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101 Queen Street & 108-116 Sparks Street 3 Properties in Ottawa, ON
INVESTMENT HIGHLIGHTS
- 111 fully-furnished, extended stay hotel suites;
- 189 parking stalls and 79 storage lockers
- 20,440 SF of prime urban retail space; and
EXECUTIVE SUMMARY
TD Cornerstone Commercial Realty Inc. and Cushman & Wakefield Ottawa (collectively, the “Advisors”), have been retained on an exclusive basis by KSV Restructuring Inc. in its capacity as receiver and manager (the "Receiver") of the property, assets and undertaking of Ashcroft Urban Developments Inc. including its interest in the real property known municipally as 101 Queen Street and 108-116 Sparks Street, Ottawa, Ontario (the "Property" or "Offering").
The Offering is located within a recently completed, modern mixed-use development steps away from Parliament Hill in downtown Ottawa and offers investors the opportunity to acquire and operate an established extended stay hotel property or reposition as a luxury rental apartment building.
The Offering is located within a recently completed, modern mixed-use development steps away from Parliament Hill in downtown Ottawa and offers investors the opportunity to acquire and operate an established extended stay hotel property or reposition as a luxury rental apartment building.
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 318,856 SF |
| Number of Properties | 3 | Total Land Area | 1.32 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 318,856 SF |
| Total Land Area | 1.32 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
reStays Ottawa
101 Queen St, Ottawa, ON K1P 5C7 |
Hospitality | 48,416 SF | 2021 | - |
|
ReResidences
108-116 Sparks St, Ottawa, ON K1P 5G3 |
Multifamily | 250,000 SF | 2021 | - |
|
reRESIDENCES - 101 Queen Street
101 Queen St, Ottawa, ON K1P 0A8 |
Retail | 20,440 SF | 2019 | - |
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101 Queen Street & 108-116 Sparks Street
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