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$949,000
Est. payment /mo
8 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500 - 5000
Subdivision 3404 - Vanier
MLS® Listing ID X13620328
Bedrooms 8
Property 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! (id:24570)
Location
Province ON
Rooms
Kitchen 3.0
Extra Room 1 Second level 3.33 m X 2.91 m Kitchen
Extra Room 2 Second level 2 m X 1.63 m Bathroom
Extra Room 3 Second level 5.67 m X 3.89 m Living room
Extra Room 4 Second level 3.32 m X 3.17 m Bedroom
Extra Room 5 Second level 3.39 m X 2.79 m Bedroom 2
Extra Room 6 Second level 3.39 m X 2.94 m Bedroom 3
Interior
Heating Forced air
Cooling Window air conditioner
Exterior
Parking Features Yes
View Y/N No
Attached Garage No
Total Parking Spaces 5
Garage Yes
Private Pool No
Building
Story 3
Sewer Sanitary sewer
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Listed by SOLID ROCK REALTY
NEARBY SCHOOL & BUSINESS
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