$ 998,900
-
$998,900
Price -
3
Bed -
2
Bath -
1,500
SqFt
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About the Listing 486800 -
For more information, please click Brochure button. Commercial/Residential Traditional Mainstreet (TM) soon to become MS1 H(20) zoned lot hosting a ready to live-in, well maintained and charming 2-floor detached brick house allowing multiple usages & a construction up to 20m high or 6-floor bldg. Property is located 5 mins from downtown Ottawa. An ideal property for professionals & investors who want to 1) use it as a home/office combination, 2) use it as a 1 or 2 unit rental with central utilities (can be sold furnished as an option), 3) use it partially or 100% commercially or 4) invest in it to convert it into a development project of up to 6 floor high building. Property has an easy access to the citybus, cycling paths, schools, shopping malls, restaurants, Queensway, hospitals, arena, & the bridges to the province of Quebec. This large 2 bedroom with an unregistered basement home office has been rented profitably since 2005. The property is recovered with hardwood, ceramic & laminated floors. The basement home office suite has been rented for 20 years as an opened concept autonomous studio with its kitchen equipped with full size fridge and self/easy clean stove, 3 piece washroom & dedicated house entrance and parking space. The property features a large 2-Tier deck Patio located in a fenced & treed backyard with no neighbour at the back, central A/C, 25 000 BTU gas fireplace, Oct 2022 high efficiency gas furnace owned for central heat /gas hot water tank owned, 2017 house roof. The potential gross rental income is approx. $45000/year with potential for revenue increase with no or a minimal investment. A detached shed on a foundation & with electricity has been used for cold storage and as a workshop since 2005 but could possibly be leveraged into a tiny house development project if desired.
Listing Highlights for 271 McArthur Ave
Status
Active
Days on Site
372
Property Type
Residential
MLS ®
X9522618
Year Built
Total Square Footage
1,500
Lot/Acreage
N/A
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Central Air
- Heating:
- Fireplaces: Natural Gas
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Partially Finished
- Other: Water Heater Owned
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Asphalt Shingle
- Others: Deck
- Sewer: Septic
- Parking Features: Available
Financial Details
- Tax Amount: $3,947
- Taxes w/Assessments: N/A
- Tax/Property ID: 042400007
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
271 McArthur Ave Vanier and Kingsview Park, ON K1L 6P3
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