”), which is located adjacent to Main Street and the Rideau River in the heart of Ottawa, Ontario. This offering represents the rare opportunity to acquire the largest remaining development land site in the City of Ottawa, Canada’s National Capital and the second largest city in the Province of Ontario, which benefits from stable employment prospects as a result of the Federal government and above average household income. The Site comprises approximately 1,165,666 SF (26.76 acres or 10.83 hectares) and includes ±166,700 SF of building improvements, which includes the Deschâtelets or main Building, Old Chapel/Library, Old Convent, and gymnasium among others. The Site, which is home to 175 Main Street, represents one of the few large residential redevelopment opportunities within the well-established neighborhoods situat-ed adjacent to Ottawa’s Central Business District. The Site is located on the East side of Main Street, South of the Queensway (Autoroute 417) and Lees Avenue, and along the western banks of the Rideau River, adjoining Les Soeurs du Sacré Coeur’s convent and St. Paul’s University. This unique development opportunity is located in the epicenter of a major urban Canadian market and comprises a large land holding along the Rideau River, featuring excellent waterfront views and curb appeal, a historic and prestigious profile, heritage significance and noteworthy municipal support for a new development initiative. The bidding process will be open until Thursday October 10th, 2013 and is being offered without a formal asking price.
CBRE Limitée | Montréal, QC | Ottawa, ON
175 MAIN STREETOTTAWA, ON
Main
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PRESTIGIOUS RIVER-FRONT DEVELOPMENT OPPORTUNITY OF SCALE Marketing Flyer
INVESTMENT HIGHLIGHTS
Rare Opportunity to Acquire a Prestigious Land Site for RedevelopmentThe prime development Site comprises approximately 1,165,666 SF (26.76 acres or 10.83 hectares), enabling prospective purchasers to firmly establish themselves in the development sphere as a result of the offering’s significant scale. A combination of multi-residential and mixed-use in-place zoning will allow a prospective purchaser to build a minimum of 1,000 residential units. Irreplaceable Centrally Located Site Offering Excellent ExposureThe Site is located in the highly sought after Ottawa East market approximately 2 km from the Central Business District and Parliament Hill. Both are accessible via Main Street, which also provides a multitude of local commercial services and conveniences. The Site benefits from ~300 feet (~91 meters) of frontage on Main Street and ~1,654 feet (~504 meters) along the traverse line of the Rideau River, resulting in excellent waterfront views. Strong Access and Transportation Infrastructure in Close ProximityDevelopment of the Site provides an opportunity to integrate the Property into the neighborhood complementing its unique cultural attractions and events. The Property’s location off of Main Street allows a seamless two-way transportation route to both Centertown and the Downtown Core from the Queensway. Access to the important east-west running Autoroute 417 is located less than 1 km from the Site, with north-south running Routes 19 (Riverside Drive), 72 (Main Street), 85 (Bank Street) and 79 (Bronson Avenue) all within 5 km. Regular bus routes are available along both Main Street and Lees Avenue, with Lees Station on the new light rail transit system located just a few minutes from the Site. Incorporating the Historic Appeal of Surrounding NeighborhoodSituated on the foothills of the Rideau River, the Site is situated in one of Ottawa’s most historic nodes. Additionally, the Site has a deeply imbedded legacy in the community playing an important role in maintaining the area’s positive environmental impact. The tree-lined refuge retains its cachet as its historical significance is enhanced, and the opportunity to create a seamless entrance into the Site from Main Street poses intriguing possibilities. This historical and prestigious profile will be a major draw to the proposed residential development opportunity. The future development will incorporate the historic Deschâtelets building, originally constructed in 1885, which will undoubtedly contribute to the historic appeal of the development opportunity. Excellent Municipal Support for Development InitiativeWith excellent municipal support and a historical precedent that has allowed for favorable zoning amendments, the City of Ottawa has been highly supportive of this redevelopment initiative. Since 2006, the City of Ottawa decided to start designing a plan for how Old Ottawa East will look in the future, what types of buildings will be allowed and how the neighborhood will be laid out as it changes over time. As a result of the Property’s scale, prominent location and value to the community, it sat at the forefront of this discussion and is one of the focal points and catalysts of the new community design plan.
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2012 Demographic Ottawa, ON Ottawa - Gatineau CMAGatineau, QC2012 Demographic Snapshot
Total Population2007 actual 891,560 291,060 1,182,6202012 estimated 957,677 317,036 1,274,7132017 projected 1,027,253 347,080 1,374,333% Pop. Change (2007-2012) 7.4% 8.9% 7.8%% Pop. Change (2012-2017) 7.3% 9.5% 7.8%
2012 Households 386,614 132,391 519,005Persons per household 2.43 2.37 2.42Average household income $102,285 $83,097 $97,390
Source: PCensus
Ottawa, ON Gatineau, QC Ottawa - Gatineau CMA
Main Street
CBD OTTAWA~ 5 MINS
PARLIAMENT HILL~ 5 MINS
CBRE Limitée2001 McGill College Avenue
Suite 2000Montréal, Quebec H3A 1G1
T 514 849 6000F 514 849 7095
Jean-Pierre Gagnon, C.App. Vice President
Certified Real Estate BrokerT 514 849 1229
Robert Metcalfe, C.App.Vice President
Certified Real Estate BrokerT 514 849 5591
CBRE Limited333 Preston Street
7th floor Ottawa, Ontario K1S 5N4
T 613 782 2266 F 613 782 2296
Erik FalardeauVice President
Sales RepresentativeT 613 788 3791
Shawn HamiltonVice President
Sales Representative T 613 782 3092
175 Main Street
