CAONVanier and Kingsview Park218-220 Mcarthur Avenue

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218-220 Mcarthur Avenue, Vanier and Kingsview Park, ON

Name: 218-220 Mcarthur Avenue, For Sale in Vanier and Kingsview Park - eXp Realty
Brand: ROYAL LEPAGE INTEGRITY REALTY
SKU: X12671512
Price: 1600000 CAD

Real Estate

For Sale

$--,---,---

245

MLS® X12671512

Key Facts
Description
Rooms
Map

Key Facts

Type Quadruplex

Levels Residential

Size -

Garage No

Taxes $3,743

Days Active 2

Lot Size

Approx. Age

MLS® Number X12671512

Property Address: 218-220 Mcarthur Avenue, Vanier and Kingsview Park, ON, K1L6P5

Average square foot calculated using Size range provided by listing agent.

Description

ATTENTION BUILDERS & INVESTORS - SHOVEL READY 9 UNIT DEVELOPMENT Vanier, Ottawa. 220 McArthur Avenue represents a rare opportunity to acquire a fully entitled, shovel ready development site in one of Ottawa's fastest intensifying urban corridors. Ideally positioned steps from Vanier Parkway and McArthur Avenue, the site benefits from excellent transit connectivity, proximity to downtown, and strong longterm rental fundamentals. The property is offered at $1.6M as land with approvals, featuring a demolition permit issued and fully approved architectural plans for a 9 unit residential building. All utilities have been fully disconnected, allowing for an immediate and efficient start to redevelopment. Estimated Project Economics (Upon Completion) Approximate Gross Monthly Rental Income: $20, 600, Approximate Gross Annual Rental Income: $247, 200, Estimated Stabilized Net Operating Income (NOI): ~$181, 764 Capitalization Rate Applied: 5.50% Estimated Stabilized Value: ~$3.3M. A future value appraisal has been completed by an AACI designated appraiser, with valuation conclusions based on the above stabilized income assumptions, subject to construction in accordance with the approved plans. Preliminary construction cost guidance suggests approximately $1.8M, subject to final contractor pricing, scope confirmation, and purchaser due diligence. To obtain the final release of approved plans from the City, a known and fully disclosed municipal payment of approximately $95, 000 remains outstanding.The project is eligible for CMHC MLI Select financing, offering the potential for below prime interest rates and amortization periods of up to 50 years, significantly enhancing leverage, cash flow, and long term return potential, subject to CMHC and lender approval. NDA required prior to the release of architectural drawings, appraisal materials, supporting documentation, or the scheduling of site visitsShow Description

MLS® NumberX12671512

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageNo

Approx. Age

BasementCrawl Space

DrivewayGarage Type:None

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For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.