$998,900
Available - For Sale
Listing ID: X9522622
271 MCARTHUR Ave , Vanier and Kingsview Park, K1L 6P3, Ontario
| 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: | $3947.00 |
| 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 100.00 (Feet) |
| Directions/Cross Streets: | The property is facing South and is located on North side of McArthur Avenue in Vanier South neiborh |
| Category: | Office |
| Total Area: | 1718.00 |
| Office/Appartment Area: | 0 |
| Retail Area: | 0 |
| Gross Income/Sales: | $37500 |
| Net Income Before Debt: | $31500 |
| Volts: | 220 |
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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. |
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Sherin M Justin, CPA CGA
Sales Representative
Dir:
647-231-8657
Bus:
905-239-9222
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Office |
| Area: | Ottawa |
| Municipality: | Vanier and Kingsview Park |
| Neighbourhood: | 3404 - Vanier |
| Lot Size: | 43.17 x 100.00(Feet) |
| Tax: | $3,947 |
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