289 MCARTHUR AVENUE, Ottawa

2026-07-30
 

Quick Summary

Location
289 MCARTHUR AVENUE, Ottawa, Ontario K1L6P3
Price
$979,000 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
3500 - 5000 sqft
Bedrooms:
8
Bathrooms:
3
Garages:
5

MLS®#X13620328

Property Description

Exceptional Investment & Redevelopment Opportunity - TM Zoned TriplexRare opportunity to acquire a well-maintained, income-producing triplex in the heart of Vanier with highly desirable Traditional Mainstreet (TM) zoning, offering outstanding flexibility for investors, developers, and owner-operators alike.This fully leased property features three residential units, all occupied by long-term tenants, providing stable and reliable rental income from day one. Additional revenue is generated through two detached garages that are currently rented, as well as a coin-operated laundry for tenant convenience.The property's Traditional Mainstreet (TM) zoning significantly enhances its long-term value by permitting a broad range of residential, commercial, and mixed-use opportunities. Continue operating the property as a successful triplex, renovate and add value, or explore the potential to redevelop into a higher-density residential or mixed-use building. TM zoning is designed to encourage intensification along established urban corridors and permits a variety of uses, including apartment dwellings, retail, offices, restaurants, professional services, and mixed-use developments.Situated along the McArthur Avenue corridor, this prime location offers quick access to downtown Ottawa, public transit, shopping, restaurants, schools, parks, hospitals, and the Rideau River pathways, making it an attractive location for both tenants and future redevelopment.Whether you're seeking a turnkey investment with dependable cash flow, land for future redevelopment, or a property with commercial and mixed-use potential, 289 McArthur Avenue presents an exceptional opportunity in one of Ottawa's established and evolving urban neighbourhoods. (id:32467)

Property Features

Building

  • Appliances: Dryer, Stove, Washer, Refrigerator
  • Basement Development: Other, See Remarks
  • Basement Type: N/A (Other, See Remarks)
  • Cooling Type: Window air conditioner
  • Exterior Finish: Brick
  • Fireplace: No
  • Interior Size: 3500 - 5000 sqft
  • Building Type: Triplex
  • Stories: 3
  • Utility Water: Municipal water

Features

  • Feature: Carpet Free

Land

  • Land Size: 29 x 97 FT
  • Sewer: Sanitary sewer

Information entered by SOLID ROCK REALTY
Listing information last updated on: 2026-07-31 14:53:24


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