Park Place 110-120 Central Park Dr Immeuble residentiel 199 lots À vendre Ottawa, ON K2C 4G3

On behalf of KSV Restructuring Inc., in its capacity as Court-appointed receiver of 2067166 Ontario Inc. and 1230772 Ontario Inc. (collectively, the “Vendor”), Newmark Seniors Housing Group is pleased to present the opportunity to acquire Park Place Retirement Residence (“PPRR”) and Park Place Seniors’ Suites (“PPSS”) (together, the “Properties” or “Park Place”).
Constructed in 2003 and 2006, the Properties comprise a 199-unit, continuum-of-care senior living campus offering Independent Living, Independent Supportive Living, Assisted Living, and Memory Care.
Ideally located in Ottawa’s west-end Carlington neighbourhood—a mature, established, and affluent residential enclave—Park Place benefits from strong local demographics and access to nearby healthcare and community amenities. The two-property configuration (PPRR & PPSS) enables operational efficiencies, enhanced resident retention, and long-term value creation, offering a rare opportunity to achieve scale, synergy, and quality in one of Canada’s most stable seniors housing markets.
PPSS also presents investors with a unique value-enhancement option: continue the existing lease with Queensway Carleton Hospital ("QCH") (expiring March 2026) to de-risk lease-up, or elect to terminate the lease at expiry to unlock the higher-value Independent Living revenue potential otherwise captured under the lease.
Supported by strong sector tailwinds and constrained new supply, Park Place is well positioned to reach stabilization within a three-year timeframe—offering a compelling scenario for short-term financing followed by an equity takeout at maturity.
This is a rare and compelling investment opportunity for private and institutional investors seeking a value-add, turnaround strategy in a core Canadian market. We welcome your interest and look forward to engaging in further discussion.