289 MCARTHUR AVENUE, Ottawa, Ontario, K1L 6P3

MLS® # X13620328

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Investment For Sale In Vanier South, Ottawa, Ontario

$979,000

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289 Mcarthur Avenue, Ottawa, ON - Outdoor

289 Mcarthur Avenue, Ottawa, ON - Outdoor With Facade

289 Mcarthur Avenue, Ottawa, ON - Outdoor With Exterior

289 Mcarthur Avenue, Ottawa, ON - Indoor Photo Showing Other Room

289 Mcarthur Avenue, Ottawa, ON - Indoor Photo Showing Living Room

289 Mcarthur Avenue, Ottawa, ON - Indoor

289 Mcarthur Avenue, Ottawa, ON - Indoor Photo Showing Dining Room

289 Mcarthur Avenue, Ottawa, ON - Indoor Photo Showing Kitchen

289 Mcarthur Avenue, Ottawa, ON - Indoor Photo Showing Bathroom

289 Mcarthur Avenue, Ottawa, ON - Indoor Photo Showing Bedroom

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289 MCARTHUR AVENUE, Ottawa, Ontario, K1L 6P3

$979,000

Property Information:

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:27)