241 SE Citiplace Drive N, Cityview - Parkwoods Hills - Rideau Shore

Price is not $1.00. Please contact Listing Agent for pricing guidance. CBRE Limited is pleased to offer for sale the vacant infill development lands municipally known as 241 Citiplace Drive and 275 Citiplace Drive (collectively, the "Properties") within the City of Ottawa.The Properties comprise a combined land area of approximately 2.014 acres, including 1.176 acres at 241 Citiplace Drive and 0.838 acres at 275 Citiplace Drive. The parcels are not contiguous and may be acquired separately or together, allowing purchasers to pursue independent or coordinated development strategies, subject to market conditions and required approvals. Both Properties are located within the City of Ottawa's urban boundary and are zoned Neighbourhood Zone 5 - N5C under the City of Ottawa Zoning By law. The N5 zone is intended to accommodate residential uses within Neighbourhoods, supporting a range of building forms that are compatible with the existing physical character while contributing to the City's housing objectives. Development within this zone is subject to applicable performance standards and any site specific provisions. The Properties are currently vacant and each parcel is considered independently developable. Consistent with the Official Plan, future development will be required to demonstrate compatible intensification, having regard to matters such as built form, massing, transition, access, and servicing. Any proposed development will be subject to the City's normal planning and development approvals, including Site Plan Control, which will establish detailed parameters including height, unit count, access, parking, servicing, and landscaping. There is no requirement that the Properties be developed together.