The prominent former home of the Hudson's Bay department store in downtown Ottawa has officially hit the market. The landmark property located at 73 Rideau Street is now available for purchase, marking a significant real estate opportunity in the heart of the nation's capital.
A Prime Downtown Location Hits the Market
News of the listing broke on December 24, 2025, as confirmed by reports. The building, a well-known fixture on one of Ottawa's most prominent streets, represents a major piece of commercial real estate. Its sale is expected to draw considerable attention from developers and investors looking for a foothold in the central business district.
The listing comes after the department store ceased operations at this location, leaving a substantial vacancy in a high-traffic area. The property's size and central positioning near the ByWard Market, Parliament Hill, and major hotels make it a unique and valuable asset.
Details and Potential for the Historic Site
While the specific asking price has not been publicly disclosed in initial reports, the value of the property is anticipated to be substantial given its prime location and iconic status. Real estate analysts suggest the sale could signal a new chapter for the site, potentially involving redevelopment or repurposing for mixed-use retail, office, or residential space.
The fate of the building's exterior, which holds historical significance for many Ottawa residents, will likely be a point of discussion during any sale negotiations. Potential buyers will need to consider both the commercial potential and the building's place in the city's architectural and retail heritage.
What This Means for Ottawa's Core
The sale of such a large and centrally located property is more than a simple transaction; it is an event with implications for the future of Rideau Street and downtown Ottawa. A successful redevelopment could inject new energy into the surrounding area, attracting more foot traffic and businesses.
Community and business leaders will be watching closely to see what plans emerge for the site. The goal for many will be a solution that respects the location's history while contributing positively to the ongoing evolution and vitality of Ottawa's urban core. The coming months will be crucial in determining the next act for this iconic address.
