$ 998,900
-
$998,900
Price -
0
Bed - Bath
-
1,718
SqFt
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About the Listing 486800 -
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. The property is an income property (a rental) and has been since 2005. Consult the city to assess your project.
Listing Highlights for 271 McArthur Ave
Status
Active
Days on Site
316
Property Type
Commercial Sale
MLS ®
X9522622
Year Built
Total Square Footage
1,718
Lot/Acreage
4317
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Unknown
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Unknown
- Others:
- Sewer:
Financial Details
- Tax Amount: $3,947
- Taxes w/Assessments: N/A
- Tax/Property ID: 042400007
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
271 McArthur Ave Vanier and Kingsview Park, ON K1L 6P3
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