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    For Sale - 289 Mcarthur Avenue, Vanier and Kingsview Park, Ontario

    Est payment $4,701/mo
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    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, 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.
    Listing IDX13620328
    Address289 Mcarthur Avenue
    CityVanier and Kingsview Park, Ontario
    Price$979,000
    Bed / Bath8 / 3 Full
    Style3-Storey, Triplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Carpet FreeOwnership FreeholdBasement OtherFoundation Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 5.00
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    Listing Agency:  SOLID ROCK REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    289 Mcarthur Avenue
    Vanier and Kingsview Park , Ontario
    8 3 $979,000
    Get more info