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Est. payment | /mo
8 Beds
3 Baths
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Est. payment | /mo
8 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 3404 - Vanier
MLS Listing ID X13620328
Style 3-Storey
Bedrooms 8
Annual Tax Amount $5,509
Tax Year 2025
Property Sub-Type Triplex
Property Description
PRIME INVESTMENT & REDEVELOPMENT OPPORTUNITY IN THE HEART OF VANIER! Discover the potential of 289 McArthur Avenue, a well-maintained, income-producing triplex offering exceptional versatility for investors, developers, and entrepreneurs. Fully leased with three long-term residential tenants, this property provides established rental income from day one. Formerly a dental office, the property offers a unique history and exciting possibilities for future use. Zoned Traditional Mainstreet (TM), it presents opportunities for residential, commercial, and mixed-use development, subject to municipal approvals. Maintain the existing triplex, enhance rental income through improvements, or explore redevelopment and intensification potential. Additional income is generated from two rented detached garages and coin-operated laundry facilities. Ideally situated along the McArthur Avenue corridor, just minutes from downtown Ottawa, public transit, shopping, restaurants, schools, parks, and the Rideau River pathways. With its established rental income, desirable urban location, and flexible zoning, this property offers both immediate investment value and exciting long-term potential. INVEST TODAY, DEVELOP TOMORROW - THE POSSIBILITIES ARE ENDLESS!
Location
State ON
County Ottawa
Area Ottawa
Rooms
Family Room No
Basement Other
Kitchen 3
Interior
Interior Features Carpet Free
Cooling Window Unit(s)
Inclusions 3 Fridge, 3 Stove, 1 washer and 1 dryer
Exterior
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 29.0
Lot Depth 97.0
Total Parking Spaces 5
Building
Foundation Poured Concrete
Others
Senior Community Yes
ParcelsYN No
Listed by SOLID ROCK REALTY