REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 949,000
Est. payment /mo
Price Dropped by $30K
289 MCARTHUR AVENUE Ottawa, ON K1L6P3
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
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:24570)
Location
State 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
Listed by SOLID ROCK REALTY