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Gilboa Place 3301-3325 Uplands Dr 209 Unit Apartment Building For Sale Ottawa, ON K1V 9X6
Investment Highlights
- Rare Multi-Residential Investment Opportunity
- Exceptional Transit, Networked Location
- Below Market Rents with Material Upside
- Prime Suburban Location
- Stable Cash Flow & High Occupancy
- Future Development Potential
Executive Summary
Cushman & Wakefield Ottawa and TD Cornerstone Commercial Realty Inc. (collectively, the “Advisors”) are pleased to present for sale a 100% freehold interest in Gilboa Place
Apartments (the “Property”) on behalf of Ayalon Holdings Limited (the “Vendor”). This proven value-add, 209-unit multi-residential rental community is situated on a 6.07-acre site at 3301-3325 Uplands Drive, in Ottawa, Ontario, and comprises a high-rise apartment tower along with a collection of townhomes. Constructed in 1978, the Property features an 8 and 10-storey apartment tower with 137 units, offering a mix of bachelor, one, two, and three-bedroom suites. Larger, 2-storey, townhome-style units are located at the base of the tower, providing a range of layouts that cater to a diverse tenant base. All tower units include large private balconies, allowing residents to enjoy peaceful views, a retreat from the bustle of downtown Ottawa. The Property also includes 72 townhomes distributed across six blocks, offering spacious three and four-bedroom layouts well suited for families. Ample tenant and visitor parking is available through a two-level parking structure and surface parking, totaling 261 spaces.With excellent connectivity to downtown Ottawa, major employment hubs, Carleton University, and recreational destinations throughout the Greenbelt, the Property offers an attractive living experience for a wide range of tenant profiles.On behalf of the Vendor, the Advisors are seeking expressions of interest from qualified parties on the basis of the information included within the Confidential Information Memorandum, property tours and Virtual Data Room (VDR), which shall be made available to parties that have executed the Confidentiality Agreement provided by the Advisors. Please contact the Advisors with any inquiries or tour requests.
Apartments (the “Property”) on behalf of Ayalon Holdings Limited (the “Vendor”). This proven value-add, 209-unit multi-residential rental community is situated on a 6.07-acre site at 3301-3325 Uplands Drive, in Ottawa, Ontario, and comprises a high-rise apartment tower along with a collection of townhomes. Constructed in 1978, the Property features an 8 and 10-storey apartment tower with 137 units, offering a mix of bachelor, one, two, and three-bedroom suites. Larger, 2-storey, townhome-style units are located at the base of the tower, providing a range of layouts that cater to a diverse tenant base. All tower units include large private balconies, allowing residents to enjoy peaceful views, a retreat from the bustle of downtown Ottawa. The Property also includes 72 townhomes distributed across six blocks, offering spacious three and four-bedroom layouts well suited for families. Ample tenant and visitor parking is available through a two-level parking structure and surface parking, totaling 261 spaces.With excellent connectivity to downtown Ottawa, major employment hubs, Carleton University, and recreational destinations throughout the Greenbelt, the Property offers an attractive living experience for a wide range of tenant profiles.On behalf of the Vendor, the Advisors are seeking expressions of interest from qualified parties on the basis of the information included within the Confidential Information Memorandum, property tours and Virtual Data Room (VDR), which shall be made available to parties that have executed the Confidentiality Agreement provided by the Advisors. Please contact the Advisors with any inquiries or tour requests.
Property Facts
| Sale Type | Investment | Lot Size | 2.15 AC |
| No. Units | 209 | Building Size | 227,390 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 10 |
| Apartment Style | Mid-Rise | Year Built | 1978 |
| Building Class | C | Parking Ratio | 0.68/1,000 SF |
| Sale Type | Investment |
| No. Units | 209 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 2.15 AC |
| Building Size | 227,390 SF |
| Average Occupancy | 99% |
| No. Stories | 10 |
| Year Built | 1978 |
| Parking Ratio | 0.68/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Laundry Facilities
- Security System
- Recycling
- Smoke Free
- Storage Space
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 600 |
| 1+1 | 59 | - | 750 |
| 2+1 | 75 | - | 1,025 - 1,050 |
| 3+1 | 48 | - | 1,160 |
| 4+2 | 26 | - | 636 - 1,700 |
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Moderately walkable
60/100
Moderately drivable
60/100
Good public transit
70/100
Exceptionally bikeable
90/100
Contacts
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Nathan
Smith
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Scott
Brooker
-
Adam
Freedman
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John
Coates
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Jason
Lay
-
Massimo
Lorusso
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Gilboa Place | 3301-3325 Uplands Dr
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