378 Leighton Terrace

Lennard Commercial Realty, Brokerage ("the Advisor") has been retained by MNP LTD. Court Appointed Receiver of Ashcroft Homes - 108 Richmond Road Inc. ("Court Appointed Receiver") to facilitate the sale of the development site located at 378 Leighton Court, Ottawa, Ontario. The sale of this property is to be completed through the Court Appointed Receiver. The 4.23-acre site is currently improved with the former "Seours de la visitation" monastery and is now vacant. Concept plans suggest the development of up to 496 units within varied building types as well as commercial units within the renovated monastery building. The buildings consist of a mix of purpose-built rentals and a senior residence. Proposed Gross Floor Area (GFA) totals approximately 360,500sf. The monastery is subject to a Heritage Designation where parts of the buildingare to be retained.