People walking next to a skyscraper
  • Ottawa
  • Ontario
  • Residential
  • Retail
  • March 2021

Rideau & Chapel

A new-build residential and retail development in the heart of Canada’s capital.

About the building

Rideau & Chapel is a mixed-use, 25-story retail and residential building on the corner of its namesake streets in downtown Ottawa. On completion, it will feature over 600 apartments for rent and 9,000 square feet of retail space. It is located on the eastern edge of the central business district near the Rideau Centre, the University of Ottawa, the Chateau Laurier, the Rideau Canal and Parliament Hill.

Investment rationale

As a mixed-use residential and retail development, Rideau & Chapel will have diversified income streams from the start. The building is located in a prime Ottawa position near local landmarks and within close proximity to the brand-new Rideau LRT Station along the Confederation Line. Construction is progressing on schedule with possession estimated for late 2022.

The LaSalle Canada Property Fund has purchased a 47.5% stake in Rideau & Chapel.

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Important information

The assets presented are meant for illustrative purposes only, are subject to change without notice and are not meant as a projection or estimate of the nature of any future investments to be made by the Fund or returns on any such investments. This information has been prepared by LaSalle in order to illustrate the type of assets held and/or transactions completed by the Fund; transactions for properties exhibiting the same or similar characteristics may not be available or profitable in the future.