289 MCARTHUR AVENUE, Ottawa, Ontario K1L 6P3
$949,000.00
- 8 bedrooms
- 3 bathrooms
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 ... read more
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:25417)
- Listing ID: X13620328
- Property Type: Multi-family
| Property | |
|---|---|
| Lot Size: | 29 by 97 FT |
| Parking: | Detached Garage 5 Spaces |
| Building | |
|---|---|
| Type: | Multi-family Triplex |
| Appliances: | Refrigerator, Stove, Washer and Dryer |
| HVAC: | Fireplace, Forced Air and Window Air Conditioner Natural Gas |
| Exterior: | Brick |
| Basement: | N/A (Other, See Remarks) |
| Utilities: | Sanitary Sewer |
| Location | |
|---|---|
| City: | Ottawa |
| Province: | Ontario |
| Rooms | Level | Dimensions |
|---|---|---|
| Kitchen | Second level | 3.33 m x 2.91 m |
| Bathroom | Second level | 2 m x 1.63 m |
| Living room | Second level | 5.67 m x 3.89 m |
| Bedroom | Second level | 3.32 m x 3.17 m |
| Bedroom 2 | Second level | 3.39 m x 2.79 m |
| Bedroom 3 | Second level | 3.39 m x 2.94 m |
| Dining room | Second level | 3.39 m x 3.17 m |
| Bedroom | Third level | 3.32 m x 3.37 m |
| Bedroom 2 | Third level | 3.39 m x 2.79 m |
| Living room | Third level | 5.67 m x 3.89 m |
| Bedroom 3 | Third level | 3.39 m x 2.72 m |
| Dining room | Third level | 3.39 m x 3.1 m |
| Kitchen | Third level | 3.83 m x 2.91 m |
| Bathroom | Third level | 2 m x 1.65 m |
| Bedroom | Basement | 3.39 m x 3.17 m |
| Bedroom 2 | Basement | 3.39 m x 3.17 m |
| Living room | Basement | 5.67 m x 3.89 m |
| Kitchen | Basement | 3.33 m x 2.91 m |
| Laundry room | Basement | 3.33 m x 3.92 m |
| Bathroom | Basement | 2.29 m x 1.65 m |
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