405-439 St. Laurent Boulevard Shows Strong Real Estate Value

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Late last week, the 2-storey retail-office plaza on St. Laurent Boulevard near Montreal Road sold for $5.25 Million, up substantially from the $2.2 Million paid for the property in 2006. Built in 1975 and anchored by a Mac’s convenience store, this ±35,000 sq.ft. plaza sold for roughly $150.00/sq.ft. of GFA, representing the benchmark level for this type of real estate in Ottawa.

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