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This 12.1 acres of development land is currently zoned Rural Countryside, to be included in the new Urban boundary expansion. The vendor has requested ~4 acres along March Road to be planned for Retail/Commercial and ~8 acres at the back to be residential. The vendor wishes to keep ~4 acres to develop an office/retail building supporting the planned community but will consider selling the ~4 proposed retail/commercial acres along March Road. The ± 8 acres in the back zoned Residential at $475,000/acre. North Kanata has seen significant growth in the last few years, with many new residential and commercial developments. Due to increased traffic flow, March Road has recently been expanded to 4 lanes; Traffic count at the intersection of March Road and Maxwell Bridge is an average of 20,212 cars per day. There are retail plazas within 1 km including retailers such as Shoppers Drug Mart, TD Bank, Sobeys, LCBO and many more. As part of the recent Urban Boundary expansion, North March Road has been identified as an area for growth; the subject property will be absorbed into Ottawa’s Urban Boundary, likely by late 2014. The Purchaser agrees to allow the vendor to live rent free for up to one year on the property after closing.The asking price for the 12.1 acres is $5,750,000.