271 Mcarthur Avenue , Vanier and Kingsview Park, ON K1L 6P3
Vanier and Kingsview Park, ON K1L 6P3
Description
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.
Details
| MLS# | X9522622 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 75 |
| Listing Provided By | EASY LIST REALTY LTD. | Not Provided |
Features
| SQ Feet | 1,718 |
|---|
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Learn More About This Property
| State | ON |
|---|---|
| County | Ottawa |
| City | Vanier and Kingsview Park |
| Zip Code | K1L 6P3 |
| Area | 3404 Vanier |
| Listing VS Median (in K1L 6P3) | |
Price: $998,900 low | high Med: $998,900 SqFt: 1,718 low | high Med: 1,718 $ / SqFt: $581 low | high Med: $581 On Site: 75 low | high Med: 75.000000 | |
