342 Queen Mary Street | 24-Unit Multi-Family Residential
A Missing Middle Housing Development in Overbrook, Ottawa 342–350 Queen Mary Street is a 24-unit multifamily infill development in Overbrook, Ottawa, led by NCTL Group. The project transforms an underutilized residential site into purpose-built housing designed to respond to Ottawa’s growing need for homes that are affordable, accessible, energy-efficient, and integrated into established neighbourhoods. Rather than relying on high-rise development, the project embraces the concept of “missing middle” housing — creating more homes within an existing community while maintaining a scale that fits naturally within the surrounding neighbourhood. The project reflects NCTL Group’s broader mission of building wealth while doing good: creating long-term investment value while delivering tangible benefits to residents and the community.
Location
342 Queen Mary Street, Overbrook, Ottawa, Ontario, Canada
Size
25,000 Sq Ft
Type
Infill Development | Affordable Multi-Residential Housing
Investor Perspective
From an investor's perspective, 342–350 Queen Mary represents a model of purpose-driven real estate investment — where financial performance and measurable community outcomes are considered together.
The project takes an existing residential site and increases its housing capacity while remaining compatible with the surrounding urban context. This creates an opportunity to generate additional housing supply without requiring a large-scale high-rise development.
For NCTL Group, the project also demonstrates that social impact can be incorporated into a financially disciplined development strategy. Affordable housing, accessibility and energy efficiency are not treated as separate from the investment thesis; they are integrated into the project's overall design and purpose.
The project also demonstrates the role that entrepreneurship, private investment and public-sector collaboration can play in addressing housing needs. At the project's groundbreaking, Councillor Rawlson King described the development as an example of what can be achieved when government and diverse entrepreneurs work toward a shared housing objective. (Rideau-Rockcliffe)
Why This Project Matters
Housing affordability is not only a question of how many homes are built — it is also about what types of homes are built, where they are located, and who can access them.
342–350 Queen Mary addresses several of these challenges simultaneously.
It adds 24 homes to an established Ottawa community, introduces affordable housing, incorporates accessible units, and uses an infill approach that makes more efficient use of existing urban land.
Most importantly, the project demonstrates the potential of missing middle housing to become part of Ottawa's housing solution.
For NCTL Group, the project is also personal. The company's founders have experienced the challenges of finding affordable housing as newcomers to Canada. That lived experience informs their approach to development: creating housing that is not simply financially viable, but also purposeful, inclusive and attainable.
Community Impact
🏠 More Housing
24 new homes contribute to Ottawa's overall housing supply.
💰 Greater Housing Affordability
30% of the homes are designated as affordable, helping create additional options for households facing affordability pressures.
♿ More Accessible Housing
20% fully accessible units expand housing options for people with accessibility needs.
🌱 More Sustainable Homes
Energy-efficient design supports more sustainable building operations and contributes to broader environmental goals.
🏘️ Missing Middle Housing
The development adds density while maintaining a human-scale, three-storey form that can integrate into an established neighbourhood.
📍 Urban Infill
The project makes productive use of existing urban land and infrastructure rather than relying solely on outward expansion.
👨👩👧👦 Inclusive Community
A mix of housing types and affordability levels creates opportunities for a broader range of residents to participate in the neighbourhood.
💼 Local Economic Impact
Construction and ongoing property operations create opportunities for trades, consultants, contractors, property managers and other local businesses.
🌍 Representation in Real Estate Development
The project demonstrates the growing role of Black women entrepreneurs in Canada's real estate development sector and creates a platform for NCTL Group to continue developing housing with both financial and social objectives.
Interested in This Project?
Whether you’re an investor, development partner, or organization aligned with our mission, we’d love to discuss how you can be involved.
