275 King Edward Avenue
275 King Edward Avenue
$8,500,000
$502/sq ft · 16 days on market
About This Listing
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.
| Monthly Mortgage (P&I) | $37,034 |
| Property Tax (MLS) | $5,103 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $42,137 |
Down payment: $1,700,000 (20.0%) · Mortgage: $6,800,000
Property tax uses MLS annual tax of $61,238/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by PMML INC.
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Data last updated: August 23, 2026 at 04:25 a.m.