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Residential Development Site with Holding Income - #1
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Colliers Macaulay Nicolls (“Colliers”) is pleased to offer , on behalf of “the Vendor”, an opportunity to purchase a 100% share of 50 Beechwood Avenue, Ottawa.

50 Beechwood Avenue is located in the main retail area in the affluent neighbourhoods of Rockliffe Park and Beechwood Village. The property is situated on over 2.37 acres of well-located lands. With the property zoned as a Traditional Mainstreet Zone (TM8[1274] S230), it allows a broad range of uses including office, medical as well as mid-rise residential uses. The property has also been identified as being a part of the Beechwood Avenue Subzone.

The Vendor retained Novatech to help substantiate an achievable density range and provide investors with a concept vision for the development potential on the subject Property. Two scenarios with a density range of approximately 4.7 – 5.17 FSI were presented and the details of the mid-rise scenarios are summarized. The full planning report is available in the data room.