Learn more about this property online at:
https://www.collierscanada.com/p-can2011389
https://www.collierscanada.com/p-can2011389
- For Sale
Colliers Macaulay Nicolls Inc. (“Colliers”) welcomes the opportunity to successfully represent “The Vendor” in the sale of 180 Argyle Avenue, Ottawa.
180 Argyle Avenue is located in the heart of Ottawa. The property is situated on over 70,000 SF of well-located lands. This offering includes the opportunity for a short term leaseback from the vendors for 18-24 months offsetting carrying costs.
With the property zoned as a Major Leisure Facility (L2), it allows a broad range of uses including museums, schools as well as retail food stores. The property is currently designated as general urban under the new OP and allows for in place heights ranging from 6 to 25 stories on the site.
A potential alternative density plan would allow for 550,000 SF of density with heights ranging from 9 to 25 storeys. The City’s expressed desire that zoning be updated on a site specific basis, at the initiative of the landowner, thereby allowing them to take advantage of Section 37 of the Ontario Planning Act. This allows for tremendous upside for any future development.
180 Argyle Avenue is located in the heart of Ottawa. The property is situated on over 70,000 SF of well-located lands. This offering includes the opportunity for a short term leaseback from the vendors for 18-24 months offsetting carrying costs.
With the property zoned as a Major Leisure Facility (L2), it allows a broad range of uses including museums, schools as well as retail food stores. The property is currently designated as general urban under the new OP and allows for in place heights ranging from 6 to 25 stories on the site.
A potential alternative density plan would allow for 550,000 SF of density with heights ranging from 9 to 25 storeys. The City’s expressed desire that zoning be updated on a site specific basis, at the initiative of the landowner, thereby allowing them to take advantage of Section 37 of the Ontario Planning Act. This allows for tremendous upside for any future development.
