The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
A rare and outstanding opportunity to acquire a premier corner redevelopment site at one of Ottawa's most active and recognizable west-end intersections. Positioned in the north-east corner of Greenbank Road and Baseline Road, this highly visible 0.278-acre (12,110 sq ft) property benefits from a combined daily traffic count exceeding 31,000 vehicles, providing the kind of arterial exposure that is increasingly difficult to secure in an established urban market. The site offers exceptional dual street frontage, strong corner presence, and outstanding signage potential, making it ideally suited for retail, mixed-use, or residential intensification development. Zoned General Mixed-Use (GM), the property accommodates a wide range of permitted commercial and residential uses and aligns directly with the City of Ottawa's intensification objectives for the Baseline Road corridor - a designation that supports density, streamlines approvals, and enhances long-term asset value. The property will be sold in clean commercial condition, removing a critical barrier to development and allowing a purchaser to move efficiently from acquisition to approvals. The surrounding trade area is characterized by dense, established residential neighbourhoods, a mature retail and service ecosystem, major OC Transpo transit routes, and proximity to Algonquin College and significant west-end employment nodes. These fundamentals drive consistent, year-round traffic volumes and underpin the strong demographic profile that retailers, developers, and institutional investors look for in an infill site of this nature. Corner sites combining this level of traffic exposure, zoning flexibility, locational prominence, and clean condition are exceptionally rare in Ottawa's supply-constrained urban core. This is a compelling acquisition for developers, investors, and owner-users with a long-term value creation mandate in one of the National Capital Region's most active growth corridors.
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Owners vs Renters
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Household Type
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$9,856/mo
Mortgage (principal + interest)$6,547
Property taxFrom listing: $39,709/yr$3,309
Minimum 20% ($350,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$350,000
Ontario land transfer taxProvincial brackets, no first-time refund$31,475
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$384,275
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Parkway Park - Queensway Terrace S and Area has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
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