275 King Edward Avenue
Lower Town - Sandy Hill, ON
- 16,942 sqft
- Land
- 81 days on market
Rare opportunity to acquire a flagship 121-unit mixed-use development site in the heart of downtown Ottawa, approved for an 8-storey project featuring 67 hotel suites and 54 residential units. The approved development includes ground-floor commercial space and two levels of underground parking. More than a decade in the making, this landmark redevelopment has been carefully planned to deliver a strategic mix of hospitality, residential and retail uses. Positioned along one of Ottawa's busiest arterial corridors, directly beside the recently completed 9-storey Holiday Inn Express, the property offers exceptional visibility and long-term growth potential. The surrounding area is undergoing significant public and private reinvestment, with major redevelopment projects, new housing, streetscape improvements and City-led community initiatives supporting the neighbourhood's continued evolution. The project is supported by a comprehensive package of planning approvals, engineering reports and technical due diligence, providing a clear path toward near-term execution. An exceptional opportunity for developers, hotel operators, institutional investors and joint venture partners seeking a premier urban development opportunity in one of Canada's strongest mixed-use markets. Just steps from Parliament Hill, the ByWard Market, the University of Ottawa, Rideau Centre, LRT transit and the Gatineau bridges.
Listing Details
- Taxes (2026)
- $61,238
- Listed
- June 25, 2026
Price History
Property
- Lot Size
- 202.35 x 102.45 Feet
Utilities
- Sewer
- Sanitary+Storm Available
Location & Legal
- Cross Street
- Clarence Street / Murray Street
- Zoning
- TM[2789] S458, SDB [2789] S458
- Parcel Number
- 042130037
- Possession
- Immediate
- Occupancy
- Vacant
Community
Postal area K1N
- Population
- 26,639
- Private dwellings
- 17,122
- Median age
- 34
- Average household size
- 1.8
- Median household income
- $64,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Lower Town - Sandy Hill · last 12 months
- Median sold price
- $478,000
- Homes sold
- 221
- Median days on market
- 34
- Sale-to-list price
- 96.7%
Based on 221 recorded sales of commercial properties in Lower Town - Sandy Hill over the last 12 months.
Listed by
PMML INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 16,942 sq ft
- Price per sq ft
- $501.71
- Annual property tax
- $61,238
- Tax per sq ft
- $3.61
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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