289 Mcarthur Avenue,Vanier and Kingsview Park, ON K1L 6P3
Vanier and Kingsview Park, ON K1L 6P3
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.
Details
| MLS # | X13620328 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 37 |
| Listing Provided By | SOLID ROCK REALTY | X13620328 508700 |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 3 |
| Garage | 2 |
| Story(s) | 3 |
| Acreage | 0.06 |
Interior
| Interior Features | Carpet Free |
|---|---|
| Cooling | Window Unit(s) |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Poured Concrete |
| Construction Materials | Brick |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 5509.67 |
|---|---|
| Tax Legal Description | PT LTS I & J, PL 381 , AS IN NS40357, EXCEPT PT 6, 5R413 ; VANIER/GLOUCESTER |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Ottawa |
| City | Vanier and Kingsview Park |
| Postal Code | K1L 6P3 |
| Area | 3404 Vanier |
| Listing VS Median (in K1L 6P3) | |
Price: $979,000 low | high Med: $0 On site: 37 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Ottawa |
| City | Vanier and Kingsview Park |
| Postal Code | K1L 6P3 |
| Area | 3404 Vanier |
| Listing VS Median (in K1L 6P3) | |
Price: $979,000 low | high Med: $0 On site: 37 low | high Med: | |
