221 Echo Drive
221 Echo Drive
$4,500,000
$452/sq ft · 25 days on market
About This Listing
Exceptional mixed-use development opportunity in the heart of Old Ottawa East. Offered as a three-parcel land assembly comprising 3 Hawthorne Avenue & 221 Echo Drive, with approximately 925.73 m (9,964 sq. ft.) of combined land area. Preliminary zoning review indicates proposed MS1 [2222] H(20) zoning, permitting building heights up to 20 metres with no mandatory minimum parking requirements. Conceptual development analysis suggests the potential for approximately 36,000-45,000 sq. ft. of gross buildable area, with commercial uses at grade and mid-rise residential development above. Prominent corner location with significant frontage along Colonel By Drive and Hawthorne Avenue, directly adjacent to the Rideau Canal corridor and minutes from downtown Ottawa, Lansdowne Park, Main Street, Elgin Street, and Highway 417. Property being offered as one assembly. Buyers to complete their own due diligence regarding zoning, development potential, permitted uses, servicing, and approvals.
| Monthly Mortgage (P&I) | $19,606 |
| Property Tax (MLS) | $3,750 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $23,356 |
Down payment: $900,000 (20.0%) · Mortgage: $3,600,000
Property tax uses MLS annual tax of $45,000/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by SLEEPWELL REALTY GROUP LTD
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Data last updated: August 23, 2026 at 04:25 a.m.