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289 Mcarthur Ave, Vanier, ON

Name: 289 Mcarthur Ave, For Sale in Vanier - eXp Realty
Brand: SOLID ROCK REALTY
SKU: X13620328
Price: 979000 CAD

House

For Sale

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835

MLS® X13620328

Key Facts
Description
Rooms
Map

Key Facts

Type Triplex

Levels Residential Income

Size -

Garage Yes

Taxes $5,510

Days Active 1

Lot Size

Approx. Age

MLS® Number X13620328

Property Address: 289 Mcarthur Ave, Vanier, ON, K1L6P3

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

Description

Exceptional Investment & Redevelopment Opportunity - TM Zoned TriplexRare opportunity to acquire a well-maintained, income-producing triplex in the heart of Vanier with highly desirable Traditional Mainstreet (TM) zoning, offering outstanding flexibility for investors, developers, and owner-operators alike.This fully leased property features three residential units, all occupied by long-term tenants, providing stable and reliable rental income from day one. Additional revenue is generated through two detached garages that are currently rented, as well as a coin-operated laundry for tenant convenience.The property's Traditional Mainstreet (TM) zoning significantly enhances its long-term value by permitting a broad range of residential, commercial, and mixed-use opportunities. Continue operating the property as a successful triplex, renovate and add value, or explore the potential to redevelop into a higher-density residential or mixed-use building. TM zoning is designed to encourage intensification along established urban corridors and permits a variety of uses, including apartment dwellings, retail, offices, restaurants, professional services, and mixed-use developments.Situated along the McArthur Avenue corridor, this prime location offers quick access to downtown Ottawa, public transit, shopping, restaurants, schools, parks, hospitals, and the Rideau River pathways, making it an attractive location for both tenants and future redevelopment.Whether you're seeking a turnkey investment with dependable cash flow, land for future redevelopment, or a property with commercial and mixed-use potential, 289 McArthur Avenue presents an exceptional opportunity in one of Ottawa's established and evolving urban neighbourhoods. (id:58753)Show Description

MLS® NumberX13620328

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age

BasementOther, See Remarks, N/A

DrivewayDetached Garage, Garage

Garage Spaces

HeatForced air, Natural gas

A/CWindow air conditioner

Extras

Price History

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