Conceptual rendering - approved 9-unit development More Photos

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    For Sale - 218-220 Mcarthur Avenue, Vanier and Kingsview Park, Ontario

    Est payment $6,723/mo
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    Time on Jump  8 day

    AI Summary *

    • Shovel-ready 9 unit development site in a growing urban area.
    • Excellent transit access and close to downtown amenities.
    • Demolition permit issued with approved architectural plans included.
    • Utilities are fully disconnected for an efficient redevelopment start.
    • Potential for strong rental income and favorable financing options available.




    Attention builders & investors - shovel ready 9 unit development vanier, ottawa. 220 mcarthur avenue represents a rare opportunity to acquire a fully entitled, shovel ready development site in one of ottawa's fastest intensifying urban corridors. Ideally positioned steps from vanier parkway and mcarthur avenue, the site benefits from excellent transit connectivity, proximity to downtown, and strong longterm rental fundamentals. The property is offered at $1. 4m as land with approvals, featuring a demolition permit issued and fully approved architectural plans for a 9 unit residential building. All utilities have been fully disconnected, allowing for an immediate and efficient start to redevelopment. Estimated project economics (upon completion) approximate gross monthly rental income: $20,600, approximate gross annual rental income: $247,200, estimated stabilized net operating income (noi): ~$181,764 capitalization rate applied: 5. 50% estimated stabilized value: ~$3. 3m. A future value appraisal has been completed by an aaci designated appraiser, with valuation conclusions based on the above stabilized income assumptions, subject to construction in accordance with the approved plans. Preliminary construction cost guidance suggests approximately $1. 8m, subject to final contractor pricing, scope confirmation, and purchaser due diligence. To obtain the final release of approved plans from the city, a known and fully disclosed municipal payment of approximately $95,000 remains outstanding. The project is eligible for cmhc mli select financing, offering the potential for below prime interest rates and amortization periods of up to 50 years, significantly enhancing leverage, cash flow, and long term return potential, subject to cmhc and lender approval. Nda required prior to the release of architectural drawings, appraisal materials, supporting documentation, or the scheduling of site visits
    Listing IDX13813626
    Address218-220 Mcarthur Avenue
    CityVanier and Kingsview Park, Ontario
    Price$1,400,000
    Bed / Bath2 / 4 Full
    Style2-Storey, Fourplex
    ConstructionVinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features NoneOwnership FreeholdWaterfront NoneBasement Crawl SpaceFoundation ConcreteHeating / Cooling Forced AirHeating Fuel ElectricSewer Sewer

    Parking 5.00
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    Listing Brokerage: ROYAL LEPAGE INTEGRITY REALTY

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