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$998,900
Available - For Sale
Listing ID: X9522622
For more information, please click Brochure button. Commercial/Residential Traditional Mainstreet (TM) soon to become MS1 H(20) zoned lot hosting a ready to live-in, well maintained and charming 2-floor detached brick house allowing multiple usages & a construction up to 20m high or 6-floor bldg. Property is located 5 mins from downtown Ottawa. An ideal property for professionals & investors who want to 1) use it as a home/office combination, 2) use it as a 1 or 2 unit rental with central utilities (can be sold furnished as an option), 3) use it partially or 100% commercially or 4) invest in it to convert it into a development project of up to 6 floor high building. Property has an easy access to the citybus, cycling paths, schools, shopping malls, restaurants, Queensway, hospitals, arena, & the bridges to the province of Quebec. This large 2 bedroom with an unregistered basement home office has been rented profitably since 2005. The property is recovered with hardwood, ceramic & laminated floors. The basement home office suite has been rented for 20 years as an opened concept autonomous studio with its kitchen equipped with full size fridge and self/easy clean stove, 3 piece washroom & dedicated house entrance and parking space. The property features a large 2-Tier deck Patio located in a fenced & treed backyard with no neighbour at the back, central A/C, 25 000 BTU gas fireplace, Oct 2022 high efficiency gas furnace owned for central heat /gas hot water tank owned, 2017 house roof. The potential gross rental income is approx. $45000/year with potential for revenue increase with no or a minimal investment. A detached shed on a foundation & with electricity has been used for cold storage and as a workshop since 2005 but could possibly be leveraged into a tiny house development project if desired.
Price $998,900
Taxes: $3,947
Tax Type: Unknow
Occupancy by: Vacant
Address: 271 MCARTHUR Avenue , Vanier and Kingsview Park, K1L 6P3, Ottawa
Postal Code: K1L 6P3
Fronting On: S
Province/State: Ottawa
Legal Description: PT LT H, PL 381, AS IN NS268715; VANIER/
Lot Size: 13.16 x 100 (Feet)
Directions/Cross Streets: The property is facing South and is located on North side of McArthur Avenue in Vanier South neiborh
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Category: Office
Building Percentage: T
Total Area: 1,718
Total Area Code:  Square Feet
Office/Appartment Area: 0
Office/Appartment Area Code: %
Retail Area: 0
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Maintenance: 0
Gross Income/Sales: $37500
Net Income Before Debt: $31500
Year Expenses: 2023
Expenses Actual/Estimated: $Est
Sprinklers: Unkn
Volts: 220
Heat Type: Unknown
Central Air Conditioning: Unknown
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EASY LIST REALTY LTD.

271 MCARTHUR Avenue , Vanier and Kingsview Park, K1L 6P3, Ottawa

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Arash Salehrad
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(647)402-5949
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(905)508-9500
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Type: Com - Office
Area: Ottawa
Municipality: Vanier and Kingsview Park
Neighbourhood: 3404 - Vanier
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Lot Size: 13.16 x 100.00(Feet)
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Tax: $3,947
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949