Nestled within the rapidly gentrifying Parkdale Market neighborhood, this Property is improved with a 29,400 square foot, multi level office and industrial building, currently fully occupied by the Owner. The opportunity provides a buyer a short-term, income producing investment through a sale-leaseback with the Owner, supported by future high-density development potential.
The new City of Ottawa zoning by-law has predominately classified the neighborhood surrounding the Property as H2- Hub Zone 2, which allows for high-density development. 300 Parkdale is centrally nestled within this neighborhood with a unique IM - Mixed Industrial Zone designation, supporting a variety of unique commercial uses. This zoning provides a buyer an ability to use the Property for uses that will service this future high density district.
The new Official Plan and Scott Street Secondary Plan include this Property within the policy framework for future high-density development, supporting an exciting future place-making opportunity.