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National ChainsDepartment Store AnchorsFast FashionFamily EntertainmentCinema & Leisure

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Ultra-Luxury PositioningDiscount Retail

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St. Laurent Shopping Centre is a regional enclosed mall in Ottawa, Ontario, spanning 868,000 square feet of gross leasable area across three levels. Owned by Morguard REIT and opened in 1967, it features renovations from 2013 and ongoing 2025 revitalizations including new store openings and digital enhancements. Anchors comprise Walmart Supercentre, Hudson's Bay, Sport Chek, Toys "R" Us, H&M, and Cineplex Odeon, supporting a tenant mix of approximately 180 national, regional, and independent retailers focused on fashion, lifestyle, dining, services, and entertainment.

Non-retail components include office spaces, Willis College, Herzing College, medical clinics, and dental offices, diversifying revenue streams. Situated at 1200 St. Laurent Boulevard in east Ottawa, it targets a trade area of over 500,000 residents with middle-income, multicultural demographics in neighborhoods like Vanier and Gloucester-Southgate. Annual footfall reaches 7.5 million visitors, bolstered by its role as a community hub with events tied to local partners such as Atlético Ottawa.

Accessibility includes direct Highway 417 access, integration with OC Transpo LRT Line 1 at St-Laurent station, bus routes, intercity services, and 4,100 free parking spaces. In Ottawa's retail landscape, marked by 3.5% vacancy and rising rents in H1 2025, St. Laurent maintains a competitive mid-tier position as the third-largest mall in the National Capital Region.

Leasing advantages encompass flexible short-term specialty options and strong traffic, though challenges arise from e-commerce pressures, apparel category saturation, and proximity to competitors like Rideau Centre and Place d'Orleans.

Operational quality is average, with potential infrastructure aging offset by recent investments.

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Hours of Operation

Hours

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Monday09:30 AM — 09:00 PM
Tuesday09:30 AM — 09:00 PM
Wednesday09:30 AM — 09:00 PM
Thursday09:30 AM — 09:00 PM
Friday09:30 AM — 09:00 PM
Saturday09:30 AM — 09:00 PM
Sunday11:00 AM — 05:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

1200 St. Laurent Boulevard, Ottawa, Canada

Insights

Footfall and Demographics

St. Laurent generates 7.5 million annual visitors, driven by its central east-end location serving a diverse trade area of 500,000+ with median household incomes around CAD 70,000 and a multicultural population including significant immigrant communities. This supports steady retail performance in a stable Ottawa economy, but footfall varies seasonally, peaking during holidays and events. Strengths include reliable middle-class spending power; weaknesses involve lower disposable income compared to west-end suburbs, potentially limiting luxury category sales amid broader market saturation.

Tenant Mix and Occupancy

The tenant mix balances 50-60% fashion and accessories (H&M, Mark's), 20% services and dining, 15% lifestyle and electronics, and 5-10% entertainment, with high anchor stability from Walmart and Hudson's Bay. Occupancy hovers at 95%+, reflecting Ottawa's tight 3.5% market vacancy in 2025, offering lessees diverse co-tenancy benefits. Advantages: Broad appeal attracts families and students; drawbacks: Overrepresentation in apparel risks cannibalization, and non-retail tenants dilute pure retail synergy, exposing to office market fluctuations.

Accessibility and Competition Risks

Prime accessibility via Highway 417, LRT connectivity, and ample free parking enhances draw from Ottawa and Gatineau, reducing access barriers for 80% of the trade area within 20 minutes. However, competition from Rideau Centre (downtown, higher-end mix) and Place d'Orleans (east, family-focused) pressures mid-tier positioning, while aging pre-2025 infrastructure poses maintenance risks. Lease terms feature base rents of CAD 40-55 per sq ft plus NNN, with short-term flexibility, but traffic congestion and e-commerce shifts present ongoing challenges to performance.

Building Details

Property Type
Regional
Gross Leasable Area
90,200
Year Built
1967
Parking Spaces
3000
Average Monthly Footfall
1,000,000
Owner
Morguard REIT
Anchor Tenants
Hudson's Bay, Sport Chek, H&M

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
20 km
Catchment area population
650,000 People
Population growth rate
1.5 %
Median age
40.0 Years
Household size
2.5 Persons
Education level (tertiary)
40.0 %

Median household income
$102,000 CAD per year
Unemployment rate
6.5 %
Cost of living index
95 Index (Canada=100)

Retail spending per capita
$15,000 CAD per year
Spending on apparel
$1,200 CAD per year
Spending on groceries
$5,000 CAD per year
Spending on electronics
$1,000 CAD per year

Annual foot traffic
12,000,000 Visitors
Dwell time
75 Minutes
Conversion rate
35.0 %
Sales per square meter
$8,000 CAD per sqm per year

Number of retail stores
180 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
Medium Density
Tenant diversity
High Diversity
Unique Concepts
Yes Presence

Gross Leasable Area
90,200 sqm
Number of Levels
2 Levels
Average rent per square meter
$300 CAD per sqm per year
Vacancy rate
5.9 %
Lease term flexibility
Standard Terms
Available retail space
nan sqm

Proximity to main roads
Direct Access
Public transport access
Excellent Access
Parking spaces
3,000 Spaces
Pedestrian traffic
High Traffic

E-commerce competition
High Competition
Click-and-collect adoption
High Adoption
Internet penetration
95.0 %

Retail crime rate
Low Rate
Security measures
Full-time security, cameras Measures

Promotional events
Regular Events
Loyalty program penetration
nan Penetration
Digital signage presence
Yes Presence

Projected foot traffic growth
5.0 %
New tenant pipeline
Yes Pipeline
Mall expansion plans
Revitalization Plans
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