216 MCARTHUR AVENUE, Ottawa, ON K1L6P5
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216 MCARTHUR AVENUE, Ottawa, ON K1L6P5
216 MCARTHUR AVENUE, Ottawa, ON K1L6P5
216 MCARTHUR AVENUE, Ottawa, ON K1L6P5
216 MCARTHUR AVENUE, Ottawa, ON K1L6P5
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Donna Maguire

Donna Maguire

Engel & Völkers

+1(613) 769-7317
$ 2,595,000
Est. payment /mo
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Active

216 MCARTHUR AVENUE Ottawa, ON K1L6P5

11 Beds

6 Baths

5,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 - 100000

Square Footage 5,000 sqft

Price per Sqft $519

Subdivision 3404 - Vanier

MLS® Listing ID X13145184

Bedrooms 11

Property Description

Exceptional investment opportunity in the heart of Vanier. This fully renovated and newly expanded 6-unit residential income property was purpose-engineered to qualify for the CMHC MLI Select Program - one of the most powerful financing tools available to Canadian real estate investors today. MLI Select requires superior building quality, advanced energy systems, and measurable performance well beyond standard code. 216 McArthur delivers: energy consumption reduced by 42.7% and GHG emissions down 67.6% versus baseline, securing 50-year amortization and up to 95% LTV financing - a structural cash flow advantage built directly into the asset. Originally a 1970s triplex, the property was transformed into a modern 6-suite building through a full retrofit of the existing structure and a high-quality rear addition. Every suite features its own individual air-source heat pump, energy recovery ventilator (ERV), and electric hot water system - tenants pay their own utilities, keeping landlord operating costs lean and predictable. The building is equipped with a high-tech intercom and remote entry system, individual key fob access per unit, a building-wide security system, and exterior surveillance cameras - low-maintenance, high-tech, and purpose-built for hands-off management. Currently generating $12,800/month ($153,600/year) in gross rental income across six fully tenanted units. Don't miss this rare turnkey asset with institutional-grade financing already locked in. Contact listing agent for full financials and showing details. (id:24570)

Location

State ON

Rooms

Kitchen 3.0

Extra Room 1 Second level Measurements not available Kitchen

Extra Room 2 Second level Measurements not available Living room

Extra Room 3 Second level Measurements not available Dining room

Extra Room 4 Second level Measurements not available Bathroom

Extra Room 5 Second level Measurements not available Bedroom

Extra Room 6 Second level Measurements not available Bedroom

Interior

Heating Heat Pump

Cooling Central air conditioning

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 2

Garage No

Private Pool No

Building

Story 2

Sewer Septic System

Others

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Donna Maguire

Donna Maguire

Broker

+1(613) 769-7317

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216 MCARTHUR AVENUE