$4,500,000

Exceptional mixed-use development opportunity in the heart of Old Ottawa East. Offered as a three-parcel land assembly comprising 3 Hawthorne Avenue & 221 Echo Drive, with approximately 925.73 m (9,964 sq. ft.) of combined land area. Preliminary zoning review indicates proposed MS1 [2222] H(20) zoning, permitting building heights up to 20 metres with no mandatory minimum parking requirements. Conceptual development analysis suggests the potential for approximately 36,000-45,000 sq. ft. of gross buildable area, with commercial uses at grade and mid-rise residential development above. Prominent corner location with significant frontage along Colonel By Drive and Hawthorne Avenue, directly adjacent to the Rideau Canal corridor and minutes from downtown Ottawa, Lansdowne Park, Main Street, Elgin Street, and Highway 417. Property being offered as one assembly. Buyers to complete their own due diligence regarding zoning, development potential, permitted uses, servicing, and approvals. (id:41202)