Location: 2911 Prince of Wales Drive,
Size: Approximately 6.3 Acres ; 540 ft plus waterfront.
Current Zoning: R1E (Single Detached Residential).
Frontage (3 Roads): Prince of Wales Drive, Rideau Glen Drive. (Currently 3 public access points).
2911 Prince of Wales represents an extremely rare development opportunity in the city of Ottawa. This property has 550’ feet of beautiful waterfront along the Rideau River and 900’ feet frontage along Prince of Wales Drive. The property is Ideally located within the city. It s believed this is the only waterfront property of this size (about 7acres) currently zoned
for residential development. The property has frontage on 3 public roads with beautiful natural features including a “within the property” creek bounded by mature vegetation and forestry.
The property is currently zoned for single detached residential dwellings and conforms to all planning requirements as set
out in the zoning bylaw (R1E) and no variances are required for development. Importantly the property has municipal sewer at the property line and this is an exceptionally rare feature for waterfront properties along the Rideau river in the and in the urban area.
Green Eagle Development Inc. has been negotiating with the vendor and is in the final stages. As part of this process Green Eagle has requested a feasibility report by qualified Quantity Surveyors typically required by lenders for the financing of construction financing and general validation of projects. This has been completed and the report validates the project. Eagle Creek is currently negotiating with construction lenders and has submitted relevant documents required for their consideration. In addition, the IBI Group is currently finalizing the residential designs.