Overbrook overhaul: Gemstone files proposal to replace North River Road apartments with condos

Gemstone Overbrook development

An Ottawa real estate firm wants to demolish an apartment building in Overbrook and replace it with condos.

Gemstone recently filed an application to construct a five-storey building at 949 North River Rd., just south of McArthur Avenue. A two-storey, 10-unit apartment building that currently occupies the 0.4-acre site would be torn down to make way for the new project.

The proposed development would feature 46 condominium units, including 30 one-bedroom suites and 16 two-bedroom units, and about 4,000 square feet of amenity space. The plan also calls for parking for 40 vehicles and 39 bicycles, with nine surface-level car spots and the rest in an underground lot.

The proposed 17-metre building exceeds height limits under current zoning bylaws. Gemstone is also requesting relief to allow for reduced setbacks and other minor variances.

It’s one of a number of projects in the pipeline for Gemstone, which specializes in custom-built homes, large renovations, construction and other developments and owns a growing inventory of rental apartment buildings.

Earlier this year, the firm said it was teaming up with Montreal developer Vered Group on a proposed 16-storey residential highrise and “community hub” on the northwest corner of Somerset Street West and O’Connor Street.