Mirna Botros
613-600-2626289 Mcarthur Avenue - $979,000
289 Mcarthur Avenue - $979,000
289 Mcarthur Avenue
$979,000
3404 - Vanier
Ottawa, OntarioK1L6P3
8 beds
3 baths
5 parking
MLS#: X13620328Listed: about 4 hours agoUpdated:about 3 hours ago
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:58075)Details
Details for 289 Mcarthur Avenue, Ottawa, Ontario- Property Type
- Multi Family
- Building Type
- Triplex
- Storeys
- 3
- Neighborhood
- 3404 - Vanier
- Land Size
- 29 x 97 FT
- Year Built
- -
- Annual Property Taxes
- $5,510
- Parking Type
- Detached Garage, Garage
Inside
- Appliances
- Washer, Refrigerator, Stove, Dryer
- Rooms
- 17
- Bedrooms
- 8
- Bathrooms
- 3
- Fireplace
- -
- Fireplace Total
- -
- Basement
- Other, See Remarks, N/A
Building
- Architecture Style
- -
- Direction
- Cross Streets: McArthur. ** Directions: Highway 417:Take Exit 118 - Vanier Parkway.Head north on Vanier Parkway.Turn right onto McArthur Avenue.
- Type of Dwelling
- triplex
- Roof
- -
- Exterior
- Brick
- Foundation
- Poured Concrete
- Flooring
- -
Land
- Sewer
- Sanitary sewer
- Lot Size
- 29 x 97 FT
- Zoning
- -
- Zoning Description
- -
Parking
- Features
- Detached Garage, Garage
- Total Parking
- 5
Utilities
- Cooling
- Window air conditioner
- Heating
- Baseboard heaters, Electric
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- Carpet Free
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 289 Mcarthur Avenue, Ottawa, OntarioMap
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