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$1,600,000
Available - For Sale
Listing ID: X12671512
ATTENTION BUILDERS & INVESTORS - SHOVEL READY 9 UNIT DEVELOPMENT Vanier, Ottawa. 220 McArthur Avenue represents a rare opportunity to acquire a fully entitled, shovel ready development site in one of Ottawa's fastest intensifying urban corridors. Ideally positioned steps from Vanier Parkway and McArthur Avenue, the site benefits from excellent transit connectivity, proximity to downtown, and strong longterm rental fundamentals. The property is offered at $1.6M as land with approvals, featuring a demolition permit issued and fully approved architectural plans for a 9 unit residential building. All utilities have been fully disconnected, allowing for an immediate and efficient start to redevelopment. Estimated Project Economics (Upon Completion) Approximate Gross Monthly Rental Income: $20,600, Approximate Gross Annual Rental Income: $247,200, Estimated Stabilized Net Operating Income (NOI): ~$181,764 Capitalization Rate Applied: 5.50% Estimated Stabilized Value: ~$3.3M. A future value appraisal has been completed by an AACI designated appraiser, with valuation conclusions based on the above stabilized income assumptions, subject to construction in accordance with the approved plans. Preliminary construction cost guidance suggests approximately $1.8M, subject to final contractor pricing, scope confirmation, and purchaser due diligence. To obtain the final release of approved plans from the City, a known and fully disclosed municipal payment of approximately $95,000 remains outstanding.The project is eligible for CMHC MLI Select financing, offering the potential for below prime interest rates and amortization periods of up to 50 years, significantly enhancing leverage, cash flow, and long term return potential, subject to CMHC and lender approval. NDA required prior to the release of architectural drawings, appraisal materials, supporting documentation, or the scheduling of site visits
Price $1,600,000
Taxes: $3,743
Assessment Year: 2025
Occupancy by: Vacant
Address: 218-220 Mcarthur Avenue , Vanier and Kingsview Park, K1L 6P5, Ottawa
Directions/Cross Streets: Vanier Pkwy and McArthur Ave
Rooms: 6
Bedrooms: 2
Bedrooms +: 0
Washrooms: 4
Family Room: F
Basement: Crawl Space
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Bedroom 9.84 9.84
Room 2: Main Kitchen 6.56 8.20
Room 3: Main Living Ro 9.84 6.56
Room 4: Main Kitchen 9.84 6.56
Room 5: Main Living Ro 11.48 11.48
Room 6: Main Bathroom 5.90 5.90
Room 7: Main Bathroom 4.92 5.90
Room 8: Second Kitchen 8.20 8.20
Room 9: Second Living Ro 11.48 9.84
Room 10: Second Bathroom 5.90 4.92
Room 11: Second Bedroom 2 11.48 9.84
Room 12: Second Living Ro 11.48 9.84
Room 13: Second Bathroom 5.90 4.92
Room 14: Second Kitchen 8.20 6.56
No. of Pieces Level
Washroom 1:  3 Main
Washroom 2:  3 Second
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  3 Main
Washroom 7:  3 Second
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Property Type: Fourplex
Style: 2-Storey
Exterior: Vinyl Siding
Garage Type: None
(Parking/)Drive: Available
Drive Parking Spaces: 5
Park #1
Parking Type: Available
Park #2
Parking Type: Available
Pool: None
Approximatly Square Footage: 1500-2000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Cable: Y
Utilities-Hydro: A
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ROYAL LEPAGE INTEGRITY REALTY

218-220 Mcarthur Avenue , Vanier and Kingsview Park, K1L 6P5, Ottawa

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MD Ashraful Bari
Broker
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647.406.6653
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905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Fourplex
Area: Ottawa
Municipality: Vanier and Kingsview Park
Neighbourhood: 3404 - Vanier
Style: 2-Storey
Lot Size: x 96.00(Feet)
Approximate Age:
Tax: $3,743
Maintenance Fee: $0
Beds: 2
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
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Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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