- What A 3.74-acre mixed-use site is up for grabs in Gatineau, Qué.
- Why Seller has submitted plans for 1m sq ft of new residential and mixed-use density on the site
- What next Permits are in the works, with city approval anticipated by September 2025
A mixed-use property that is being positioned for redevelopment in Gatineau, Qué., has come to market with a guidance price of $18m, Green Street News can reveal.
Marcus & Millichap has the marketing assignment. BTB REIT and Huntington Properties are the owners of 7-9 Boulevard Montclair.
The property includes two buildings totaling 74,936 sq ft combined. They comprise retail and office space. Key tenants include Public Works and Government Services Canada (PWGSC) and Tigre Géant. Houston Avenue Bar & Grill is the single tenant of the building located on the corner lot.
The 3.7-acre site includes 259 parking stalls. It is less than 5km from downtown Ottawa and less than 6km from downtown Gatineau.
According to marketing materials, the property is poised for transit-oriented development. The site is positioned adjacent to a Rapibus lane.
The property is being marketed as a redevelopment play, with ownership submitting plans for up to 1m sq ft of new residential and mixed-use density. The city is reportedly in favour of the proposal, which would allow for towers up to 40 storeys. Permits are in the works, with approval anticipated by September 2025.
BTB REIT is a Montréal-based public real estate investment trust with a national footprint in office, retail and industrial assets, and a portfolio exceeding 70 properties. The firm is known for disciplined asset management and a focus on value-added repositioning in Québec and Ontario.
Huntington Properties is an Ottawa-based private developer and asset manager, active in the acquisition, development and repositioning of retail and mixed-use assets throughout the National Capital Region. The firm has a track record of executing complex urban infill and redevelopment projects on both sides of the Ottawa River.
