221 Echo Drive, Ottawa, Ontario, K1S1N1




$4,500,000
Ottawa
This lot in Ottawa is for sale offering roughly 9,964 sq ft of space.
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:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 140 days on market, against an average age of 63 days across the listings currently for sale in this city
This vacant land in Ottawa is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $4,500,000, about 42.5× the local median household income of $106,000.
Carrying it typically needs a household income of about $879,008 (20% down, 25-yr amortization, stress-tested) — roughly 729% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1S)
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