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Chartwell sells Ottawa seniors residence for less than it paid for it 10 years ago

REIT had labeled property as a non‑core asset
The Duke of Devonshire Retirement Residence at 1095 Carling Ave. in Ottawa sold after roughly four months on the market. (CoStar)
The Duke of Devonshire Retirement Residence at 1095 Carling Ave. in Ottawa sold after roughly four months on the market. (CoStar)
CoStar News
March 26, 2026 | 10:13 P.M.

Chartwell Retirement Residences sold its Duke of Devonshire Retirement Residence in Ottawa for $49 million, about 10 years after buying the property for $63.6 million.

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News | Chartwell sells Ottawa seniors residence for less than it paid for it 10 years ago