LOW DENSITY TRANSACTIONS Residential Land
Ottawa River
417 HWY
Future Hazeldean LRT Station
5618 HAZELDEAN ROAD, KANATA, OTTAWA
The Highest-Valued
in Ottawa’s Residential Land Transaction
history
Our team represented the vendor in the disposition of 5618 Hazeldean Road, 212 acres of Draft Plan Approved land located in Kanata, Ottawa. The approved plan allows for a significant mixed use development of scale with the ability to build upwards of 2,755 units with additional commercial/retail space. We began marketing the site in November 2021 and had a firm deal in place in December 2021. The transaction closed in April 2022 for a total consideration of $245,000,000 to Minto, which makes this the highest-valued land deal completed in Ottawa’s history.
Vendor: Kizell Management Corporation
Price: $245,000,000
Purchaser: Minto
Size: 212 ac.
Date: April 2022
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