275 King Edward Avenue, Lower Town - Sandy Hill, ON K1N 7M2
$8,500,000
275 King Edward Avenue, Lower Town - Sandy Hill, ON K1N 7M2, Lower Town - Sandy Hill, ON
16942.0 sqft
Rare opportunity to acquire a flagship 121-unit mixed-use development site in the heart of downtown Ottawa, approved for an 8-storey project featuring 67 hotel suites and 54 residential units. The approved development includes ground-floor commercial space and two levels of underground parking. More than a decade in the making, this landmark redevelopment has been carefully planned to deliver a strategic mix of hospitality, residential and retail uses. Positioned along one of Ottawa's busiest arterial corridors, directly beside the recently completed 9-storey Holiday Inn Express, the property offers exceptional visibility and long-term growth potential. The surrounding area is undergoing significant public and private reinvestment, with major redevelopment projects, new housing, streetscape improvements and City-led community initiatives supporting the neighbourhood's continued evolution. The project is supported by a comprehensive package of planning approvals, engineering reports and technical due diligence, providing a clear path toward near-term execution. An exceptional opportunity for developers, hotel operators, institutional investors and joint venture partners seeking a premier urban development opportunity in one of Canada's strongest mixed-use markets. Just steps from Parliament Hill, the ByWard Market, the University of Ottawa, Rideau Centre, LRT transit and the Gatineau bridges.
Property Highlights
For Sale
MLS NO.
X13496488
Type
Commercial
Sub Type
Land
Square Footage
16942.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Land
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X13496488
Lot Width
202.35
Lot Size Units
SquareFeet
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
275 King Edward Avenue, Lower Town - Sandy Hill, ON K1N 7M2
City
Lower Town - Sandy Hill
Neighbourhood
4002 - Lower Town
County / Region
Ottawa
Province / State
ON
Postal Code
K1N 7M2
Cross Street
Clarence Street / Murray Street
Directions
Located on King Edward Avenue between Clarence Street and Murray Street
Country
CA
List Price
$8,500,000
Annual Taxes
$61,238
Tax Year
2026
Legal Description
PT OF LOT B AND 7, RP 43586
Possession Type
Immediate
Possession Details
Immediate
Listing Office
PMML INC.
Board
Ottawa Real Estate Board
Original Entry
2026-06-26T22:16:43Z
Media Updated
2026-06-26T22:16:43Z
Photos Updated
2026-06-26T22:16:43Z
Last Modified
2026-06-26T22:16:43Z
System Modified
2026-07-06T21:40:01.237609Z
MLS Status
New
Ddfyn
Yes
Expiration Date
2026-09-20
Hstapplication
In Addition To
Occupant Type
Vacant
Originating System Id
A00001796
Parcel Number
042130037
Public Remarks
Rare opportunity to acquire a flagship 121-unit mixed-use development site in the heart of downtown Ottawa, approved for an 8-storey project featuring 67 hotel suites and 54 residential units. The approved development includes ground-floor commercial space and two levels of underground parking. More than a decade in the making, this landmark redevelopment has been carefully planned to deliver a strategic mix of hospitality, residential and retail uses. Positioned along one of Ottawa's busiest arterial corridors, directly beside the recently completed 9-storey Holiday Inn Express, the property offers exceptional visibility and long-term growth potential. The surrounding area is undergoing significant public and private reinvestment, with major redevelopment projects, new housing, streetscape improvements and City-led community initiatives supporting the neighbourhood's continued evolution. The project is supported by a comprehensive package of planning approvals, engineering reports and technical due diligence, providing a clear path toward near-term execution. An exceptional opportunity for developers, hotel operators, institutional investors and joint venture partners seeking a premier urban development opportunity in one of Canada's strongest mixed-use markets. Just steps from Parliament Hill, the ByWard Market, the University of Ottawa, Rideau Centre, LRT transit and the Gatineau bridges.
