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$998,900
Available - For Sale
Listing ID: X9522622
For more info, click "More Information" button below. "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 month's 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."
Price $998,900
Taxes: $3,947
Assessment: $318000
Assessment Year: 2016
Occupancy by: Vacant
Address: 271 MCARTHUR Ave , Vanier and Kingsview Park, K1L 6P3, Ontario
Postal Code: K1L 6P3
Province/State: Ontario
Legal Description: PT LT H, PL 381, AS IN NS268715; VANIER/
Lot Size: 43.17 x 100 (Feet)
Directions/Cross Streets: The property is facing South and is located on North side of McArthur Avenue in Vanier South neiborh
Zoning: TM
Category: Office
Total Area: 1,718
Office/Appartment Area: 0
Retail Area: 0
Gross Income/Sales: $37500
Net Income Before Debt: $31500
Volts: 220
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
EASY LIST REALTY LTD.

271 MCARTHUR Ave , Vanier and Kingsview Park, K1L 6P3, Ontario

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Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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Type: Com - Office
Area: Ottawa
Municipality: Vanier and Kingsview Park
Neighbourhood: 3404 - Vanier
Style:
Lot Size: 43.17 x 100.00(Feet)
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Tax: $3,947
Maintenance Fee: $0
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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