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Ottawa building sells for redevelopment

TCU Development acquired a four-storey structure from Tungasuvvingat Inuit for $5.25 million
The four-storey wood frame building at 1071 Richmond Road in Ottawa was acquired for redevelopment. (CoStar)
The four-storey wood frame building at 1071 Richmond Road in Ottawa was acquired for redevelopment. (CoStar)
By Lauren Rupe with
CoStar Research
September 22, 2026 | 4:49 P.M.

TCU Development Corp., a multifamily developer whose projects include the SoUL at Aviation project on Ogilvie Road and apartments on Cummings Avenue and Tremblay Road, acquired a four-storey building at 1071 Richmond Road in Ottawa from Tungasuvvingat Inuit for $5.25 million, or approximately $273 per square foot.

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