Parkway Park - Queensway Terrace S and Area, ON K2H 7B3
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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Last updated: 2026-06-17, 7:43:42 p.m.
