$2,595,000
Available - For Sale
Listing ID: X13145184
216 Mcarthur Avenue , Vanier and Kingsview Park, K1L 6P5, Ottawa
| Exceptional investment opportunity in the heart of Vanier. This fully renovated and newly expanded 6-unit residential income property was purpose-engineered to qualify for the CMHC MLI Select Program - one of the most powerful financing tools available to Canadian real estate investors today. MLI Select requires superior building quality, advanced energy systems, and measurable performance well beyond standard code. 216 McArthur delivers: energy consumption reduced by 42.7% and GHG emissions down 67.6% versus baseline, securing 50-year amortization and up to 95% LTV financing - a structural cash flow advantage built directly into the asset. Originally a 1970s triplex, the property was transformed into a modern 6-suite building through a full retrofit of the existing structure and a high-quality rear addition. Every suite features its own individual air-source heat pump, energy recovery ventilator (ERV), and electric hot water system - tenants pay their own utilities, keeping landlord operating costs lean and predictable. The building is equipped with a high-tech intercom and remote entry system, individual key fob access per unit, a building-wide security system, and exterior surveillance cameras - low-maintenance, high-tech, and purpose-built for hands-off management. Currently generating $12,800/month ($153,600/year) in gross rental income across six fully tenanted units. Don't miss this rare turnkey asset with institutional-grade financing already locked in. Contact listing agent for full financials and showing details. |
| Price | $2,595,000 |
| Taxes: | $12958.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 216 Mcarthur Avenue , Vanier and Kingsview Park, K1L 6P5, Ottawa |
| Directions/Cross Streets: | VANIER PARKWAY |
| Rooms: | 25 |
| Bedrooms: | 11 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Finished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Basement | Living Ro | |||
| Room 2 | Basement | Bedroom | |||
| Room 3 | Basement | Bathroom | |||
| Room 4 | Basement | Kitchen | |||
| Room 5 | Main | Kitchen | |||
| Room 6 | Main | Bathroom | |||
| Room 7 | Main | Living Ro | |||
| Room 8 | Main | Bedroom | |||
| Room 9 | Main | Bedroom | |||
| Room 10 | Main | Laundry | |||
| Room 11 | Second | Kitchen | |||
| Room 12 | Second | Living Ro | |||
| Room 13 | Second | Dining Ro | |||
| Room 14 | Second | Bathroom | |||
| Room 15 | Second | Bedroom |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | New |
| Property Type: | Multiplex |
| Style: | 2-Storey |
| Exterior: | Brick, Aluminum Siding |
| Garage Type: | None |
| (Parking/)Drive: | Available |
| Drive Parking Spaces: | 2 |
| Park #1 | |
| Parking Type: | Available |
| Park #2 | |
| Parking Type: | Available |
| Pool: | None |
| Approximatly Age: | New |
| Approximatly Square Footage: | 5000 + |
| 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: | Heat Pump |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Septic |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ALL/PRO REAL ESTATE LTD. |
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Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Ottawa |
| Municipality: | Vanier and Kingsview Park |
| Neighbourhood: | 3404 - Vanier |
| Style: | 2-Storey |
| Approximate Age: | New |
| Tax: | $12,958 |
| Beds: | 11 |
| Baths: | 6 |
| Fireplace: | N |
| Pool: | None |
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