Cushman & Wakefield Ottawa and TD Cornerstone Commercial Realty Inc. (collectively, the “Advisors”) are pleased to present for sale a 100% freehold interest in Gilboa Place
Apartments (the “Property”) on behalf of Ayalon Holdings Limited (the “Vendor”). This proven value-add, 209-unit multi-residential rental community is situated on a 6.07-acre site at 3301-3325 Uplands Drive, in Ottawa, Ontario, and comprises a high-rise apartment tower along with a collection of townhomes. Constructed in 1978, the Property features an 8 and 10-storey apartment tower with 137 units, offering a mix of bachelor, one, two, and three-bedroom suites. Larger, 2-storey, townhome-style units are located at the base of the tower, providing a range of layouts that cater to a diverse tenant base. All tower units include large private balconies, allowing residents to enjoy peaceful views, a retreat from the bustle of downtown Ottawa. The Property also includes 72 townhomes distributed across six blocks, offering spacious three and four-bedroom layouts well suited for families. Ample tenant and visitor parking is available through a two-level parking structure and surface parking, totaling 261 spaces.With excellent connectivity to downtown Ottawa, major employment hubs, Carleton University, and recreational destinations throughout the Greenbelt, the Property offers an attractive living experience for a wide range of tenant profiles.On behalf of the Vendor, the Advisors are seeking expressions of interest from qualified parties on the basis of the information included within the Confidential Information Memorandum, property tours and Virtual Data Room (VDR), which shall be made available to parties that have executed the Confidentiality Agreement provided by the Advisors. Please contact the Advisors with any inquiries or tour requests.