271 MCARTHUR Avenue, VanierandKingsviewPark, ON K1L 6P3

Vanier and Kingsview Park K1L 6P3 Ontario

MLS: X9522622

$998,900

Added 128 days ago | For Sale

Listed by: EASY LIST REALTY LTD.

About Property

For more information, please click Brochure button. Most beneficial use of property: Leverage it as per its mixed Commercial/Residential TM zoning to become MS1 in 2025: Great opportunity for Professionals/Business Owners to live in it or potentially use a part of the property commercially minimizing the commercial tax bill. As Ottawa pursues its densification, possibility to expand and leverage it partially or 100% commercially and build up to 6 floor or 20 m high. If use 100% residentially, the 2024 annual gross rent income is $37500 with operating cost of $6400/yr. For a net of $31100 (no mortgage). To make it available to new buyers, the property can be vacant with a two months notice, studio rented at $1150/mth. The property is ready to live in. Target buyers: Professionals, investors, business owners. Numerous permitted use: retail store, restaurant, bank , daycare, apartment dwelling, museum etc. Consult the city to assess your project.

Features

  • House Style:Office
  • Bathrooms:
  • Land Size: 43.17 X 100
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:The property is facing South and is located on North side of McArthur Avenue in Vanier South neiborhoods. The closest high traffic intersection is the Vanier Parkway/McArthur Avenue intersection.
  • Basement: ,
  • Possession Date:Negotiable
  • Annual Property taxes: $3947
  • Bedrooms:
  • Total Parking Spaces:3
  • Parking Places:3
  • Heating Type:Unknown
  • Pool Type:
  • Exterior:
  • Direction Facing:South
  • Front Footage:
  • Listing ID:X9522622

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