MCGARRY TERRACE & LONGFIELDS DRIVE

Transcription

1 DEVELOPMENT LAND FOR SALE MCGARRY TERRACE & LONGFIELDS DRIVE OTTAWA, ONTARIO STRANDHERD DRIVE GREENBANK ROAD 1034 MCGARRY TERRACE & 1117 LONGFIELDS DRIVE

2 VIMY MEMORIAL BRIDGE 1034 MCGARRY TERRACE & 1117 LONGFIELDS DRIVE 2 3

3 THE OPPORTUNITY 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 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. PROPERTY DETAILS Address 1034 McGarry Terrace 1117 Longfields Drive 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. PIN Legal Description PT LT 15 CON 2 RF, PT1 5R4619; NEPEAN Land Size 1.52 acres 0.84 acres BLOCK 4, PLAN 4M1303, OTTAWA. S/T EASEMENT IN GROSS OVER PARTS 1 & 2 ON 4R21963 AS IN OC 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. Zoning Mixed-Use Centre Zone Large Format Retail Shopping Centre 4 Official Plan Designation High Rise Mixed-Use ASKING PRICE $6,000, Minto- Ampersand Lands MARKETPLACE AVENUE 1034 McGarry Terrace 1117 Longfields Drive MCGARRY TERRACE Seniors Residence & Vacant Lots STRANDHERD DRIVE Childcare Facility & Residential Dwellings 5 5

4 JOCKVALE ROAD GREENBANK ROAD SURROUNDING AREA NEARBY AMENITIES HOME DEPOT SHOPPERS DRUGMART INDEPENDENT LOBLAWS GOODLIFE FITNESS SCOTIABANK CANADIAN TIRE 11 8 SOBEYS LCBO KELSEY S RESTAURANT 1034 MCGARRY TERRACE & 1117 LONGFIELDS DRIVE TD CANADA TRUST CINEPLEX THEATRES LONGFIELDS DRIVE STRANDHERD DRIVE INDIGO WINNERS 15 WALMART 6 7

5 NODE OVERVIEW 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 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. HOME TO THE MINTO RECREATION COMPLEX ONE OFOTTAWA S MOST RAPIDLY GROWING NEIGHBOURHOODS POPULATION OF BARRHAVEN 58,269 City of Ottawa Statistics VIMY MEMORIAL BRIDGE CONNECTING RIVERSIDE SOUTH & BARRHAVEN 8 9

6 JOCKVALE TRANSITWAY RIOCAN MCGARRY SUE HOLLOWAY LONGFIELDS CBRE MARKETING FLYER 10 DEVELOPMENT POTENTIAL 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 SOUTH NEPEAN - AREA 7 NEPEAN-SUD - SECTEUR 7 SECONDARY PLAN / PLAN SECONDAIRE Schedule 1 - Land Use Plan Annexe 1 - Plan d'utilisation du sol High Rise Mixed-Use / Immeubles de grande hauteur à utilisations Mid Rise Mixed-Use / Immeubles de hauteur moyenne à utilisations 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 Plan Consolidation and Amendments Ville d Ottawa Plan officiel Amendement au plan directeur approuvé #82 #138 #144 Proposed Building Elevations STRANDHERD GREENBANK CHAPMAN MILLS Rivière Jock River MARKETPLACE JOCKVALE LINDENSHADE SITE SALE PROCESS 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 SOUTH NEPEAN - AREA 7 NEPEAN-SUD - SECTEUR 7 Schedule 1 - Land Use Plan Annexe 1 - Plan d'utilisation du sol 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. SECONDARY PLAN / PLAN SECONDAIRE DUE DILIGENCE High Rise Mixed-Use / Immeubles de grande hauteur à utilisations 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. Mid Rise Mixed-Use / Immeubles de hauteur moyenne à utilisations 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 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: School / Mid Rise Residential / École / Immeubles résidentiels de hauteur moyenne Civic Complex / Complexe municipal CBRE Limited, Brokerage Ottawa Office 333 Preston Street, 7th Floor Ottawa, Ontario K1S 5N4 Strandherd Retail District / District commercial de Strandherd Stormwater Management Pond / Bassin de gestion des eaux pluviales City of Ottawa Official Plan Consolidation and Amendments CBRE Limited, Brokerage Toronto North Office 2005 Sheppard Avenue E, 8th Floor Toronto, Ontario M2J 5B4 Ville d Ottawa Plan officiel Amendement au plan directeur approuvé #82 #138 #144 Erik Falardeau* erik.falardeau@cbre.com Jason Child* jason.child@cbre.com *Sales Representative Mike Gainham Sales Representative mike.gainham@cbre.com 11

7 CBRE Limited, Real Estate Brokerage 333 Preston Street 7th Floor Ottawa, Ontario K1S 5N4 T F ERIK FALARDEAU* erik.falardeau@cbre.com CBRE Limited, Land Services Group, Real Estate Brokerage 2005 Sheppard Avenue East Toronto, Ontario M2J 5B4 T F JASON CHILD* jason.child@cbre.com MIKE GAINHAM Sales Representative mike.gainham@cbre.com *Sales Representative 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.