Urbandale

What Urbandale does

Urbandale Corporation is a privately held, vertically integrated real estate development and property management company headquartered in Ottawa, Ontario, founded in 1959. The company owns and operates a diversified portfolio spanning four product lines: residential rentals across 8+ communities (Canterbury Square, Lord Halifax Place, The Seigniory, The Watergate, Bridlewood Garden Homes, Riverside Gate), commercial spaces across 15+ plazas and office buildings (100 Metcalfe, 360 Lisgar, Armstrong Plaza, Bridgestone Plaza, Kanata Lakes Plaza, and others), for-sale condominiums at Northwest One, and land development including the Riverside South Business Park offering 1.5 to 45 acre parcels.

The company's revenue model is built primarily on recurring subscription-style rental income (residential and commercial leases billed monthly), supplemented by episodic transaction revenue from condominium unit sales and one-time land sales to commercial developers. Residential rents range from approximately $1,835/month for a bachelor suite to $4,000/month for luxury 2-bedroom units at Riverside Gate, while condominium units at Northwest One sell from $409,900 to $449,900. The go-to-market motion is direct-to-consumer: Urbandale staffs on-site rental and management offices at each property, handles inquiries and applications through the corporate website (powered by Rentsync), and conducts direct commercial leasing through a named commercial contact. The company targets residential renters, condominium buyers, commercial tenants (from QSR and banking enterprises like McDonald's, Starbucks, BMO, RBC, and Scotiabank to SMB health and retail tenants), and land buyers/lessees for commercial development.

Urbandale operates exclusively within the Ottawa metropolitan area, with no disclosed geographic expansion plans beyond this market. The company has BOMA BEST certifications on its commercial office buildings, BBB accreditation, and partners with Rentsync for its technology platform. It is independently and privately owned with 51-100 employees, no parent company, no disclosed investors, and no public listing.

Name

Urbandale

Legal name

Urbandale Corporation

Website

https://www.urbandalecorporation.com

Company type

Private

Founded year

1958

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Real Estate Development and Property Management

NAICS

Residential Property Managers (531311), Land Subdivision (2372), Lessors of Real Estate (5311), Rental and Leasing Services (532)

SIC

Operators Of Apartment Buildings (6513), Land Subdividers & Developers (No Cemeteries) (6552), Operators Of Nonresidential Buildings (6512), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industry

Urban & Regional Planning (Land Use, Zoning, Master Planning) (BPAIANAD)

Keywords

• Residential property rentals
• Commercial real estate leasing
• Land development services
• Condominium development
• Property management

Headquarters

HQ city

Ottawa

HQ country

Canada

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Residential Rental Income: Revenue from leasing residential apartments and garden homes across multiple properties in Ottawa. Properties include Canterbury Square, Lord Halifax Place, The Seigniory, The Watergate, Riverside Gate, and Bridlewood Garden Homes. Units range from bachelor to 3+ bedroom suites with monthly rents.
2. Commercial Space Leasing: Revenue from leasing retail and office spaces across 15+ commercial plazas in Ottawa and Gloucester. Includes retail plazas (Bridgestone Plaza, Armstrong Plaza, Portobello Plaza), office buildings (100 Metcalfe, 360 Lisgar), and mixed-use properties.
3. Land Sales and Development: Revenue from selling and leasing land parcels in master-planned communities. Riverside South Business Park offers 1.5 to 45 acre lots for commercial development. Land development in communities including Riverside South, Kanata Lakes, Bridlewood, and Cowan's Grove.
4. Condominium Sales: Revenue from selling condominium units at Northwest One, a luxury waterfront condominium development offering 2-bedroom units with views of the Ottawa skyline.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Urbandale Corporation is a diversified real estate development and property management company that develops, owns, and manages residential rental apartments and garden homes, commercial retail plazas and office buildings, luxury condominiums, and developable land parcels across the Ottawa metropolitan area. The company operates a vertically integrated platform spanning land acquisition, master-planned community development, construction, leasing, and ongoing property management. Its portfolio includes 15+ commercial plazas, 8+ residential communities, and the Riverside South Business Park.

Product overview

Urbandale Corporation is a diversified real estate development and property management company offering residential rentals, commercial leasing, condominiums, and land development across Ottawa. The portfolio includes: (1) Residential Rentals at multiple properties including Canterbury Square, Lord Halifax Place, The Seigniory, The Watergate, Bridlewood Garden Homes, and Riverside Gate; (2) Commercial Spaces including office buildings at 360 Lisgar, 100 Metcalfe, and 2723 Lancaster, plus retail plazas such as Bridgestone Plaza, Armstrong Plaza, Kanata Lakes Plaza, Cowan's Grove Plaza, and others; (3) Condominiums at Northwest One; and (4) Land Development including the Riverside South Business Park. The company manages properties spanning from east to west across Ottawa, including Orleans, Hunt Club, Alta Vista, Village Green, Bridlewood, Cowan's Grove, Kanata Lakes, and Riverside South communities.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Rentals Rental apartments and garden homes across Ottawa, including bachelor to 3+ bedroom units at Canterbury Square, Lord Halifax Place, The Seigniory, The Watergate, Riverside Gate, and Bridlewood Garden Homes, with on-site management, 24-hour emergency service, and amenities such as pools and fitness centres.
• Commercial Spaces for Lease Office and retail spaces for lease across 15+ properties in Ottawa and Gloucester, including office buildings (360 Lisgar, 100 Metcalfe, 2723 Lancaster) and retail plazas (Bridgestone Plaza, Armstrong Plaza, Kanata Lakes Plaza, Cowan's Grove Plaza, Portobello Plaza, Stonehaven Plaza, and others).
• Northwest One Condominiums Maintenance-free luxury condominiums in Ottawa with 2-bedroom units (approximately 1,050 sq. ft.) starting at $409,900, featuring saltwater pool, exercise room, saunas, tennis courts, and proximity to the Ottawa River and NCC Parklands.
• Land Development Sale and lease of developable land parcels in master-planned Ottawa communities, including the Riverside South Business Park offering 1.5 to 45-acre lots located 1.8 km from the Limebank LRT station.
• 360 Lisgar Office Building 10-storey BOMA BEST certified office building in downtown Ottawa featuring 28,000 sq. ft., units from 4,607 sq. ft., full floors of 12,248 sq. ft., 150 parking spaces, 24-hour security, and high-speed fiber internet.
• 100 Metcalfe Office Building 18-storey BOMA BEST certified office tower in Ottawa's financial district with 62,000 sq. ft., 79 underground parking spaces, ground floor retail, and accessibility features. Full floors of 8,255 sq. ft. available for lease.
• Armstrong Plaza Four-story retail and office development in Riverside South at Earl Armstrong and Limebank Road with approximately 137,700 sq. ft., approximately 700 parking spaces, three drive-thru locations, and units starting at 1,149 sq. ft.
• Bridgestone Plaza Retail plaza in Kanata along Eagleson Road with 52,804 sq. ft., 240 parking spaces, six modern stand-alone buildings, one premium drive-thru opportunity, and retail units starting at 1,200 sq. ft.
• Kanata Lakes Plaza 40,871 sq. ft. retail plaza in Kanata Lakes with 174 parking spaces, five modern buildings with outdoor patio space, drive-thru capability, and tenants including Kowloon Supermarket.
• Cowan's Grove Plaza Commercial development in Ottawa's Findlay Creek neighbourhood near Bank Street with 160 parking spaces, featuring Starbucks, RBC, Crust & Crate, and other retail and medical tenants.
• Riverside South Business Park Land development opportunity with 1.5 to 45-acre lots for sale or lease located 1.8 km from the Limebank LRT station and adjacent to the Ottawa international airport.

Named customers21 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Minto Group: Ottawa-headquartered real estate developer and property manager with residential rental, condominium, and commercial operations across Ontario. Highly comparable vertically integrated platform with strong Ottawa presence and similar product breadth to Urbandale.
• Claridge Homes: Ottawa-based residential developer founded in 1954, building homes and condominiums across the Ottawa region. Closely comparable in founding era, Ottawa focus, and developer-operator profile to Urbandale.
• Richcraft Homes: One of Ottawa's largest homebuilders and developers, operating in residential construction, land development, and commercial real estate. Comparable Ottawa-centric developer profile with overlapping residential and land development activities.
• Brigil: Ottawa-based residential and commercial developer with a long track record of building homes, condominiums, and rental communities in the National Capital Region. Comparable developer-operator with overlapping product lines and geography.
• Tamarack Homes: Ottawa-area homebuilder and developer producing single-family homes, townhomes, and condominiums in master-planned communities. Comparable product mix and Ottawa region focus, though more builder-led than Urbandale's broader platform.

Broad incumbents

• Morguard Corporation: Canadian publicly-traded real estate company with diversified residential, retail, and office investments across Canada. Comparable in commercial property ownership and management but operates at much larger national scale than Urbandale.
• Dream Unlimited: Canadian real estate developer with operations in residential communities, commercial properties, and land development. Comparable business model in master-planned community development but at significantly larger national scale.
• Brookfield Property Partners: Global commercial real estate owner and operator with significant office and retail holdings. Comparable in commercial property ownership and management but vastly larger and more diversified than Urbandale's regional portfolio.
• Mattamy Homes: North America's largest privately-owned homebuilder, with land development and homebuilding operations across Canada including Ottawa. Comparable in residential development and land banking but at much greater scale and broader geographic reach.

Emerging players

• Domicile Developments: Ottawa-based boutique condominium developer focused on urban mid-rise projects. Comparable in Ottawa condominium development but with narrower product focus and smaller scale than Urbandale's diversified platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/urbandalecorporation
• Instagraminstagram.com/urbandalecorporation

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Urbandale