289 MCARTHUR AVENUE, Ottawa, ON K1L6P3
289 MCARTHUR AVENUE, Ottawa, ON K1L6P3
289 MCARTHUR AVENUE, Ottawa, ON K1L6P3
289 MCARTHUR AVENUE, Ottawa, ON K1L6P3
289 MCARTHUR AVENUE, Ottawa, ON K1L6P3
289 MCARTHUR AVENUE, Ottawa, ON K1L6P3
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Sanjeev Srivastava

Sanjeev Srivastava

+1(613) 298-9035
$ 979,000
Est. payment | /mo

8 Beds

3 Baths

3,500 SqFt

Save
$ 979,000
Est. payment | /mo
Save

8 Beds

3 Baths

3,500 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500 - 5000

Square Footage 3,500 sqft

Price per Sqft $279

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

Province 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 3.32 m X 3.17 m Bedroom

Extra Room 4 Second level 3.39 m X 2.79 m Bedroom 2

Extra Room 5 Second level 3.39 m X 2.94 m Bedroom 3

Extra Room 6 Second level 3.39 m X 3.17 m Dining room

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

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Sanjeev Srivastava
Sanjeev Srivastava

REALTOR®

+1(613) 298-9035 | info@perfecthomeswithsanjeev.com

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289 MCARTHUR AVENUE