For more information, please click brochure button. Commercial/residential traditional mainstreet (tm) soon to become ms1 h(20) zoned lot hosting a ready to live-in, well maintained and charming 2-floor detached brick house allowing multiple usages & a construction up to 20m high or 6-floor bldg. Property is located 5 mins from downtown ottawa. An ideal property for professionals & investors who want to 1) use it as a home/office combination, 2) use it as a 1 or 2 unit rental with central utilities (can be sold furnished as an option), 3) use it partially or 100% commercially or 4) invest in it to convert it into a development project of up to 6 floor high building. Property has an easy access to the citybus, cycling paths, schools, shopping malls, restaurants, queensway, hospitals, arena, & the bridges to the province of quebec. This large 2 bedroom with an unregistered basement home office has been rented profitably since 2005. The property is recovered with hardwood, ceramic & laminated floors. The basement home office suite has been rented for 20 years as an opened concept autonomous studio with its kitchen equipped with full size fridge and self/easy clean stove, 3 piece washroom & dedicated house entrance and parking space. The property features a large 2-tier deck patio located in a fenced & treed backyard with no neighbour at the back, central a/c, 25 000 btu gas fireplace, oct 2022 high efficiency gas furnace owned for central heat /gas hot water tank owned, 2017 house roof. The potential gross rental income is approx. $45000/year with potential for revenue increase with no or a minimal investment. A detached shed on a foundation & with electricity has been used for cold storage and as a workshop since 2005 but could possibly be leveraged into a tiny house development project if desired.
Listing IDX9522618
Address271 MCARTHUR Avenue
CityVanier and Kingsview Park, Ontario
Price$998,900
Bed / Bath3 / 2 Full
Style2-Storey, Detached
ConstructionBrick
TypeResidential
StatusFor Sale
