development land for sale mcgarry...
TRANSCRIPT
OTTAWA, ONTARIO
DEVELOPMENT LAND FOR SALE
MCGARRY TERRACE & LONGFIELDS DRIVE
1034 MCGARRY TERRACE & 1117 LONGFIELDS DRIVE
STRANDHERD DRIVE GREENBANK ROAD
VIMY MEMORIAL BRIDGE
1034 MCGARRY TERRACE & 1117 LONGFIELDS DRIVE
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Large Format Retail Shopping Centre
Seniors Residence & Vacant Lots
Minto- Ampersand Lands Childcare Facility &
Residential Dwellings
1034 McGarry Terrace
1117 LongfieldsDrive
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THE OPPORTUNITY
Address 1034 McGarry Terrace 1117 Longfields Drive
PIN 047320003 047322607
Legal Description PT LT 15 CON 2 RF, PT1 5R4619; NEPEAN
BLOCK 4, PLAN 4M1303, OTTAWA. S/T EASEMENT IN GROSS OVER PARTS 1 & 2 ON 4R21963 AS IN OC729578
Land Size 1.52 acres 0.84 acres
Zoning Mixed-Use Centre Zone
Official Plan Designation High Rise Mixed-Use
ASKING PRICE $6,000,000.00
CBRE Limited (“CBRE” or the “Advisor”) has been retained by the Vendor to act as its exclusive advisor to facilitate the sale of 1034 McGarry Terrace and 1117 Longfields Drive (the “Property or Properties”), development land located in Ottawa, Ontario. Situated in the suburb of Ottawa’s Barrhaven neighbourhood, the Property occupies a prominent position on the corner of Marketplace Avenue and Longfields Drive.
The site is being sold on an as is where is basis on behalf of Cameron Stephens Financial Corporation in its capacity as court ordered receiver for 1897365 Ontario Inc.
The 2.36 acre site is currently vacant. The Property is designated for high rise mixed-use within the South Nepean - Area 7 Secondary Plan. This allows for apartments, retail, office and service commercial activities.
AREA CONTEXT
The Subject Properties are located in Ottawa’s southwest, in the community of Barrhaven. The surrounding area is predominantly made up of large format commercial/retail and restaurant uses, a range of residential dwelling types, and institutional uses that primarily serve members of the local community.
The following identifies the land uses that surround the site:
NORTH:The lands directly to the north of the Subject Properties consist of vacant lots that are zoned Mixed-Use Centre (heading towards Strandherd Drive) and a senior living residence at the corner of Strandherd Drive and Longfields Drive known as The Court at Barrhaven. Beyond the uses to the immediate north, there is a child care facility and a residential subdivision with a range of dwelling types.
EAST:The Subject Properties are located at the northwest corner of Marketplace Avenue and Longfields Drive. Beyond Longfields Drive to the east there is a French Catholic high school (École secondaire catholique Pierre-Savard). Beyond the school to the east there are lands designated for institutional use and environmental protection.
SOUTH:The lands directly south of the Subject Properties are the location of a new Minto community (Ampersand), which includes a strip of land fronting Marketplace Avenue that will be reserved for future mixed-use development, as well as stacked dwellings and four (4) storey gallery condominium apartments. Beyond the Minto development are lands zoned Development Reserve for future development.
WEST:Located directly west of the Subject Properties is a large format retail shopping centre containing many prominent commercial tenants that can be accessed from Marketplace Avenue. Further, the retail shopping centre frames the intersection of Strandherd Drive and Greenbank Road. Beyond Greenbank Road to the west, commercial development and some residential uses along Strandherd Drive are present.
PROPERTY DETAILS
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STRANDHERD DRIVELONGFIELDS DRIVE
GREENBANK ROAD
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1034 MCGARRY TERRACE & 1117 LONGFIELDS DRIVE
JOCKVALE ROAD
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SURROUNDING AREANEARBY AMENITIES
7
SHOPPERS DRUGMART
INDEPENDENT
LOBLAWS
GOODLIFE FITNESS
SCOTIABANK
CANADIAN TIRE
SOBEYS
LCBO
KELSEY’S RESTAURANT
HOME DEPOT1
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TD CANADA TRUST11
CINEPLEX THEATRES12
INDIGO13
WINNERS14
WALMART15
HOME
CONNECTINGVIMY MEMORIAL BRIDGE
OTTAWA’SONE OF
TO THE
NODE OVERVIEW | BARRHAVEN
58,269
MOST RAPIDLY GROWING NEIGHBOURHOODS RIVERSIDE SOUTH & BARRHAVEN
Barrhaven is a rapidly growing suburban neighbourhood in the southwest of the urban area of the city of Ottawa, Ontario, Canada, about 17 kilometres southwest of downtown Ottawa.
The main commercial district surrounds the intersection of Strandherd Drive and Greenbank Road, with a seven-screen cinema, Loblaws, Wal-Mart, Indigo Books and Music, Staples, Winners, Homesense, Sobeys, Sport Chek, Starbucks, Your Independent Grocer, Heart & Crown, and Best Buy, among others. The Minto Recreation Complex, a new multi-use community center at the corner of Cambrian and Greenbank, opened in 2014. A major employment district was established in 2015 in the area west of Strandherd Drive adjacent to Highway 416, known as the CitiGate corporate campus. A Costco store has opened in fall of 2016, including several other retail establishments.
COMMUNITY AMENITIES
The subject Properties are located within Barrhaven Town Centre which is in close proximity to a wide range
of amenities within 1 kilometre.
Amenities include:
• Three (3) rapid transit stations: Strandherd, Marketplace, and Barrhaven Town Centre;
• Several regular OC Transpo bus routes: 95, 170, 171, 173, 175, 176, 177, 186, 205;
• Retail and commercial uses in the nearby Riocan Shopping Centre;
• École secondaire catholique Pierre-Savard;
• Child care services and senior residences;
• Rodeo Park, Moloughney Park, and Ventanna Park; and
• On-road cycling network.
BARRHAVENPOPULATION OF
MINTO RECREATION COMPLEX
City of Ottawa Statistics
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*Sales Representative
Based on information contained in this information package and other information contained in the data
room, access to which will be provided electronically and upon signing a Confidentiality Agreement,
interested parties are invited to submit an offer to purchase.
None of the initial offers, regardless of their form and content will create any binding legal obligations
upon the Seller or CBRE.
Neither the Seller nor CBRE make any representation, warranty, or any agreement whatsoever, that the
Seller will accept any agreement of purchase and sale, before or after negotiations, or, that the Seller or
CBRE, shall compensate any participant for any costs incurred in its participation in the process.
Offers will be evaluated, among other criteria, on the consideration offered for the Property, the prospective
buyer’s ability to complete the transaction and the proposed terms of closing (all cash). Prospective buyers
should note that the Seller is under no obligation to select any of the offers.
DATA ROOM
Upon signing a Confidentiality Agreement, qualified parties will be provided access to the electronic data
room. The data room contains all of the relevant documents related to the property.
DUE DILIGENCE
The Property is being offered on an “as is, where is” basis, and that no such representations or warranties
have been made by the Seller, or anyone acting on its behalf, as to the condition of the Property or any
buildings located thereon. Parties are invited to inspect the Property and review all due diligence material
available in the data room, prior to the submission of any offer. Property inspections may be arranged by
appointment through CBRE.
ADVISOR
The Advisor is acting solely as the agent for the Vendor and not as the agent for the purchaser. All inquiries
regarding the Property or any information contained in this marketing package should be directed to
CBRE Limited, Brokerage, as Advisor for the Vendor:
CBRE Limited, BrokerageOttawa Office333 Preston Street, 7th FloorOttawa, Ontario K1S 5N4
CBRE Limited, BrokerageToronto North Office2005 Sheppard Avenue E, 8th FloorToronto, Ontario M2J 5B4
Erik Falardeau*
Vice President
+1 613 788 3791
Jason Child*
Vice President
+1 416 495 6249
SALE PROCESSDEVELOPMENT POTENTIAL
Mike Gainham
Sales Representative
+1 416 495 6244
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Schedule 1 - Land Use PlanAnnexe 1 - Plan d'utilisation du sol
High Rise Mixed-Use /Immeubles de grande hauteur à utilisations polyvalentes
Mid Rise Mixed-Use /Immeubles de hauteur moyenne à utilisations polyvalentes
High Rise Residential /Immeubles résidentiels de grande hauteur
Mid Rise Residential /Immeubles résidentiels de hauteur moyenne
Neighbourhood Park /Parc de quartier
District Park /Parc de district
School /École
School / Mid Rise Residential /École / Immeubles résidentiels de hauteur moyenne
Civic Complex /Complexe municipal
Strandherd Retail District /District commercial de Strandherd
Stormwater Management Pond /Bassin de gestion des eaux pluviales
City of Ottawa Official PlanConsolidation and Amendments
Ville d’Ottawa Plan officielAmendement au plan directeur approuvé
#82 #138 #144
SOUTH NEPEAN - AREA 7NEPEAN-SUD - SECTEUR 7SECONDARY PLAN / PLAN SECONDAIRE
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Schedule 1 - Land Use PlanAnnexe 1 - Plan d'utilisation du sol
High Rise Mixed-Use /Immeubles de grande hauteur à utilisations polyvalentes
Mid Rise Mixed-Use /Immeubles de hauteur moyenne à utilisations polyvalentes
High Rise Residential /Immeubles résidentiels de grande hauteur
Mid Rise Residential /Immeubles résidentiels de hauteur moyenne
Neighbourhood Park /Parc de quartier
District Park /Parc de district
School /École
School / Mid Rise Residential /École / Immeubles résidentiels de hauteur moyenne
Civic Complex /Complexe municipal
Strandherd Retail District /District commercial de Strandherd
Stormwater Management Pond /Bassin de gestion des eaux pluviales
City of Ottawa Official PlanConsolidation and Amendments
Ville d’Ottawa Plan officielAmendement au plan directeur approuvé
#82 #138 #144
SOUTH NEPEAN - AREA 7NEPEAN-SUD - SECTEUR 7SECONDARY PLAN / PLAN SECONDAIRE
S I T E
The Property is designated as high rise mixed-use within the South Nepean - Area 7 Secondary Plan. The
site is currently envisioned for a 16 storey mixed-use development. The proposal consists of a total of 372
residential dwelling units (270,680 sq. ft.), 23,928 sq. ft. commercial uses and 9,687 sq. ft. of office space
for a total GFA of 304,296 sq. ft. No formal application has been made.
Conceptual Development Plan Proposed Building Elevations
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This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.
+CBRE Limited, Real Estate Brokerage333 Preston Street 7th Floor | Ottawa, Ontario | K1S 5N4 | T +1 613 782 2266 | F +1 613 782 2296 | www.cbre.ca
ERIK FALARDEAU* Vice President+1 613 788 [email protected]
*Sales Representative
CBRE Limited, Land Services Group, Real Estate Brokerage2005 Sheppard Avenue East | Toronto, Ontario | M2J 5B4 | T +1 416 494 0600 | F +1 416 494 6435 | www.cbre.ca
JASON CHILD*Vice President+1 416 495 [email protected]
MIKE GAINHAMSales Representative+1 416 495 [email protected]