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22,000 SF retail space in two 4-storey buildings. The City of Ottawa estimates a total residential growth potential of 28,774 units for the West Kanata/Stittsville area and nearby Canadian Tire Centre is a year-round attraction, hosting sports, concerts and cultural events. Rental rates starting at $24 PSF NNN for the ground floor retail with additional rent estimated at $9 PSF plus utilities. Possession Spring 2016.
The subject property is a mixed use development of 88,000 SF of retail and office space. Entire site (14.6 acres) can be developed into a mixed use of residential towers, hotels and retail. Residential Component includes plans for 102 townhomes in varying configurations and 104 low-rise apartment units. The land is currently zoned DR - Development Reserve Zone. Zoning for the area - south of Canadian Tire Centre to Hazeldean Road - is in the process of being changed towards an urban village concept: mixeduse, high and medium density residential, intensive employment, and prestigious business park. The asking price is $7,995,000.00.