216 Mcarthur Avenue
Vanier and Kingsview Park, ON
- 6 bed
- 6 bath
- approx. 5000 + sqft
- Multiplex
- 98 days on market
Exceptional investment opportunity in the heart of Vanier. This fully renovated and newly expanded 6-unit residential income property was purpose-engineered to qualify for the CMHC MLI Select Program - one of the most powerful financing tools available to Canadian real estate investors today. MLI Select requires superior building quality, advanced energy systems, and measurable performance well beyond standard code. 216 McArthur delivers: energy consumption reduced by 42.7% and GHG emissions down 67.6%versus baseline, securing 40-year amortization and up to 95% LTV financing - a structural cash flow advantage built directly into the asset. Originally a 1970s triplex, the property was transformed into a modern 6-suite building through a full retrofit of the existing structure and a high-quality rear addition. Every suite features its own individual air-source heat pump, energy recovery ventilator (ERV), and electric hot water system - tenants pay their own utilities, keeping landlord operating costs lean and predictable. The building is equipped with a high-tech intercom and remote entry system, individual key fob access per unit, a building-wide security system, and exterior surveillance cameras - low-maintenance, high-tech, and purpose-built for hands-off management. Currently generating $12,800/month ($153,600/year) in gross rental income across six fully tenanted units. Don't miss this rare turnkey asset with institutional-grade financing already locked in. Contact listing agent for full financials and showing details.
Listing Details
- Taxes (2026)
- $12,958
- Listed
- June 4, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick, Aluminum Siding
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
- Interior
- Water Meter, Water Heater Owned, Upgraded Insulation, Storage, Separate Heating Controls, ERV/HRV
- Lot Size
- 40 x 95.88 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 2
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- VANIER PARKWAY
- Parcel Number
- 042480148
- Possession
- Immediate
- Occupancy
- Tenant
Included
- Inclusions
- 6 FRIDGES, 6 STOVES, 6 DISHWASHER, 6 DRYERS, 6 WASHERS,
Schools
Elementary
- École élémentaire catholique Horizon-Jeunesse0.2 km
French Catholic · CSDC du Centre-Est de l'Ontario · 465 students
Grade 3 reading: 90% met the provincial standard · Grade 6 math: 71% met the provincial standard
- Assumption Catholic Elementary School0.4 km
Catholic · Ottawa CSB · 260 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 26% met the provincial standard
- École élémentaire publique Mauril-Bélanger0.5 km
French public · CÉP de l'Est de l'Ontario · 245 students
Grade 3 reading: 47% met the provincial standard · Grade 6 math: 30% met the provincial standard
Secondary
- Ottawa Technical Secondary School1.2 km
Public · Ottawa-Carleton DSB · 330 students
Grade 10 literacy: 48% met the provincial standard
- École secondaire publique De La Salle1.9 km
French public · CÉP de l'Est de l'Ontario · 950 students
Grade 10 literacy: 93% met the provincial standard
- École secondaire catholique de l’innovation2.2 km
French Catholic · CSDC du Centre-Est de l'Ontario · 95 students
Grade 10 literacy: 71% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K1L
- Population
- 18,213
- Private dwellings
- 10,797
- Median age
- 41.2
- Average household size
- 1.8
- Median household income
- $63,200
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Vanier and Kingsview Park · last 12 months
- Median sold price
- $540,000
- Homes sold
- 175
- Median days on market
- 31
- Sale-to-list price
- 97.2%
Based on 175 recorded sales of residential freehold properties in Vanier and Kingsview Park over the last 12 months.
Listed by
CHRIS HILLIARD REALTY INC.
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Mortgage Calculator
$519,000
Estimated Monthly Payment
$12,748
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $12,748/mo (20% down, 5.5%)
Taxes: $1,080/mo · Insurance: $649/mo
Estimates only. Consult a financial advisor.
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