289 MCARTHUR AVENUE
Ottawa, Ontario
MLS® X13620328
$949,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13620328
- Bedrooms
- 8
- Bathrooms
- 3
- Year built
- —
1 / 31Listing description
PRIME INVESTMENT & REDEVELOPMENT OPPORTUNITY IN THE HEART OF VANIER! Discover the potential of 289 McArthur Avenue, a well-maintained, income-producing triplex offering exceptional versatility for investors, developers, and entrepreneurs. Fully leased with three long-term residential tenants, this property provides established rental income from day one.
Formerly a dental office, the property offers a unique history and exciting possibilities for future use. Zoned Traditional Mainstreet (TM), it presents opportunities for residential, commercial, and mixed-use development, subject to municipal approvals. Maintain the existing triplex, enhance rental income through improvements, or explore redevelopment and intensification potential.
Additional income is generated from two rented detached garages and coin-operated laundry facilities. Ideally situated along the McArthur Avenue corridor, just minutes from downtown Ottawa, public transit, shopping, restaurants, schools, parks, and the Rideau River pathways. With its established rental income, desirable urban location, and flexible zoning, this property offers both immediate investment value and exciting long-term potential.
INVEST TODAY, DEVELOP TOMORROW - THE POSSIBILITIES ARE ENDLESS!
Property summary
- MLS® number
- X13620328
- Property type
- Multi-family
- Building type
- Triplex
- Land size
- 29 x 97 FT
- Annual property taxes
- $5,509.67
- Parking
- 5 spaces · Detached Garage, Garage
- Days on market
- 95 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Window air conditioner
- Basement
- Other, See Remarks, N/A
- Appliances
- Washer, Refrigerator, Stove, Dryer
- Exterior features
- Brick
- Lot features
- Carpet Free
What would this home cost you?
Based on the $949,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of SOLID ROCK REALTY, OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.